Hong Kong’s world-leading office rents continue to encourage multinationals to migrate to the city’s emerging business districts with engineering and consumer products powerhouse 3M said to be the latest global firm to flee Hong Kong Island for newer buildings with… Read More>>
Hong Kong Retail Real Estate Transactions Fall 47% in August
The uncertainties of the US-China trade war negotiations and the political turmoil in Hong Kong have combined to cool down investor interest in Hong Kong’s property market, with sales of retail real estate bearing the brunt of investor reluctance… Read More>>
HKMA Buys 25% Stake in A$1.8B Aussie Development and More Asia Real Estate Headlines
Hong Kong leads the way in Mingtiandi’s roundup of real estate headlines today with the news that the city’s monetary authority has bought a 25 percent stake in a commercial development in Sydney, spending $304 million overseas while protests continue… Read More>>
Phoenix Property Said to Delay Fund Closing to Boost Cap to Over $1B
Phoenix Property Investors is said to have postponed the final closing of its latest opportunistic real estate fund to allow time to lock in more capital, after already hitting its $900 million target.
Sources cited by PERE said that a… Read More>>
China Vanke Buys Site in Hong Kong’s North Point for HK$580M
Mainland developer China Vanke on Thursday acquired a HK$580 million ($74 million) site in Hong Kong’s North Point neighborhood that is earmarked for a commercial or mixed-use development.
The company’s Vanke Property (Hong Kong) arm picked up the 4,300-square-foot (3,995-square-metre)… Read More>>
Singapore REIT Launches S$102M Offering to Fund Aussie Buy and More Asia Real Estate Headlines
Australia leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a Singapore-listed REIT has launched a preferential offering to raise funds to acquire a grade A office in Adelaide.
In other news around the… Read More>>
China Mobile Leases Floor in Kowloon Commerce Centre to Expand 5G Service
Hong Kong’s office market may be mired in a slowdown, but one of mainland China’s biggest telecom providers is committing to more space in the city as it gets ready expand its 5G mobile service.
Telecom giant China Mobile has… Read More>>
Li Ka-Shing’s CK Asset Tells Hong Kong Hotel Staff to Take Unpaid Leave
A property conglomerate owned by Hong Kong’s richest man is taking care to conserve its cash amidst the city’s current economic challenges, by putting staff at many of its hotels on unpaid, leave according to local media reports.
CK Asset… Read More>>
Office Vacancy in Hong Kong’s Central District Rises to 3-Year High
Vacancy in Hong Kong’s normally red-hot Central office market, which boasts the most expensive commercial property in the world, rose to a three-year high in July amid increasing economic uncertainty, according to JLL’s latest Property Market Monitor report.
The property… Read More>>
HNA Group Gets Help to Repay Dollar Bond and More Asia Real Estate Headlines
A backfiring conglomerate leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the debt-laden company that had golf courses seized four months ago is said to have received help to repay a $300… Read More>>
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