Asia Pacific real estate investment news and information
Swire Properties warned of a likely attributable loss of HK$800 million ($102.7 million) for 2024, reversing a year-earlier profit of HK$2.6 billion, with the Hong Kong-based builder blaming the deficit on markdowns to its investment property portfolio.
The real estate… Read More>>
Swire Properties maintained nearly full occupancy at its Pacific Place office towers in Hong Kong’s Admiralty area in the first quarter, but at the cost of 17 percent lower rents.
The Hong Kong-listed developer saw occupancy across its One, Two,… Read More>>
Property services firm CBRE is set to be the latest global corporation to flee Hong Kong’s Central district, as companies continue to question whether their businesses benefit from being in the world’s most expensive office location, according to a report… Read More>>
Singapore’s hunger for overseas property leads Mingtiandi’s roundup of real estate headlines today as one of the city state’s most active private investment firms has agreed to buy a set of three buildings in Tokyo.
Hong Kong’s ongoing struggles also… Read More>>
Ever-climbing office rents in Hong Kong’s Central district have prompted yet another finance company to change business locales, with private equity firm PAG signing a deal with Swire Properties to lease two floors in Three Pacific Place in Admiralty.
The… Read More>>
Leading today’s Hong Kong real estate news is the slow death by retail of the music seller HMV. The giant of the age of LPs, 8-tracks and cassettes is being sued by New World for HK$5 million in allegedly unpaid… 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>>
Greenland Forest City, a partnership between China’s second largest real estate developer and New York firm Forest City Ratner, is proposing to build Brooklyn’s biggest office tower, according to an outline plan presented to community representatives in New York last… Read More>>
