Asia Pacific real estate investment news and information
With Hong Kong’s real estate giants continuing to face pressure from falling property values, Henderson Land Development on Tuesday announced it is raising HK$8 billion ($1.02 billion) in convertible bonds.
The bonds which mature in July 2030 will bear a… Read More>>
Grand Ming Group is seeking waivers from lenders after the Hong Kong developer breached financial covenants governing HK$4.8 billion ($610 million) in outstanding loans, in the latest distress signal for the city’s embattled builders.
The company led by chairman Chan… Read More>>
Goodman Group on Friday announced the creation of a $2.7 billion private investment vehicle focused on the Hong Kong data centre market, with the Australian industrial specialist signing up a roster of global institutional partners to back the initiative.
The… Read More>>
Hong Kong’s New World Development on Monday announced the successful refinancing of HK$88.2 billion ($11.2 billion) in offshore debt, as well as the resignation of third-generation scion and former CEO Adrian Cheng from the family-controlled builder’s board of directors.
New… Read More>>
Shares of Emperor International, the Hong Kong-listed development subsidiary of Emperor Group, tumbled 11.8 percent Monday after the company’s annual results showed overdue loans totalling HK$16.6 billion ($2.1 billion).
Emperor International made the disclosure in a filing late Friday as… Read More>>
Bain Capital is set to add another city to its Asia data centre network with the US fund manager in exclusive talks to acquire a pair of Hong Kong projects for up to HK$2.15 billion ($274 million).
Having already established… Read More>>
With Hong Kong home prices down 30 percent from their peak seven years ago, several drivers are pointing to a bottoming in the finance hub’s residential market, according to Morgan Stanley’s head of Hong Kong real estate research.
Indicators include… Read More>>
As it struggles to refinance around $11 billion in debt amidst a declining property market, Hong Kong giant New World Development is reimagining a 28-storey commercial project in the heart of the city’s Tsim Sha Tsui tourist area.
After receiving… Read More>>
A floor in a commercial tower which once set the record for Hong Kong’s most expensive office is now a contender to be named the city’s greatest loss of value as distressed sales become the norm in Asia’s most expensive… Read More>>
Nearly four years after paying a record HK$50.8 billion (then $6.5 billion) for a waterfront site in Hong Kong’s Central district, Henderson Land Development has signed what it describes as the biggest lease deal in decades in the city’s traditional… Read More>>
