A final resolution to Singapore’s corruption case involving Ong Beng Seng leads today’s review of real estate headlines from around the region, with the tycoon pleading guilty to obstruction of justice. Also in the news, Warburg Pincus is said to… Read More>>
Kerry Properties Net Profit Slumped 75% in 2024 and More Asia Real Estate Headlines
The Kuok family’s Kerry Properties reports a 75 percent drop in full-year net profit despite rising revenue, with those results leading today’s headline roundup. Also in the news, Macquarie-backed Local acquires a Gold Coast apartment project and Chinese data centre… Read More>>
Asia Real Estate People in the News 2024-10-14
A pair of Hong Kong appointments leads this week’s collection of personnel moves from around Asia’s real estate industry with an industrial kingpin joining the board of one of Hong Kong’s biggest commercial developers and the head of an HKEX-listed… Read More>>
Kerry Properties H1 Profit Drops 55% on Markdowns, Homebuying Weakness
Hong Kong’s Kerry Properties said first-half attributable profit fell 55 percent year-on-year to HK$788 million ($101 million), as asset revaluations and poor home sales took a toll on earnings at the builder controlled by the family of Shangri-La Hotel tycoon… Read More>>
Asia Real Estate People in the News 2024-06-17
A senior level move at Kerry Properties leads this week’s collection of personnel moves from around the region as the Hong Kong-listed developer bids goodbye to its deputy CEO. Also making the list is a CEO departure at a Malaysian… Read More>>
Asia Real Estate People in the News 2024-03-25
The latest top-level change at a Canadian pension fund manager leads this week’s roundup of personnel moves in the real estate industry, with reports from the US indicating that new leadership is on the way at Canada’s CPPIB. Also making… Read More>>
Kerry Properties Profit Up 18% on Portfolio Gains
Kerry Properties’ attributable profit rose 18 percent to HK$3.24 billion ($415.8 million) in 2023 as the Hong Kong developer’s investment portfolio gained in value.
Kerry’s underlying profit, which strips out changes in fair value of investment properties and exceptional gains… Read More>>
Asia Real Estate People in the News 2023-10-30
India data centres lead this Halloween edition of People in the News, with a Brookfield – Digital Realty joint venture naming a new chief executive. Also making the list, Bain Capital has lured over a former Goldman exec to lead… Read More>>
Kerry Properties H1 Profit Drops 37% as Asset Sales Slow
Kerry Properties posted a 37 percent year-on-year drop in first-half profit, as the builder controlled by the family of Shangri-La Hotel tycoon Robert Kuok saw results moderate after exceptional gains from selling two Hong Kong warehouses in the prior-year period.
Kerry Properties Breaks Ground on Biggest Shanghai Project Yet
Kerry Properties has broken ground on a project set to provide nearly 93 football fields of finished space in Shanghai’s Huangpu district in what would be its largest development to date in mainland China, the company announced on Wednesday.
The… Read More>>
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