Asia real estate and outbound investment news
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>>
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>>
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>>
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>>
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>>
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>>
In this week’s edition of People in the News, a boardroom succession takes shape at Hong Kong multinational HKRI, the third generation at New World Development gains a seat on the HSBC board, and WeWork in Singapore announces a pair… Read More>>
Tycoon Payson Cha is reported to have passed away at age 77 due to a recurrence of pancreatic cancer, according to an account in Hong Kong’s Sing Tao daily.
Cha, who chaired developers Hong Kong Resorts International (HKRI) and Hanison… Read More>>
Analysts are voicing growing uncertainty over the outlook for Hong Kong real estate, but a developer controlled by one of the city’s wealthiest families is confident enough in the market that it has just agreed to spend nearly $100 million… Read More>>
CM Capital Corp, the US-based family office of Hong Kong’s billionaire Cha clan has purchased a $117.5 million office building in downtown Palo Alto, California from a local joint venture, paying one of the highest prices per square foot for… Read More>>
