A pair of director changes at Hong Kong-listed developers lead this week’s roundup of personnel moves from around Asia’s real estate world, with Shenzhen-based Kaisa and Hong Kong’s HKRI making senior-level changes. Also in the news is the passing of… Read More>>
China Vanke Preps REIT Listing to Raise $138M and More Asia Real Estate Headlines
China Vanke leads Mingtiandi’s headline roundup today as the distressed developer eyes a capital raise through the listing of its long-term rental business. Also making the news, Japan’s Tokyu REIT makes a multi-family acquisition and industrial giant ESR breaks ground… Read More>>
Hong Kong’s HKRI Warns of Full-Year Loss on Impairments, Markdowns
HKR International is the latest Hong Kong property giant to suffer a financial blow from the region’s real estate downturn, with the developer warning of a net loss of unspecified magnitude for the fiscal year to the end of March.
Asia Real Estate People in the News 2022-12-05
A director change at a Singapore-listed REIT leads this week’s collection of personnel moves from around the region, as Singapore’s CDL sees the departure of its chief investment officer. There’s also a new finance boss at Hong Kong-listed Kerry Properties,… Read More>>
HKRI Selling Tokyo Multi-Family Assets for $30M
Hong Kong developer HKR International has agreed to sell two Tokyo residential buildings for JPY 3.49 billion ($30 million), adding to a string of recent property disposals by HKRI in Japan.
The properties are a seven-storey, 22-unit building called Souei… Read More>>
HKRI, CITIC Pacific JV to Invest Nearly $2B in Discovery Bay Expansion
A joint venture between developer HKR International (HKRI) and CITIC Pacific is planning to add a nineteenth phase to their master-planned Discovery Bay project on Lantau Island by investing HK$15 billion ($1.9 billion) to build 1,400 new homes.
The plans… Read More>>
HKRI Wins Suburban Shanghai Residential Site With $130M Bid
Hong Kong Resorts International has made a successful bid of RMB 830.4 million ($130.3 million) for a residential plot in Shanghai’s southwestern suburbs, as the developer continues to seek expansion opportunities in the mainland’s Yangtze River Delta region.
HKRI’s latest… Read More>>
HKRI Acquiring Residential Site in Hong Kong’s Sheung Wan Area for $47M
Hong Kong Resorts International is taking on its second redevelopment project in the last four months after the developer of Discovery Bay agreed to acquire a site at the western edge of Central district for a combined HK$367.3 million ($47.3… Read More>>
Asia Real Estate People in the News 2021-03-15
Leading today’s set of personnel changes in Asia’s real estate industry is a Singaporean investment giant that has just seen some turnover at the top of its US unit. Also in the news, the manager of Hong Kong’s Link REIT… Read More>>
HKRI Buys Kowloon Redevelopment Project for HK$310M
A 16-storey industrial building in Kowloon’s To Kwa Wan area has changed hands at HK$310 million ($40 million) as hopes for an end to the pandemic rekindle Hong Kong’s dormant real estate investment market.
Hong Kong Resorts International, a developer… Read More>>