Neil Anderson has more than 25 years’ experience in the real estate industry, and has worked in Hong Kong for nearly two decades.
Mr Anderson has been a Director and Head of Office, Commercial Property at Hongkong Land since 2010…. Read More>>
Hongkong Land Swings to $582M Loss as Markdowns Bruise Central Portfolio
Regional developer Hongkong Land reported an attributable loss of $582 million for 2023, reversing a year-earlier profit of $203 million, as valuations continued to decline in the group’s hometown office portfolio.
Underlying profit, which ignores the fair-value change of investment… Read More>>
Hongkong Land Names Mapletree’s Smith Chief Executive as Office Slump Continues
The biggest landlord in Hong Kong’s Central district is headed to a second straight year of declining profits and the owner of Exchange Square and Jardine House now plans new leadership in 2024, according to an announcement on Tuesday.
Hongkong… Read More>>
GIC Reportedly Shopping $2B Tokyo Office Tower and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s GIC is said to be seeking a buyer for a Tokyo skyscraper, and a Korean REIT closes in on the acquisition of HSBC’s Seoul headquarters. Also making the list, Korea’s Mirae Asset… Read More>>
Hongkong Land Denies $2B Exchange Square Sale Plan as Savills Sends Flyers
The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of what seems to be a 33-storey mirage.
Property consultancy Savills has prepared a marketing document promoting Three Exchange Square in the… Read More>>
Hongkong Land Declares Loss as Rents Slide, Vacancy Rises in Central Office Portfolio
Hong Kong’s sliding office market is pushing the city’s best known commercial landlord into the red, as Hongkong Land late last week declared a loss attributable to shareholders for the first six months of 2023 of $333 million.
The owner… Read More>>
Hong Kong Builders Cut Home Prices to 2018 Levels and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, big-name Hong Kong developers dangle deep discounts to lure buyers to new projects, and Alibaba’s Cainiao logistics arm replaces one of the banks preparing its IPO. Also making the list is a Greystar… Read More>>
Ronshine China Defaults on $316M Offshore Bond and More Asia Real Estate Headlines
In today’s roundup of regional real estate headlines, a Fuzhou-based builder has defaulted on its latest set of offshore bonds and Dalian Wanda digs in for a fight after a court froze shares in the group’s property management unit. Also… Read More>>
Hongkong Land Says Q1 Underlying Profit Dipped, Touts Retail Rebound
Hongkong Land’s underlying profit fell in the first quarter of 2023, from year-earlier levels, as fewer sales completions in mainland China reduced its development income.
The contribution from investment properties was marginally above that of last year’s same period, with… Read More>>
Jiayuan Ordered to Liquidate After Losing Wind-Up Case and More Asia Real Estate Headlines
In today’s roundup of regional headlines, Jiayuan International becomes the third Chinese builder to lose a winding-up case, and the heir apparent to Singapore’s prime minister tries to calm property price jitters. Also making the news, China home prices inch… Read More>>
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