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 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>>
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>>
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>>
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 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>>
China’s Evergrande Real Estate set a new record for acquisition of a Hong Kong office building last week by purchasing the Mass Mutual Tower in Wanchai from Joseph Lau’s Chinese Estates for HK$12.5 billion ($1.61 billion).
The sale of the… Read More>>
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Chinese Estates Boss Buys Record $48M Diamond for Daughter
A Hong Kong billionaire spent a record $48.4m buying an 12.03-carat diamond… Read More>>