Buyers at one of Hong Kong’s hottest residential projects got some unsettling news late last week, as New World Development said construction defects would force the demolition and rebuilding of some parts of the company’s Pavilia Farm complex atop Tai… Read More>>
Alibaba to Launch First Philippine Data Center and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Alibaba Cloud announces plans to build its first data centre in the Philippines, China Evergrande’s shares take investors on a wild ride, and Hong Kong transit operator MTR tries to ease conflict-of-interest concerns… Read More>>
China’s JD Logistics Set to Raise $3.2B In Hong Kong IPO and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, JD Logistics is reportedly set to price its Hong Kong IPO near the bottom of the target range, South Korean investors are readying a lawsuit over a Las Vegas construction loan turned sour,… Read More>>
Wheelock Wins Rights to MTR Wong Chuk Hang Project and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong blue-chip developer Wheelock has beat out a field of local heavyweights to win the rights to the last slice of land above the MTR station in Hong Kong’s Wong Chuk Hang… Read More>>
New World, Empire, Lai Sun and CSI Team Up to Buy Hong Kong MTR Site
Hong Kong’s MTR Corporation has awarded the rights for the fifth phase of property development at Wong Chuk Hang metro station to a consortium of four local developers, reportedly for a lower premium than was paid in the fourth-phase tender.
Alibaba Unit Leases Most of ARA, Chelsfield SG Project and More Asia Real Estate Headlines
In this edition of Mingtiandi’s regional news roundup, Alibaba’s Lazada e-commerce unit leases an expanse of Singapore office space, China plugs loopholes exploited by buyers to load up on multiple properties, and Hyundai mulls a major design change for its… Read More>>
FCT to Divest Singapore Shopping Centre for S$110M and More Asia Real Estate Headlines
In Mingtiandi’s latest roundup of regional news headlines, a Singaporean trust prepares to sell a shopping centre for S$110 million, GLP forms a China fund to buy Shanghai port assets, and McDonald’s breaks ground on an industrial park in… Read More>>
New World Sells Stakes in Hong Kong Malls to MTR for HK$3B
New World Development has sold its ownership interest in a pair of mid-market Hong Kong community malls to MTR Corporation for HK$3 billion ($380 million), according to a company announcement.
The developer said that it was disposing of its 50… Read More>>
Wheelock Wins Project at Hong Kong’s Lohas Park at 12% Discount
Wheelock and Company has won a discounted residential site in Hong Kong’s New Territories amid a plunge in property prices in the Asian financial hub, according to an announcement by the city’s MTR Corporation, which organised the project tender.
The… Read More>>
Kerry, Swire, Sino Land Win MTR Site in Hong Kong for Reported HK$6.8B
Hong Kong’s MTR Corporation has awarded a residential development in a southern district of the city to a consortium formed by Kerry Properties, Swire Properties, and Sino Land.
The trio of local developers is reported to be paying a HK$6.76… Read More>>