Asia Pacific real estate investment news and information
A mixed-use plot atop MTR Corporation’s Wong Chuk Hang station said to be worth up to HK$36 billion ($4.6 billion) has generated 36 expressions of interest from developers including Sun Hung Kai Properties, CK Asset and New World Development.
The… Read More>>
Leading today’s real estate news in Greater China’s commercial powerhouse, Hong Kong’s executive council has reportedly approved a plan for a tax on vacant flats, as city leaders scramble to demonstrate concern over rising home prices. Also in the headlines,… Read More>>
Leading today’s Hong Kong real estate news, ferry operator Hong Kong Ferry has been awarded the rights to redevelop a project in Sham Shui Po for HK$1 billion ($131 million) by the city’s Urban Renewal Authority. Also in the headlines,… Read More>>
Leading today’s Hong Kong real estate news, the chairman of property giant New World Development has shrugged off rumours of his imminent retirement, after the 71-year-old tycoon was said to have suffered a stroke. Also in the headlines, the city’s… Read More>>
Leading today’s Hong Kong real estate news, Hanison Construction is offloading an office building in Cheung Sha Wan, western Kowloon on a strata-titled basis for as much as HK$28.4 million per floor, less than four months after selling a 50… Read More>>
Leading today’s Hong Kong real estate news, the city’s “Shop King” Tang Shing-bor seems to be snapping up another shed, with reports that the veteran real estate investor paid HK$1.6 billion for a 13-storey industrial building in the Kwai Chung… Read More>>
Hong Kong’s New World Development and Far East Consortium (FEC) have teamed up with Singapore’s SC Global Developments to win a luxury residential site near Singapore’s prime shopping area Orchard Road, after placing a record S$410 million ($309 million) bid… Read More>>
Leading today’s Hong Kong real estate news, listed builder Hsin Chong Group announced it won’t pay its $300 million senior notes that were due on Friday, becoming the second Asian company after Noble Group to default on US dollar bonds… Read More>>
Leading today’s roundup of people moves, a top sales executive at Hong Kong’s New World Development is hanging up his hat and a Savills Singapore veteran is starting up his own advisory firm. A construction specialist is jumping from Macau… Read More>>
New World Development has won the right to develop a HK$20 billion ($2.5 billion) commercial complex adjacent to the Hong Kong International Airport that will be almost five times the size of the city’s IFC Mall.
The city’s Airport Authority… Read More>>
