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>>
Hong Kong Government Tests Waters With Residential Land Tender After MTR Plot Sale
Following last month’s successful sale of a Lantau Island residential site by MTR Corp, the Hong Kong government plans to relaunch its tender of a nearby plot as its sole piece of land to go up for sale during the… Read More>>
CK Asset Bid for Hong Kong Project Rejected and More Asia Real Estate Headlines
Hong Kong builder CK Asset’s bid for a Kowloon commercial site gets shot down by authorities, with that setback leading today’s headline roundup. Also making news, China Vanke reports another massive quarterly loss and CapitaLand Ascott Trust posts an 8… Read More>>
Chinachem Wins Hong Kong Site Tender With $131M Bid and More Asia Real Estate Headlines
Locally based builder Chinachem has been awarded a residential site in Hong Kong’s New Territories, with that story leading today’s headline roundup. Also making the list, GLP cancels a bond sale over insufficient demand and Mapletree Industrial Trust completes a… Read More>>
SHKP Buys Hong Kong Housing Site at Half-Off 2022 Pricing as Market Slide Continues
Despite drawing 11 bids from interested developers, a residential site in Hong Kong’s New Territories sold for less than half of 2022 rates this past week, as the city’s housing market continues to slide.
A unit of developer Sun Hung… Read More>>
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