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>>
Asia Real Estate People in the News 2023-03-13
The passing of a global architecture giant leads this week’s round of personnel updates on Mingtiandi, as KPF mourns the death of one of its founders. Also making the list is a new chief executive for Singapore’s Surbana Jurong, a… Read More>>
Hongkong Land Says 2022 Underlying Profit Fell 20% on Mainland China Troubles
Regional developer Hongkong Land said its underlying profit in 2022 fell 20 percent year-on-year to $776 million on declining contributions from residential projects in mainland China.
According to Hongkong Land’s preliminary results issued Thursday, the group’s profit attributable to shareholders… Read More>>
China South City Sells Off Xi’an Projects and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, developer China South City sells down its stake in some Xi’an developments, India’s Phoenix Mills buys land for a future mall project, and Asia’s dollar-denominated junk bonds rally.
China South… Read More>>
Hongkong Land Leases Two Central Retail Floors to Sotheby’s
Hongkong Land on Thursday announced that international auction house Sotheby’s has agreed to lease 24,000 square feet (2,229.6 square metres) of space at Landmark Chater, the three-storey retail podium of Central’s Chater House, with analyst sources who spoke with Mingtiandi… Read More>>
Invesco Relocates to Jardine House in Central, UBS Moves Office to West Kowloon
US asset manager Invesco is shifting its Asia Pacific headquarters to Hongkong Land’s Jardine House and UBS will take an anchor space in Sun Hung Kai Properties’ West Kowloon rail terminal project as global financial giants align their corporate homes… Read More>>
Hongkong Land Swings to H1 Profit, Cautious on Full-Year Results
Hongkong Land posted a first-half profit attributable to shareholders of $292 million, reversing a year-earlier loss of $865 million, but the builder remains lukewarm on the full-year outlook as anti-COVID measures roil office leasing in its home patch and sporadic… Read More>>
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