Asia real estate and outbound investment news
Goldin Financial Holdings is continuing its efforts to pay off past-due debts as the Hong Kong-listed company announced on Friday that it had reached a deal to dispose of a financing business for just over HK$2 billion ($260 million).
In… Read More>>
Last week Pan Sutong’s Goldin Financial Holdings announced that creditors had seized its Kowloon East headquarters, now local media reports indicate the billionaire real estate boss has had to remortgage his mansion and borrow against his shares in the Hong… Read More>>
Goldin Financial is abandoning its HK$11.1 billion ($1.41 billion) purchase of a commercial site on the former runway of Hong Kong’s Kai Tak airport, citing the city’s economic and social instability as motivation for its decision.
The aborted land buy… Read More>>
Working on a short week Hong Kong’s real estate investors and operators still managed to complete a number of high profile investment and leasing deals before the Easter holiday, including major transactions in the Kai Tak area. The largest deal… Read More>>
Pan Sutong, chairman of Hong Kong’s Goldin Group, and the city’s 16th richest man, has sold a commercial site in the Kowloon Bay area for an estimated HK$5 billion ($640 million), according to an account in the Hong Kong press.
Hong Kong’s Lands Department on Wednesday announced that a residential site on what was once the runway of the city’s Kai Tak Airport has been awarded to Hong Kong financial conglomerate Goldin Group for HK$8.9 billion ($1.14 billion).
The 9,708… Read More>>
Tesla is partnering with a government-owned business park developer to open a mainland production facility in Shanghai, Hong Kong’s central bank wonders if offering 120 percent mortgages might be risky, and two companies linked to questionable trading may not be… Read More>>
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Anbang Pays $420M to Up Sino-Ocean Stake
Anbang Insurance Group Co. paid HK$3.3 billion ($420 million) to raise its stake in… Read More>>
The Hong Kong-Shanghai stock connect has helped drive the Hang Seng properties index up by nearly 17 percent since it opened in November, but now the cross-border equities link has helped to bring one developer down 41 percent. In a… Read More>>
