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>>
Brookfield, Digital Realty Kick Off India Data Centre and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, BAM Digital Realty gets to work on its first data centre in India, a project site on Hong Kong’s Lantau Island attracts bids from local heavyweights, and global banks seek to jump-start Chinese… Read More>>
Asia Real Estate People in the News 2022-10-24
More turnover at defaulting Chinese developers leads this week’s collection of regional personnel moves with Shanghai’s CIFI losing a business development leader. Also announcing changes were SGX-listed Frasers Property which named a pair of new directors to its board, and… Read More>>
UOB Sues Shimao Over Loan Breaches and More Asia Real Estate Headlines
Distressed developers and troubled tech takeovers lead today’s collection of real estate headlines from around the region, as one of Singapore’s biggest banks sues Shimao Group in Hong Kong and Gaw Capital finds an opportunity to move into real estate… Read More>>
GIC Makes Second Investment in India Retail JV and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singaporean giant GIC invests a further $51 million in its Indian joint venture with Phoenix Mills, Hong Kong transit operator MTR opens another round of bids for a large residential site on more… Read More>>
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