A son of the chairman of Shenzhen developer Kaisa Group Holdings failed in a bid to wrest control of troubled Hong Kong finance firm Convoy Global Holdings this past week, as a shareholders meeting was halted after just ten minutes.
Hong Kong Cuts Stamp Duty on Non-Residential Property to Revive Market
Hong Kong’s moribund commercial property market is getting a much needed lifeline. After widespread chatter about Chief Executive Carrie Lam and her council considering elimination of the seven-year-old supplementary stamp duty on commercial property, the city’s top leader made the… Read More>>
Singapore Trounces Hong Kong in ULI APAC Real Estate Investment Poll
The long-running Singapore-Hong Kong rivalry may be over for many property investors in the region, with the Lion City trouncing its competitor to the north, according to a report released this week.
Southeast Asia’s wealthiest nation topped the list of… Read More>>
Gap Shuts Central Store as It Closes Up Shop in Hong Kong
US fast fashion retailer Gap is closing its doors in Hong Kong as it follows through on plans to shut its remaining stores in the world’s most expensive retail market by the end of November, according to Apple Daily.
The… Read More>>
Record Number of HK Buyers Abandon Home Purchases and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, Hong Kong homebuyers are walking away from deals at a record clip, Chinese online property platform KE raises $2.1 billion in a share sale, and a Chinese investment group withdraws its bid… Read More>>
HSBC to Let HK Staff Work at Home Four Days a Week and More Asia Real Estate Headlines
In today’s roundup of news headlines, HSBC prepares to let Hong Kong staff work as many as four days a week from home, giant Singaporean developer CapitaLand clenches green loans to finance tech parks in India, and an SL Green-led… Read More>>
Home on Hong Kong’s Peak Sells at $4.5M Loss
A house on tony Barker Road in Hong Kong’s luxury district on The Peak has sold for HK$530 million ($68.4 million), representing a loss of HK$35 million, the Hong Kong Economic Times reported, as luxury prices in the SAR are… Read More>>
CapitaLand to Triple China New Economy Assets and More Asia Real Estate Headlines
In our latest roundup of regional news headlines, giant Singapore developer CapitaLand plans stepped-up investment in properties serving China’s fast growing tech sector, e-commerce behemoth Amazon eyes a 30 percent stake in a Korean peer, and Airbnb takes a major… Read More>>
Swire Tower Sale Leads Upswing in Hong Kong Commercial Deals
Hong Kong’s battered investment sector is showing signs of life as a recent series of transactions, headlined by Swire Properties’ sale of a Taikoo office tower to Gaw Capital Partners and Schroders Pamfleet, hint at growing investor confidence.
With good… Read More>>
Evergrande $3B Services IPO Approved and More Asia Real Estate Headlines
In the week’s final roundup of regional news headlines, one of China’s most indebted developers had taken another step toward securing some fresh cash as China Evergrande wins approval for its $3 billion Hong Kong property management IPO. Also in… Read More>>
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