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HK Hotel Room Rates Plunge 46% As Vacancy Soars and More Asia Real Estate Headlines

2019/11/13 by James Hatton Leave a Comment

Discounted room rates lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Hong Kong’s hotels are suffering as visitors stay away from the teargas-filled Asian financial hub.

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

Centaline Commercial wong wai kee

Hong Kong Retail Leasing Dropped 43% in October Says Agency Report

2019/11/12 by Jan Kot Leave a Comment

Buildings made of concrete and steel are feeling the impact of the estimated 6,000 rounds of teargas released on the streets of Hong Kong in recent months, as a newly released report shows that the city’s descent into a police… Read More>>

Christian-Lee WeWork

WeWork Said Looking for Exit From Half-Dozen Hong Kong Centres

2019/11/07 by James Hatton Leave a Comment

WeWork has backed out of an agreement to occupy space in Hong Kong’s Hopewell Centre even before it got a chance to move in, according to sources familiar with the decision who spoke with Mingtiandi.

The troubled co-working pioneer is… Read More>>

Henry Cheng New World

New World Aims for Residential Redevelopment with HK$458M Kowloon Tong Buy

2019/11/06 by James Hatton Leave a Comment

New World Development has acquired a set of flats in an upscale neighbourhood of Hong Kong for a combined HK$458 million ($58 million), as the developer closes in on another potential redevelopment project.

Land Registry documents reveal that 16 flats… Read More>>

Kerry Picks Up 26% of Hong Kong Co-Working Hub for HK$500M

2019/11/04 by James Hatton Leave a Comment

Kerry Properties, a Hong Kong-listed developer controlled by Shangri-La Hotels founder Robert Kuok, has acquired 26 percent of an industrial building in Hong Kong’s southern district for HK$499.7 million ($64 million), according to a local media report citing government filings.

… Read More>>

Kerry Properties Buys Apartment Block in Western Hong Kong for HK$514M

2019/10/31 by James Hatton Leave a Comment

Kerry Properties, the Hong Kong-listed developer controlled by Shangri-La Hotels founder Robert Kuok, has acquired a block of flats in the city’s western district for a combined HK$514 million ($66 million).

Kerry, which is known for its Kerry Centre commercial… Read More>>

Evergrande Sends Humbled Coach Cannavaro for Re-Education and More Asia Real Estate Headlines

2019/10/29 by James Hatton Leave a Comment

A mainland developer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the company has banished the boss of its football team after a string of bad results.

In other news around the… Read More>>

Kerry, Swire, Sino Land Win MTR Site in Hong Kong for Reported HK$6.8B

2019/10/28 by James Hatton Leave a Comment

Hong Kong’s MTR Corporation has awarded a residential development in a southern district of the city to a consortium formed by Kerry Properties, Swire Properties, and Sino Land.

The trio of local developers is reported to be paying a HK$6.76… Read More>>

Theo Novak JLL

JLL Names Theo Novak Head of International Investments for Greater China

2019/10/28 by Michael Cole Leave a Comment

Property consulting firm JLL has stepped up its efforts to serve cross-border real estate investors in the region with the company indicating to Mingtiandi today that it has appointed veteran capital markets broker Theo Novak as Head of International Investments… Read More>>

esr IPO

ESR Upsizes IPO to HK$12.6B as Investors Warm to Warehouses

2019/10/27 by Michael Cole Leave a Comment

ESR Cayman has opted to upsize its IPO by 15 percent, according to news reports over the weekend, as investor demand for shares in the warehouse developer and fund manager exceeds the company’s original targets.

With the Warburg Pincus-backed company… Read More>>

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