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>>
Blackstone Calls Off A$800M Aussie Shed Sale and More Asia Real Estate Headlines
An abandoned sale leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a US private equity giant has shelved its plan to sell a portfolio of Aussie logistics assets valued at A$800 million… 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>>
New World Scion Adrian Cheng Named Chair of China Business
Adrian Cheng, heir to a $20.7 billion family fortune, has been named as executive chairman of Hong Kong-listed property group New World Development’s mainland China arm.
New World’s wholly owned subsidiary, New World China Land, said in an announcement that… Read More>>
Discounted Site in HK’s Lohas Park Pulls 9 Bids and More Asia Real Estate Headlines
The sale of a residential plot leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that nine bids were submitted for a heavily discounted site in Hong Kong’s New Territories.
In other news around… Read More>>
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