Sovereign funds, Swiss banks and French châteaux feature in today’s real estate headlines from around the region as China’s CIC is said to have found a new chief among the ranks at the country’s Bank of Communications, and finance heavyweight… Read More>>
Chinese Estates Owners Buy $1.1B of Evergrande Bonds
Chinese Estates Holding director Kimbee Chan Hoi-wan and members of her husband Joseph Lau’s family purchased a third of $3 billion in senior unsecured bonds issued by China Evergrande Group late last month, swelling the clan’s portfolio of the top-three mainland… Read More>>
Singapore’s UOL Sees Net Profit Slide in Q3 and More Asia Real Estate Headlines
Leading today’s set of real estate headlines from around the region, Singapore’s UOL announced an 85 percent drop in net profit after a recent consolidation, plus the fugitive boss of one of Hong Kong’s largest developers is still free to… Read More>>
New World to Build Hospitals with Tencent’s We Doctor and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, mainland tech giants continue to build partnerships with the region’s biggest builders, with New World Developments new deal to build hospitals in the mainland and Hong Kong with Tencent-backed online healthcare service provider… Read More>>
Chinese Estates Recorded 42% Drop in Profits Last Year and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, tycoon Joseph Lau may fly high in his private 787, but his company, Chinese Estates, hit a downdraft last year that pulled profits down 42 percent in 2017. Also in the headlines, saw… Read More>>
Seven of Hong Kong’s Ten Richest People are Real Estate Developers and They Own Half the City
Seven of Hong Kong’s ten wealthiest people and almost half of the city’s top billionaires made their fortunes in real estate, according to the latest annual ranking of the city’s 50 richest people by Forbes.
Thanks to a roaring real… Read More>>
Chinese Estates Builds HK$27B Evergrande Stake and More Asia Real Estate Headlines
Joseph Lau’s Chinese Estates got some good news this week as the developer’s stake in China Evergrande now is worth more than its own Hong Kong market cap. Also in the headlines, China’s suppression of housing demand means that sales… Read More>>
Chinese Estates Buys Listed London Building for ₤175M
Reports of Brexit doom and snap elections are attracting more Asian buyers to UK real estate, with Hong Kong billionaire Joseph Lau’s Chinese Estates becoming the latest to scoop up discounted assets in London.
Lau’s Hong Kong-listed development company has… Read More>>
Cindat to Invest $2 Bil in Senior Care and More Asia Real Estate Headlines
Back home on the mainland, China’s fastest growing private equity real estate investors is shopping around for healthcare opportunities and the country’s biggest computer maker is dumping real estate. Elsewhere around the Internet, GIC is buying in India and Australia,… Read More>>
Ralph Lauren Closes HK Flagship Store in Luxury Letdown and More Asia Real Estate Headlines
Ralph Lauren may be an American legend, but his Hong Kong flagship store will soon be a local memory as the US fashion brand adapts to the city’s struggling luxury market. Also in the news today, Savills Investment Management disposes… Read More>>
