Weave Living on Tuesday announced the formation of a $200 million joint venture with a global institutional investor to acquire the 435-room Rosedale Hotel in Kowloon for HK$1.37 billion ($175.4 million), signalling a dramatic leap in scale for the residential… Read More>>
Chinachem Wins Third HK Site in 15 Months With $350M Tung Chung Bargain Bid
Hong Kong developer Chinachem won its third government land sale in 15 months late last week when it took advantage of a tepid development market to pick up a commercial site near Hong Kong’s international airport at a bargain price,… Read More>>
Sunac China Asks to Extend Payment of $629M Bond and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Sunac China seeks an 18-month extension to redeem an onshore bond, as the developer and five rivals face an indefinite trading suspension on the Hong Kong stock exchange. In Singapore, meanwhile, an ultra-luxury… Read More>>
IWG Opening New Centre at Former WeWork Space in Swire Wanchai Tower
Flexible office giant IWG is preparing to open its 18th Hong Kong outlet and fifth in a former WeWork location in the city, this time in a newly refurbished building owned by blue-chip developer Swire Properties.
Scheduled to open in… Read More>>
Hong Kong EuroCham Says Nearly Half Its Member Firms Mull Leaving the City
The European Chamber of Commerce in Hong Kong has delivered a bleak assessment of the city’s business environment, underscored by the finding that close to half of the group’s member companies plan to fully or partially relocate out of the… Read More>>
China Could Become World’s Largest Rental Housing Market: MTD TV APAC Residential Forum 2022
Mainland China’s rental residential market could grow into one of the largest globally as rising housing prices and a thriving professional class transform housing choices in Asia’s largest economy, industry leaders said in a panel discussion as part of Mingtiandi’s… Read More>>
Hong Kong Home Sales to Hit Six-Year Low Says Cushman & Wakefield
Hong Kong home sales are set to fall to a six-year low in the first quarter of this year, with the city expected to record just 9,187 housing transactions through the end of this month, according to a recent report…. Read More>>
Hysan Closes In on $958M Causeway Bay Project
Hong Kong’s Hysan Development earlier this month took a step towards adding another project to its Causeway Bay kingdom with the reported purchase of a unit in an aging building which backs against its Leighton Centre commercial tower and opens… Read More>>
Hong Kong’s Northern Powerhouse: Gateway to the Greater Bay Sponsored Feature
While Hong Kong’s Northern Metropolis is a vital step towards diversifying and igniting Hong Kong’s economy, it has many facets and managing its realisation is a delicate task. When the plan was outlined during last year’s Policy Address by chief… Read More>>
Hongkong Land Holds Steady as Leasing in Singapore Outperforms Home City
Hongkong Land Holdings saw its underlying profit hold steady at $966 million last year as strong leasing income from its Singapore portfolio helped blunt the impact of weaker performance by its office assets in Hong Kong.
The group’s underlying profit… Read More>>
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