The passing of the founder of a US blue-chip developer with projects in China, India and other APAC markets leads today’s collection of headlines from around the region, as Gerald Hines completes his final project just 95 years after it… Read More>>
New World Selling HK Bus Biz for $410M and More Asia Real Estate Headlines
After selling some of its peripheral property holdings in Hong Kong during June, New World Development seems to be freeing up more cash with an agreement to sell off its Hong Kong bus franchises to a private equity fund managed… Read More>>
New World Buys Shanghai Commercial Project for RMB 4.1B
New World Development has added a Shanghai project to its mainland commercial portfolio, winning an uncontested land auction for a site on Huaihai Road with a RMB 4.1 billion ($590 million) bid, according to an official announcement today.
The land… Read More>>
New World Sells Off Shun Tak Centre Stake, Happy Valley Apartments for HK$3.6B
New World is selling a third of Shun Tak Centre’s retail podium
Hong Kong’s New World Development this week announced a pair of asset disposals with the development giant taking in HK$3.6 billion ($460 million) from the sale… Read More>>
Office Vacancy in HK’S Central Hits Post-2009 Peak and More Asia Real Estate Headlines
Hong Kong’s priciest district leads Mingtiandi’s roundup of Asia real estate headlines as the average vacancy level across the once red hot office market has soared to 8.5% – its highest since 2009.
In other news around the region, the… Read More>>
Top Hong Kong Developer Shares Fall More Than 5% as Beijing Preps Security Law
Stocks in Hong Kong’s major developers, including Sun Hung Kai, CK Asset and Wheelock, plunged on Friday on the news that Beijing is planning to impose controversial national security laws in Hong Kong.
After China’s central government on Thursday announced… Read More>>
New World Selling Commercial Space in Central for HK$500M
New World Development has agreed to sell the podium levels of the Cosco Tower in Hong Kong’s Sheung Wan area for 45 percent less than the property giant had been asking for the commercial property just three months ago, according… Read More>>
New World Appoints Pair of Female Board Directors in Diversity Push
New World Development has made a pair of boardroom appointments that doubles its proportion of female directors to 25 percent, in a move that the Hong Kong developer says is intended to promote gender equality.
In an announcement released late… Read More>>
New World Puts Kowloon East Commercial Building on Market for HK$3B
New World Development has listed for sale a Hong Kong commercial property at an asking price of HK$3 billion ($390 million), as the company looks to offload non-core assets, according to a person familiar with the matter who spoke to… Read More>>
Asia Real Estate People in the News 2020-04-27
In this week’s edition of People in the News, China Vanke’s logistics arm has appointed a head of asset management in Shanghai, while the son of Hong Kong’s third richest man has added CEO to his set of titles at… Read More>>
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