In today’s roundup of regional news headlines, Hong Kong’s retail slump claims another victim as Sogo prepares to close its Tsim Sha Tsui store after 18 years in business, and top mainland developer Country Garden reportedly secures funds to avert… Read More>>
Evergrande Founder to Miss Political Meeting and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Evergrande boss Xu Jiayin is tipped to be a no-show at China’s annual policy meeting as the embattled developer loses control of a Qingdao theme park, while Beijing plans to set up a… Read More>>
Hong Kong Dept Store Owner Closes In on $307M Buy of BP’s London HQ
Hong Kong-listed Lifestyle International Holdings is close to signing a deal to purchase BP’s London headquarters at posh 1 St James’s Square for a reported £235 million ($307 million), as investors from the Asian financial hub continue to favour London… Read More>>
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>>
Blackstone Boss Predicts New China Views for Trump and More Asia Real Estate Headlines
At the top of today’s headlines, the head of private equity giant Blackstone sees America’s new president revising his views on China’s currency policies. Also in the news, Hong Kong’s housing-starved residents continue to line up for new homes, while… Read More>>
HK Land Wars Rage as Sogo Operator Pays Record $952M for Kai Tak Site
While Hong Kong’s Lifestyle International is best known for putting on sales at its Sogo department stores, the publicly listed company has been doing a bit of shopping of its own in the city’s red-hot real estate market.
The department… Read More>>