Shoppers have disappeared from the streets of Hong Kong, and with retail sales dropping, some store owners in Asia’s most expensive city have resorted to selling the shop.
A store along Nathan Road in Mongkok — normally one of Hong… Read More>>
Henderson Land Underlying Profit Drops 26% in 2019 and More Asia Real Estate Headlines
A Hong Kong developer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company controlled by the family of the city’s richest man posted a 26 percent drop in underlying profit to… Read More>>
Goldin Looks to Offload HK$8.9B Kai Tak Plot As Residential Values Slide
Goldin Financial Holdings is hoping to offload a piece of land which had once been part of the runway of Hong Kong’s former airport, as a property slump in the Asian financial hub has been intensified by the virus pandemic.
Softbank Backs Away From Buying $3B in WeWork Shares, Cites China Restructuring
Softbank has reportedly pulled back from buying $3 billion in WeWork shares from existing shareholders, citing legal investigations of the company’s management and a possible restructuring of the co-working giant’s China business.
The Japanese investment firm sent a letter to… Read More>>
Public Storage Backs Out of Aussie REIT Buyout and More Asia Real Estate Headlines
A binned self-storage deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the highest bidder for an Australian REIT is said to have backed out of the deal, citing market conditions, having… Read More>>
Empty Kowloon Shop Sold at 41% Loss as HK Retail Falls Victim to Virus
A shop in Hong Kong’s Tsim Sha Tsui shopping district has been sold at a more than 41 percent loss as the city’s virus control measures crimp retail sales and push down commercial rents.
A property investment firm believed to… Read More>>
Blackstone Calls Off A$800M Aussie Shed Sale and More Asia Real Estate Headlines
An abandoned sale leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a US private equity giant has shelved its plan to sell a portfolio of Aussie logistics assets valued at A$800 million… Read More>>
Mirae Selling Chicago Office Tower for $225M and More Asia Real Estate Headlines
A Chicago office block leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a South Korean investor is offloading the 31-storey property for $225 million – just $7 million more than its acquisition… Read More>>
First Group Acquires Kowloon’s Centennial Building for HK$790M
Hong Kong developer First Group Holdings has signed a sale and purchase agreement to acquire a commercial site in New Kowloon for a reported HK$790 million ($102 million), as the firm tries to follow up on earlier successes in the… Read More>>
Hongkong Land Posts 4% Rise in Profit, Warns of Virus Hit for 2020
Hongkong Land, the biggest landlord in Hong Kong’s Central district, saw its underlying profit rise to a record $1.1 billion last year, but warned this month that the coronavirus outbreak would hit the firm’s business in 2020.
The division of… Read More>>
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