Leading today’s Hong Kong real estate news, 2017 marked a 13-year high for the construction of private flats. And if that’s not enough to ease the city’s housing crisis, the operator of Kwai Tsing port facility is talking about building… Read More>>
Sino Land Buys Mong Kok Site for Fourth New Project in Five Weeks
Developer Sino Land teamed with Chuang’s Consortium International to grab a site in Hong Kong’s Mong Kok district yesterday for an estimated HK$1.8-2 billion ($230 -256 million), according to a statement released by the city’s Urban Renewal Authority.
The purchase… Read More>>
GLP Shareholders Approve Ming Mei-Vanke Buyout and More Asia Real Estate Headlines
At the top of today’s news, GLP boss Ming Mei has crossed the last hurdle in his scheme to buy out the SG-listed warehouse builder with some help from China Vanke and some well-financed friends. Also getting some ink, prices… Read More>>
GLP Plans $1.5B Panda Bond Sale and More Asia Real Estate Headlines
Among the biggest real estate stories in the region today, GLP plans to raise $1.5 billion in renminbi denominated bonds, just after the company’s buyout was approved, and Lendlease decides to go Dutch in the sale of a stake in… Read More>>
Casino Heiress Rents Out HK Apartments at $77K Per Month and More Asia Real Estate Headlines
Stratospheric rents at Hong Kong’s highest point lead the news today as a daughter of casino magnate Stanley Ho leases out a pair of apartments on Victoria Peak for nearly US$77,000 per month. Also in the news, China’s Anbang Insurance… Read More>>
Hong Kongers Now Spend 67% of Income on Mortgages and More Asia Real Estate Headlines
At the top of today’s news, the world’s least affordable housing market worsened in Q2, with Hong Kong denizens now spending two-thirds of their incomes on mortgages. The city’s housing misery may be creating an opportunity for co-living entrepreneurs, as… Read More>>
Mainland Tenants Help Drive HK Office Rents to New High and More Asia Real Estate Headlines
Hong Kong’s bubbly property market set a new mark this month, with a major property consultancy saying downtown office rents have hit their highest level in over a decade. Also in the news, CapitaLand’s Ascott buys up an Aussie partner… Read More>>
Seaworld Buyer Said Planning $3B US Senior Living Deal and More Asia Real Estate Headlines
China’s Zhonghong Zhuoye Group first hit the headlines three months ago with its $449 million purchase of a stake in Seaworld from Blackstone. Now the Chinese conglomerate is back in the news with plans for a $3 billion buyout of… Read More>>
Hong Kong Home Sales Jumped 20% in April and More Asia Real Estate Headlines
Hong Kong has the world’s most expensive homes, but the city’s famous unaffordability seemed to only attract more buyers in April, as housing sales rose 20 percent. Also in the news, a Singaporean developer expands its Sydney footprint, and John… Read More>>
Hong Kong Home Sales Jump 44% in March and More Asia Real Estate Headlines
News of rising interest rates bounced off the bulletproof confidence of Hong Kong home buyers last month like facts being flung aside at a Washington press conference, as home sales in the Asian financial hub leapt 44 percent compared to… Read More>>
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