Supply follows demand in the region’s real estate news today as developers and investors dig through their portfolios for assets to put in front of the region’s property hungry investors. Fresh off of selling a Hongkou property last week, SOHO… Read More>>
Shanghai Investors Sign A$140M Deal for Sydney Hotel and More Asia Real Estate Headlines
Leading the news today, a group of Shanghai investors used the city’s free trade zone to help shift their property buying from eastern China to New South Wales last week. Meanwhile, down in Singapore, the condo market may not be… Read More>>
New World Picks Up Kowloon Commercial Site for HK$4b
New World Development has purchased its second commercial site within three months in Hong Kong’s Cheung Sha Wan area, bringing its total land purchases in the Kowloon neighborhood to HK$11.8 billion ($1.5 billion) since mid-February.
The top Hong Kong developer… Read More>>
Asia Real Estate People in the News 2017-02-26
The big trend in real estate jobs this year seems to be real estate professionals finding new homes in the co-working world, as yet another agency veteran signs up with a shared office provider. Also this week, a former mainland… Read More>>
Adrian Cheng Promoted as New World Reports 31% Spurt in Net Profit
His grandfather passing just a few months ago and his father ill, heir apparent to the New World Development throne, Adrian Cheng Chi-Kong, led his first earnings briefing for the $54 billion Hong Kong real estate developer last week, reporting… Read More>>
Gambling Giants Rush to Invest $10B for Japanese Casinos and More Asia Real Estate Headlines
The big news today could make pachinko passe as Japan gets ready for the 21st century money-milking machines that are modern casinos. While Melco Crown’s Lawrence Ho looks to Japan for his next deal, China Vanke has found a way… Read More>>
New World Wins Kowloon Site for HK$7.8 Bil and More Asia Real Estate Headlines
Leading today’s headlines, while Hong Kong residents may have little hope of buying a home this century, the government is doing just fine, thanks to robust land sales. New World paid a higher than expected price for a site in… Read More>>
New World JV Bets $1.9 Bil on 4 Projects in Shenzhen’s Qianhai
Hong Kong’s New World Development has become the latest builder to bet big on the Shenzhen market following a record-breaking real estate run in China’s southernmost megacity.
The Hong Kong developer’s New World China Land subsidiary on Thursday successfully bid… Read More>>
Developers Halt Sales at 9 Hong Kong Projects as Home Prices Seen Set to Tumble
While activists took to the streets to protest Beijing’s move to reinterpret city law and ban two elected officials from retaking their oaths to join the legislature, the Hong Kong government is protesting home prices which rank as the world’s… Read More>>
New World Founder Cheng Yu-tung Dies at 91, Leaves $15B Fortune
The founder of one of Asia’s largest property empires passed away last week leaving behind a $15 billion fortune gathered over nearly 50 years in the region’s real estate industry.
Cheng Yu-tung, who founded New World Development in 1970, and… Read More>>