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Hong Kong Developers Cut Condo Launches 93% as Demand Disappears

2020/03/05 by James Hatton Leave a Comment

Developers are holding off from launching new residential projects in Hong Kong amid a property slump in the Asian financial hub that has been exacerbated by the coronavirus outbreak, according to JLL.

The property consultancy said that developers added just… Read More>>

ritesh agarwal Oyo

Oyo Said Cutting 60% of China Workforce and More Asia Real Estate Headlines

2020/03/04 by James Hatton Leave a Comment

A Softbank-backed hotel platform leads the way in Mingtiandi’s roundup of Asia real estate headlines today with a report that the Indian firm plans to cut 60 percent of its workforce in China.

In other news around the region, a… Read More>>

Sun Hung Kai Properties chairman Raymond Kwok

SHK Hotel Business Takes a Beating and More Asia Real Estate Headlines

2020/03/01 by James Hatton Leave a Comment

Hong Kong’s biggest developer by value leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company’s hotels business took a pounding in the second half of last year, with the group’s chairman… Read More>>

Adrian Cheng New World

New World Sells Stakes in Hong Kong Malls to MTR for HK$3B

2020/02/27 by James Hatton Leave a Comment

New World Development has sold its ownership interest in a pair of mid-market Hong Kong community malls to MTR Corporation for HK$3 billion ($380 million), according to a company announcement.

The developer said that it was disposing of its 50… Read More>>

Logos property Fengxian

ARA, Logos Deal Gets Green Light and More Asia Real Estate Headlines

2020/02/27 by James Hatton Leave a Comment

Logistics leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s competition watchdog has given the go-ahead for the proposed merger of ARA Asset Management’s logistics business into the operations of a leading… Read More>>

JLL Alex Barnes

Virus Drives Office Vacancy in HK’s Central District to Highest Level Since 2014

2020/02/25 by James Hatton Leave a Comment

Adding illness to injury, the coronavirus outbreak has brought vacancy in the world’s most expensive office location to its highest level in over five years, according to a report this week from JLL.

The property consultancy said that vacancy rates… Read More>>

China housing

Developers Scramble for Cash as Virus Hits Cashflow and More Asia Real Estate Headlines

2020/02/19 by James Hatton Leave a Comment

Stalling home sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that mainland developers are scrambling for cash in a liquidity crunch triggered by the coronavirus outbreak.

In other news around… Read More>>

Discounted Site in HK’s Lohas Park Pulls 9 Bids and More Asia Real Estate Headlines

2020/02/05 by James Hatton Leave a Comment

The sale of a residential plot leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that nine bids were submitted for a heavily discounted site in Hong Kong’s New Territories.

In other news around… Read More>>

Ikea Shuts Down China Shops Amid Virus Fears and More Asia Real Estate Headlines

2020/01/30 by James Hatton Leave a Comment

Ready-to-assemble furniture leads the way in Mingtiandi’s roundup of Asia real estate headlines with the news that the world’s largest retailer of flat-packed tables and chairs has temporarily closed all of its stores in China amid the coronavirus outbreak.

In… Read More>>

ivan ho kailong

Kailong Grabs Kowloon Site for HK$448M, Readies for Tsim Sha Tsui Project

2020/01/28 by Michael Cole Leave a Comment

Kailong Real Estate is preparing to start work on its latest Hong Kong project after purchasing a pair of ageing buildings in the Tsim Sha Tsui district of Kowloon, according to the firm’s top executive in the city.

A joint… Read More>>

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