The continuing slide of Hong Kong’s commercial property market leads today’s news from around the region, as a government auction of a commercial site near the city’s airport was cancelled after attracting just three bids — all of which fell… Read More>>
Cartier Closes Hong Kong Boutique Amid Luxury Slump and More Asia Real Estate Headlines
Hong Kong is back to work after last week’s holiday, but the city’s real estate market doesn’t seem to be able to catch a break with Tsim Sha Tsui losing its Cartier shop as retail woes continue.
In a crisis… Read More>>
Equinix Spent $252M Buying Singapore, India Data Centres Last Week
As demand for cloud services heats up in Asian markets, data centre developer and operator Equinix has struck a deal to purchase a server facility in Singapore, just days after purchasing a pair of similar properties in India.
In Singapore,… Read More>>
Softbank-Backed Beike Aims for $3B US IPO and More Asia Real Estate Headlines
WeWork’s IPO belly flopped and Luckin Coffee got kicked out of the NASDAQ, but these setbacks have not deterred online property brokerage Beike Zhaofang from attempting a US stock market listing.
An account of the Softbank and Tencent-backed firm’s plans… Read More>>
Mapletree REIT Plans SG Tech Hub and More Asia Real Estate Headlines
A Singapore industrial REIT’s plans for a $193 million high-tech complex near the city’s east coast lead Mingtiandi’s news roundup today, as the Southeast Asian financial hub’s Kallang area prepares for its latest upgrade.
Meanwhile the Lion City’s largest developer… Read More>>
Blackstone and Brookfield Said Adding INR 14.5B in Assets to India Real Estate Portfolios
Asset managers Blackstone and Brookfield are said to be acquiring, in a pair of unrelated deals, a combined INR 1,450 crore ($211 million) of real estate in Mumbai, after private equity investment in India’s property market hit almost $4 billion… Read More>>
Sumitomo Buying India’s Most Expensive Land Parcel for $323M
Japanese conglomerate Sumitomo Corporation is poised to buy the most expensive plot of land ever sold in India, according to local media.
The Tokyo-headquartered conglomerate, which has completed 300 real estate projects globally at a value of $30 billion, submitted… Read More>>
New HK Office Leases Drop 30% in March and More Asia Real Estate Headlines
China’s first quarter surge of liquidity is already helping to boost mainland home prices, but relief may not yet have spread beyond its borders, judging by reports from around the region this week. In Hong Kong, a paucity of mainland… Read More>>
India’s 100 Richest Property Tycoons Worth 4% More than China Evergrande’s Xu Jiayin
India’s 100 richest real estate tycoons combined have more wealth than China’s richest property baron, China Evergrande Group chairman Xu Jiayin, but not by much.
A recent survey of India’s wealthiest property industry players finds that a set of one… Read More>>
Evergrande Approved to Raise RMB 2.25B in ABS and More Asia Real Estate Headlines
China’s drive to reduce leverage has been in the headlines since last year, but not everyone seems to have heard the news, as developer China Evergrande Group just was approved to add more than $350 million in new debt in… Read More>>