With uncertainty plaguing Hong Kong’s economy as political unrest and the lingering effect of the coronavirus pandemic continues to hamper business, rents slid 2.2 percent in May and vacancies reached numbers not seen since the global financial crisis of 2008.
In this week’s edition of People in the News, workspace sharing giant WeWork expands the role of a company director in Shanghai, while Barings snaps up a longtime Challenger Real Estate hand to head its Asia Pacific real estate operations… Read More>>
Hong Kong-listed developer Vantage International has agreed to acquire an apartment building in Mong Kok for HK$330 million ($42.6 million), according to a local news report yesterday.
The company, which is part of the Vantage Group alongside its Able Engineering… Read More>>
Asia’s real estate markets have reawakened in May with the world’s largest brokerages handling a string of investment and leasing transactions in Hong Kong, mainland China and Singapore after deals came to a near halt during April, according to data… Read More>>
Goldin Financial Holdings has agreed to sell a residential site on Hong Kong’s former airport at a HK$2.6 billion ($340 million) loss, as the company seeks to free up cash amid a downturn in the Asian financial hub.
The financial… Read More>>
Alibaba has agreed to acquire a 50 percent stake in Singapore’s AXA Tower in a deal that values the landmark office property at S$1.68 billion ($1.2 billion) in one of the few major transactions the city has seen this year.
New Zealand is among the smaller real estate markets in Asia Pacific, but a warehouse transaction in the island nation last month may point to a new trend of corporate property owners teaming with fund managers to unlock capital this… Read More>>
Commercial real estate investment in Asia Pacific collapsed in the first quarter of the year — falling 34 percent from the same period in 2019 — to record an aggregate transaction value of just $29.5 billion for the period, according… Read More>>
After a mandated shutdown due to the COVID-19 pandemic, a small factory making fitness accessories in China’s Hunan province roused back to life in late February. New measures mandated the wearing of protective gear, like masks, but otherwise production was… Read More>>
Shanghai grade A office rents continued to slide during the first quarter of the year as the COVID-19 induced downturn dragged on leasing rates, according to reports from some of the world’s largest property consultancies.
Grade A office rents in… Read More>>