Dubious sales lead the way in Mingtiandi’s roundup of Asia real estate headlines today with some strange trends in Hong Kong home sale prices leading some analysts to suspect fraudulent transactions being recorded to take advantage of new housing policies… Read More>>
Softbank Expects $6.6B Loss on WeWork and More Asia Real Estate Headlines
Masayoshi Son’s Softbank leads Mingtiandi’s collection of real estate stories today as the Japanese tech investment firm announces that it expects to record a $6.6 billion loss on its gamble on ill-fated co-working provider WeWork.
Also in the headlines, 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>>
Hongkong Land Pays Record RMB 31B for Site in Shanghai’s Xuhui District
In the midst of one China’s most acute economic setbacks in the last two decades, the biggest landlord in Hong Kong’s Central district has agreed to pay a record RMB 31.05 billion ($4.48 billion) for a development site in Shanghai’s… Read More>>
CLSA Renews Pacific Place Lease Despite Report of Conflict and More Asia Real Estate News
Tales of Hong Kong turmoil lead Mingtiandi’s collection of real estate news today as Hong Kong brokerage has renewed its lease at a Swire property in the city despite reports of pressure from its mainland parent to steer clear of… Read More>>
Hongkong Land Posts Half-Year Underlying Profit of $466M
Hongkong Land, known as the biggest landlord in Hong Kong’s Central district, has posted half-year underlying profits of $466 million, a two percent increase on the same period last year, according to a stock exchange announcement.
“The solid performance from… Read More>>
Asia Real Estate People in the News 2019-07-29
In this week’s edition of People in the News, the chief executive officer of the Indian arm of Emaar Properties hands in his resignation after thirteen months, citing personal reasons.
In other fresh moves around the region, a fund manager… Read More>>
Buyer of Wanda’s Aussie Projects Kicked Out of Australia and More Asia Real Estate Headlines
The buyer of Dalian Wanda’s Australian projects may be watching their development from a distance after Huang Xiangmo, a Chinese billionaire who became one of Australia’s biggest political donors had his citizenship application rejected and his residency permit revoked down… Read More>>
Hongkong Land Said Suing HNA for HK$8.3M in Unpaid Office Fees
Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office that was never occupied, according to a report in the South China Morning Post.
A unit of Hongkong Land is suing HNA Group after… Read More>>
Hongkong Land Says Central Rents Should Stay High and More Asia Real Estate Headlines
At the top of today’s news, the owner of most of the prime sites in Hong Kong’s priciest district remains confident that Central is still a good location, while down in Singapore, home prices continued to slow in September and… Read More>>
