Asia Pacific data centres lead Mingtiandi’s look at real estate news from around the region today as a US private equity firm is said to be putting BDx on the market. Quebec also makes the headlines as it searches for… Read More>>
Hong Kong’s Chinachem Wins New Territories Residential Site With $320M Bid
Hong Kong builder Chinachem Group on Tuesday was awarded a government tender for a New Territories residential plot after placing a bid of HK$2.48 billion ($320 million).
Situated at the corner of Wing Shun Street and Texaco Road in Chinachem’s… Read More>>
Hong Kong Tests Developers’ Data Centre Appetites with Northern Metropolis Tender
The Hong Kong government is set to test developer appetites for digital infrastructure projects with the launch late last week of a tender for a data centre project across the border from Shenzhen which would require the winning bidder to… Read More>>
Hong Kong Tests Market with Tender for Kowloon Residential Site
The Hong Kong government will launch a small Kowloon residential site for tender before the end of this year, testing developer appetites for new projects in the city after having held back urban housing plots in the previous two quarters.
New World Seeks Rent Cut on Hong Kong Airport Mall and More Asia Real Estate Headlines
New World Development leads this Monday collection of headlines from around the region, as the embattled builder seeks relief from rent guarantees at its Hong Kong airport mall. Also in the news, Singapore’s Metro Holdings says no deal has been… Read More>>
Hong Kong to Halt Commercial Land Sales in Attempt to Cure Office Slump
Hong Kong will put commercial land sales on hold for the coming financial year, the city’s financial secretary Paul Chan Mo-po announced on Wednesday, citing “considerable challenges” afflicting the sector and high vacancy rates.
“In view of the high vacancy… Read More>>
Mapletree $473M Buy of Hong Kong Logistics Site Marks 57% Discount from 2022
Singapore’s Mapletree Investments has won a warehouse site near Hong Kong’s Kwai Chung Container Terminals at a price 57 percent below what a nearby site sold for in 2022, as declining port activity undermines logistics demand in the Asian commercial… Read More>>
Sun Hung Kai $77M Residential Buy Marks Cheapest Hong Kong Land Sale in 11 Years
Sun Hung Kai Properties has won a site near Hong Kong’s international airport at the lowest price in more than a decade, after the Hong Kong government conducted a second tender of the residential plot.
Hong Kong’s largest builder by… Read More>>
Hong Kong Court Orders Liquidation of Evergrande Unit and More Asia Real Estate Headlines
A unit of bankrupt builder China Evergrande has received a liquidation order from a Hong Kong court, with that story leading today’s headline roundup. Also in the news, four developers submit bids for a site near Hong Kong’s international airport… Read More>>
Ambani Said Planning 3GW India Data Centre and More Asia Real Estate Headlines
Billionaire tycoon Mukesh Ambani bids to build the world’s biggest data centre in India, with that story leading today’s headline roundup. Also in the news, a Hong Kong residential site attracts big-name developers and Japan’s central bank hikes rates to… Read More>>
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