McDonald’s leads the way in Mingtiandi’s roundup of Asia real estate headlines today with news that the company that made Ronald McDonald a household name is putting its Tsim Tsa Shui restaurant on the market for HK$1B ($127 million), with… Read More>>
Wheelock Sells House at Hong Kong’s Peak for HK$720M Four Months After Failed Deal
A house at Mount Nicholson, a high-end development at Hong Kong’s Jardine’s Lookout, has been sold for HK$720 million ($91.73 million), according to local media accounts.
The sale of the house No 16 at Mount Nicholson, which is changing hands… Read More>>
HK Airlines President Quits as HNA Saga Continues and More Asia Real Estate Headlines
HNA’s ongoing Hongkong Airlines saga leads the Mingtiandi roundup of Asia news again today as the financially challenged mainland investment conglomerate plays out its own version of Game of Thrones in the boardroom.
In other news around the region, Guangzhou-based… Read More>>
Hang Lung Said Selling Kowloon Industrial Building for HK$4B
Hong Kong-listed developer Hang Lung Properties is said to have agreed to sell an industrial building in Hong Kong’s Cheung Sha Wan area to a consortium of investors for HK$4 billion ($510 million), according to local media accounts citing sources… Read More>>
HNA Woes Deepen as HK Airlines Auditor Resigns and More Asia Real Estate Headlines
HNA’s turbulent financial trajectory leads the headlines from around Asia today with the news that the auditor at the company’s Hongkong Airlines affiliate has jumped ship, hopefully not taking the last parachute, while there could be stormy weather ahead for… Read More>>
Hong Kong’s Wang On Forms HK$653M JV With KKR for Ma On Shan Shopping Centre
US private equity giant KKR has agreed to take a 50 percent equity interest in a Hong Kong retail asset owned by Wang On Group and its development affiliate Wang On Properties in return for a total consideration of HK$180… Read More>>
Grosvenor Asia Pacific Names Lawrence Tsang as Chief Financial Officer
London-based Grosvenor Group has appointed Lawrence Tsang as chief financial officer of its Grosvenor Asia Pacific division, according to an announcement this week by the property group owned by the UK’s Duke of Westminster and the Grosvenor family.
Tsang joins… Read More>>
Unnamed Mainland Investor Buys Floor of Hong Kong’s the Center for HK$1.1B
Hong Kong tycoon David Chan Ping-chi has taken a step towards cashing out his holdings in the Center on Hong Kong’s Queen’s Road, selling a floor in the office building nearly two years after joining a consortium which acquired the… Read More>>
Angelo, Gordon-Chellaram JV Selling Hong Kong Retail Podium to Wang On for HK$780M
A joint venture between US real estate fund manager Angelo Gordon and a Hong Kong family office serving one of the region’s oldest shipping families has agreed to sell a retail property in the New Territories’ Tseung Kwan O area… Read More>>
HK Home Sales Surge to Eight Year High and More Asia Real Estate Headlines
In our round up of what’s hitting the real estate headlines in Asia today, Hong Kong surges ahead with reports of panic property buying and dubious land payments, but drops behind in the race to be the best investment destination… Read More>>
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