Asia Pacific real estate investment news and information
Wharf Real Estate Investment Company recorded a net profit of HK$1.78 billion (US$227.92 million) in the first six months of 2023, a turnaround from a HK$1.53-billion loss a year ago as Hong Kong’s reopening has brought back big-spending tourists.
In… Read More>>
The price for a developer to maintain occupancy in a prime office property in Hong Kong’s declining market might just be a 12 percent rent cut, according to operating statistics released by one of the city’s top commercial landlords late… Read More>>
Warburg Pincus-backed Weave Living has launched the latest location for its Weave Studios line in western Hong Kong island’s Sai Ying Pun area, marking its tenth location across Asia Pacific as the rental housing investor and operator continues to expand… Read More>>
Two years after buying an industrial asset in Hong Kong’s Kwai Chung district as its first major acquisition in the city, ESR has secured a HK$1.6 billion ($205 million) sustainability-linked loan to finance conversion of the former cold storage facility… Read More>>
Hong Kong’s sliding office market is pushing the city’s best known commercial landlord into the red, as Hongkong Land late last week declared a loss attributable to shareholders for the first six months of 2023 of $333 million.
The owner… Read More>>
In today’s roundup of regional news headlines, a residential site in Hong Kong’s New Territories changes hands at a big discount, and China appoints a new governor of the nation’s central bank. Also making the list are reactions to the… Read More>>
Flexible office giant IWG is adding four new centres in Hong Kong after taking over the last location in the city of a one-time Chinese rival to WeWork and launching three new locations on Hong Kong Island.
IWG last month… Read More>>
Li Ka-shing’s CK Asset said Thursday that a deal to sell its 21 Borrett Road luxury project in Hong Kong’s Mid-Levels to Sino Suisse fell through after the Singapore-based firm failed to make the first payment on the HK$20.8 billion… Read More>>
Rising interest rates and a waning economic recovery in China weighed on Hong Kong’s residential, investment and land markets in the first half of the year, but the retail sector picked up notably after the February border reopening, according to… Read More>>
Hong Kong’s central bank late Friday eased down-payment requirements for some home purchases, aiming to reboot the weak housing market after a prior relaxation of stress-testing rules failed to foster a sustained turnaround.
For residential properties for self-occupation, the new… Read More>>
