The appeal of Australian student housing leads today’s look at real estate news from around the region, as a pair of US heavyweights face off for a PBSA operator. A Malaysia developer also makes the list with a Singapore land… Read More>>
Hong Kong’s MTR Faces Shortfall on Property Slump and More Asia Real Estate Headlines
Hong Kong’s MTR Corp leads the Friday edition of our headline roundup, as the transit-oriented developer seeks to plug budget holes with measures that could include asset sales. Also making news, a Chinese AI firm reduces its Singapore office footprint… Read More>>
Asia Real Estate People in the News 2024-12-23
A Korean appointment leads this week’s review of personnel moves from around Asia’s real estate industry, with a French investment manager adding to its team in Seoul. Also making the lists are board moves at a Singapore-listed REIT and at… Read More>>
India’s Adani Hit with US SEC Summons and More Asia Real Estate Headlines
The US securities regulator issues a summons for Asia’s second-richest man as bribery allegations swirl, with that story leading today’s headline roundup. Also in the news, Hong Kong builder Far East Consortium warns of a six-month loss and Korean giant… Read More>>
Goldman’s Solomon Sees No Rate Cuts in 2024 and More Asia Real Estate Headlines
The head of one of Wall Street’s biggest banks may bring an end to the “stay alive until ’25” mantra, as David Solomon’s outlook for rate cuts leads today’s collection of real estate headlines from around the region. Football also… Read More>>
Hong Kong’s MTR Sees Profit Drop 21% to $1B on Development Income Collapse
Hong Kong’s MTR Corporation reported a 20.8 percent drop in attributable profit to HK$7.8 billion ($1 billion) for 2023 as the listed operator of mass transit systems recognised less income from property development projects.
Profit from property development plunged 80… Read More>>
MTR Plot Draws No Bids in Hong Kong’s Second Failed Land Sale in Under Two Weeks
Hong Kong’s MTR Corporation failed to receive a bid by the close of a tender for a residential and retail project near Hong Kong’s International Airport this past week, marking the city’s second failed land sale this month.
Despite receiving… Read More>>
Blackstone Looks to Refill Japan Portfolio and More Asia Real Estate Headlines
Japan leads today’s roundup of real estate headlines from around the region, with Blackstone talking up its recent series of disposals in Asia’s second-largest economy. Also in the news, SGX-listed Manulife US REIT will halt distributions for the first half… Read More>>
China Developer Home Sales Rise for Third Month and More Asia Real Estate Headlines
China’s recovering housing market leads today’s set of headlines from around the region as the mainland’s top developers grew their contracted sales for a third straight month in April. Also making the list today, Hong Kong’s MTR aims to spice… Read More>>
MTR Withdraws Tender for Lantau Island Site in Third Hong Kong Land Sale Fail of 2023
Hong Kong’s MTR Corporation has ended a tender for a HK$10 billion ($1.27 billion) project in northern Lantau island without finding a buyer after the three bids received for the commercial and residential site fell short of the government-backed transport… Read More>>
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