A cash-strapped beauty products retailer leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the Hong Kong-listed chain has axed 75 jobs and slashed salaries by up to 40 percent in the city.
Mainland Tenants Dominate HK Luxury Home Rentals and More Asia Real Estate Headlines
Leading our collection of news from around the region today, mainland corporates may have slowed down in the race to occupy Hong Kong’s prime office space but some of these same companies are now taking over in the competition to… Read More>>
New World 1H Profit Jumps 29% and More Asia Real Estate Headlines
Both a Hong Kong and a mainland China property company are reporting good news today, with New World Development recording a 29 percent hike in core profit over a six month period, while Dalian Wanda successfully floated a $300 million… Read More>>
Mainland Developers Issue $8.6B in Offshore Bonds and More Asia Real Estate Headlines
China’s real estate market is slowing and the country’s biggest developers have reacted by borrowing more cash from overseas markets as government controls continue to restrict home sales. Also in the news today, JP Morgan joins the analyst choir predicting… Read More>>
Shu Qi Sells $2.2M Hong Kong Home at a Loss and More Asia Real Estate Headlines
Movie star Shu Qi is a familiar face representing products from shampoo to long underwear in China, now the actress may become a symbol of Hong Kong’s sliding housing market as news of her loss-making home sale leads today’s headline… Read More>>
China’s Capital Controls Boost Domestic Property Demand and More Asia Real Estate Headlines
Leading today’s real estate headlines, the Wall Street Journal rediscovers China’s property market, and WeWork follows up on its $500 million China fund raising by announcing plans to double the size of its India footprint. And one of Hong Kong’s… Read More>>
How China Won Control of a Sri Lankan Port and More Asia Real Estate Headlines
China’s Belt and Road initiative leads the region’s real estate news again today as a report deals how the global infrastructure program has led to mainland control of strategic infrastructure in Sri Lanka. Investors of a smaller scale are also… Read More>>