Hong Kong’s New World Development is moving closer to adding a HK$14 billion ($1.7 billion) commercial project to the city’s busiest shopping district, having reportedly applied for a compulsory sale of three adjacent properties in Causeway Bay this month, according… Read More>>
Ivanhoe Selling Canadian Mall to Chinese Investors and More Asia Real Estate Headlines
A pair of mainland investors who were fortunate enough to sell their Shenzhen mall to Link REIT three years ago for nearly $1 billion have just picked up their fourth shopping mall in the Vancouver area, with that story leading… Read More>>
Luxury Brands Head Back Into China’s Lower-Tier Cities and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, consumers in China’s lower-tier cities are embracing global luxury brands, Singapore says foreign buying of homes fell to a 17-year low in 2020, and Thailand approves property tax and fee cuts to… Read More>>
Tenants Flee Hong Kong’s Central District as Office Vacancy Hits 5.6%
Hong Kong’s Central district is witnessing a sharp drop in leasing demand, as corporate occupiers and major retail chains shy away from the cost of operating in the world’s most expensive commercial district.
Office leasing rates fell by 2.4 percent… Read More>>
Causeway Bay Shop Sold at 73% Loss as Virus Wave Menaces Hong Kong
Hong Kong’s retail property market is bracing for turbulent times as a street front shop in the world’s most expensive shopping district was sold at a 73 percent loss.
According to Land Registry records cited by the Hong Kong Economic… Read More>>
Hong Kong Home Sales Hit 13-Month High in June and More Asia Real Estate Headlines
Lower home prices in Hong Kong seem to have rekindled buyer demand as figures showing a 92 percent increase in housing sales lead today’s collection of real estate headlines from around the region.
Despite the rebound in… Read More>>
Eagle Hospitality Trust Manager Investigated and More Asia Real Estate Headlines
An SGX-listed REIT leads the way in Mingtiandi’s roundup of Asia real estate headlines as the directors of the trust manager are probed in connection with suspected breaches of stock exchange disclosure requirements.
In other news around the region, a… 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>>
Bossini Shares Double as Li Ning Eyes Buyout and More Asia Real Estate Headlines
A beleaguered fashion chain leads Mingtiandi’s roundup of Asia real estate headlines today with the news that the company’s share price has rallied on the news that Chinese gymnastics star Li Ning has offered to buy a 67 percent stake… Read More>>
Hong Kong Landlords Squeezed as Retail Sales Fall for 14th Month
Statistics released this week show that consumer spending in Hong Kong fell for the fourteenth consecutive month during March, and the slide in shopping is already squeezing some of the city’s largest landlords.
Link REIT, Wheelock Properties and other owners… Read More>>
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