In today’s roundup of regional news headlines, a creditor calls into question the solvency of Japanese hotel operator Unizo, Singapore home sales reach their highest level in more than two years, and the retreat of foreign banks from pricey Hong… Read More>>
Chinachem to Renovate Hong Kong’s Central Market and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, a local developer secures the rights to operate a historic Hong Kong market, ESR signs up a big tenant for a temperature-controlled Sydney warehouse, and a poll finds observers bracing for government… Read More>>
HNA Declares Bankruptcy, Begins Restructuring After Struggling to Pay Debts
China’s HNA Group, once one of the country’s most prolific global investors, has been sued by its creditors for failure to pay debts and is entering bankruptcy, according to a series of recent statements by the parent company of Hainan… Read More>>
Nippon Express May Sell Tokyo HQ for Over $960M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, yet another Tokyo skyscraper could be going up for sale soon, this time the headquarters of Nippon Express. In China, a key executive of HNA Group has disappeared from the management roster, while… Read More>>
HNA Chair Barred From Flying Over $5,300 Debt and More Asia Real Estate Headlines
A once high-flying mainland investor has been grounded by the courts after failing to make a $5,300 payment ordered in a lawsuit judgement, landing HNA Group at the top of the news once again.
Also in the real estate… Read More>>
Victoria’s Secret Closes Hong Kong Flagship Store and More Asia Real Estate Headlines
A leading purveyor of lacy lingerie has joined the exodus from the world’s most expensive retail district, as reports from Hong Kong today report the shutdown of a Victoria’s Secret shop in Causeway Bay.
Also in Mingtiandi’s latest batch of… Read More>>
Office Vacancy in HK’S Central Hits Post-2009 Peak and More Asia Real Estate Headlines
Hong Kong’s priciest district leads Mingtiandi’s roundup of Asia real estate headlines as the average vacancy level across the once red hot office market has soared to 8.5% – its highest since 2009.
In other news around the region, the… Read More>>
Hong Kong April Retail Sales Plunge 36% and More Asia Real Estate Headlines
Plunging retail sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today as shoppers continue to stay away from the high streets in one Asia retail hub, triggering a 36 percent drop in purchases.
In other news… Read More>>
HNA Fails to Make Payment on $4B Ingram Micro Buyout Loan
A unit of China’s HNA Group has failed to repay $750 million owed from its buyout four years ago of a US technology distributor, as the cash-strapped conglomerate’s credit problems continue to mount despite selling off a Shanghai office tower… Read More>>
HK Hotels Closing as Over 90% Run Losses and More Asia Real Estate Headlines
Hong Kong’s troubled hospitality sector leads the way in Mingtiandi’s roundup of Asia real estate headlines today as falling occupancy forces the closure of many of the Asian financial hub’s struggling hotels.
In other news around the region, the bondholders… Read More>>
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