China Evergrande’s recent episode involving a disputed plea for government assistance may have spooked the company’s creditors, as reports circulate this week that some of the developer’s biggest lenders are cutting back on loans and other credit to the chronically… Read More>>
An early investor in one of Asia’s largest logistics developers leads today’s real estate headlines from around the region with news that the South Korean company has wheeled some $408 million in cash out of its pre-IPO investment in… Read More>>
Gaming and property tycoon Stanley Ho is joining the ranks of Hong Kong’s retired billionaires, after announcing that he will step down as chairman of Macau casino operator SJM Holdings.
The retirement of the 96-year-old magnate, who also founded property… Read More>>
Leading today’s headlines, New World Development has acquired over half of the ownership of a building on Hankow Road in Kowloon’s Tsim Sha Tsui commercial district for HK$700 million ($89 million) as the city’s major developers continue to snatch up… Read More>>
China State Construction International (CSCI), a Hong Kong-registered subsidiary of China State Construction Engineering (CSCEC) has teamed up with another mainland investor to acquire a retail project along Macau’s landmark Senado Square for HK$800 million ($102 million). The deal by… Read More>>
Prada is stepping up its marketing efforts in Asia by opening a pop-up store in Macau, which the Italian luxury fashion brand will bring to other cities in Greater China and abroad during the Chinese New Year holidays.
By setting… Read More>>
The mysterious buyer of the $217 million Bonham Circus building in Sheung Wan — a deal which Mingtiandi covered earlier this week — has now been revealed. Macau businessman Lucas Lo, chairman of Similan Group, along with other investors, is… Read More>>
Casino billionaire David Chow’s Macau Legend Development is poised to sell the Landmark Macau hotel and gambling complex for HK$4.6 billion ($590 million), shedding one of its two flagship properties in the gambling mecca.
The Hong Kong-listed firm has announced… Read More>>
China’s property tycoons continue to fill the headlines for al the wrong reasons today, as the Hong Kong exchange rules that heavyweight contender Sun Hongbin needs some re-education on corporate governance. Naughtiness of other sorts is in the news in… Read More>>
At the top of the news, Fosun’s Guo Guangchang says China’s clampdown on some of the country’s biggest buyers of overseas assets is a necessary measure to deal with “irrational investment” – which presumably doesn’t include his own firm’s recent… Read More>>