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>>
Asia Real Estate People in the News 2019-09-02
In this week’s edition of People in the News, just a few weeks after Hong Kong’s flagship airline was reminded that it operates at the pleasure of Beijing, the city’s biggest developer has moved to strengthen its mainland bona fides… Read More>>
Fresh Scandal Links Hong Kong’s Newly Retired MTR Chief to Jet Junkets with K Wah Chairman
Newly retired MTR Corporation chairman Frederick Ma Si-hang saw out the end of his tenure at the government-backed railway operator amid allegations of misconduct, following publication of videos, photographs and a news account in the Apple Daily newspaper linking the… Read More>>
Lohas Park MTR Project Pulls 11 Bids and More Asia Real Estate Headlines
The sale of a jumbo-sized housing plot in the New Territories has brought Hong Kong’s MTR Corporation a bumper crop of bids as the real estate market in the world’s priciest city shows signs of recovery.
The Asian financial hub’s… Read More>>
New CEO and Chairman at Hong Kong’s MTR and More Asia Real Estate Headlines
The biggest Hong Kong landlord that most people have never heard will have new leadership soon after the MTR Corporation, which operates the city’s light rail network, announced late last week that it has appointed a new CEO and chairman…. Read More>>
Hong Kong’s MTR to Launch Tender for HK$2.7B Lohas Park Site This Month
Hong Kong’s MTR Corporation, is said to have launched a tender for a lot in the New Territories that could carry a land premium of HK$2.7 billion ($344 million) in what will be Hong Kong’s largest residential estate.
The sale… Read More>>