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>>
Frasers Planning $4B SG REIT Merger and More Asia Real Estate Headlines
A pair of Singapore-listed REITs lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the two real estate investment trusts are planning a merger that will create a super-REIT with a portfolio… Read More>>
New World Aims for Residential Redevelopment with HK$458M Kowloon Tong Buy
New World Development has acquired a set of flats in an upscale neighbourhood of Hong Kong for a combined HK$458 million ($58 million), as the developer closes in on another potential redevelopment project.
Land Registry documents reveal that 16 flats… Read More>>
MCT Launches S$902M Equity Sale to Fund Google Biz Park Buy and More Asia Real Estate Headlines
A Singapore commercial property trust leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the REIT has kicked off a $661 million equity sale to fund the acquisition of a business park… Read More>>
Henderson, New World May Hand Over Plots as HK Govt Explores Land Requisitioning
Two of Hong Kong’s largest developers have expressed their willingness to hand over part of their land banks for housing development as the government looks into requisitioning underused plots in a bid to lessen a home shortage.
On Thursday, Henderson… Read More>>
China Vanke Buys Site in Hong Kong’s North Point for HK$580M
Mainland developer China Vanke on Thursday acquired a HK$580 million ($74 million) site in Hong Kong’s North Point neighborhood that is earmarked for a commercial or mixed-use development.
The company’s Vanke Property (Hong Kong) arm picked up the 4,300-square-foot (3,995-square-metre)… Read More>>
Owners of HK’s New World Rethink £8.4B London Scheme as Brexit Looms
A UK non-profit organisation has announced that the £1 billion ($1.2 billion) centrepiece of a scheme to regenerate London’s Greenwich Peninsula has been dropped by the Hong Kong-based company set up seven years ago by billionaire property tycoon Henry Cheng… Read More>>
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