One of Hong Kong’s largest property developers, together with its parent firm, is warning of a potential loss this year as a result of the COVID-19 crisis, as the pandemic takes a toll on real estate values.
Hang Lung Properties,… Read More>>
Technology and Trade Tensions Highlight MIPIM Asia Event
More than 900 industry leaders, representing 570 firms from 36 countries, attended the annual MIPIM Asia real estate conference in Hong Kong last week, with technology and trade tensions among the recurring themes throughout the packed program of presentations, panel… Read More>>
Hang Lung Outbids Alibaba to Win Hangzhou Commercial Site for RMB 10.7B
Hong Kong developer Hang Lung Group has shouldered aside Alibaba Group and four other property developers to win a commercial plot in the eastern China city of Hangzhou for RMB10.7 billion ($1.7 billion) — more than double the base price… Read More>>
Kowloon Commercial Building Close to HK$2.5B Sale and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a commercial building in Jordan, one station north of Tsim Sha Tsui, is said to be close to be disposed of for HK$2.5 billion as investor interest in Kowloon commercial properties continues to… Read More>>
Commercial Plaza Deal Sets Wan Chai Price Record and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, an office unit just sold in Wan Chai for a record-breaking price, while a top jewelry retailer saw its rent in Causeway Bay slashed 40 percent. Also in the headlines, Hang Lung Properties’… Read More>>
City Sees HK$56B of Property Sales in Jan and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city has sold HK$56.4 billion worth of properties in just 26 days in January. Also in the headlines, a Hong Kong property tycoon says the city’s real estate market will be dominated… Read More>>
Third Chan Generation Steps Up to Top Levels at Hang Lung
When Ronnie Chan took over from his father to become chairman of Hang Lung Group in 1991, his youngest son was only nine years old. Some 25 years later Adriel Wenbwo Chan has been named an executive director at Hang… Read More>>
Mapletree to Raise $751M From New REIT Sales and More Asia Real Estate Headlines
Singapore-listed developer and investor Mapletree issued a flurry of news this week, including plans to raise $751 million in new cash through unit sales in a listed trust. In Hong Kong, Hang Lung’s Ronnie Chan, who bet heavily on China’s… Read More>>
Merger Reform Could Stoke Outbound Boom and More Greater China Real Estate Headlines
Beijing may be tightening up its capital controls, but the government is also taking steps to clear the path for more overseas acquisitons, following a recent move by the State Council. If there is an uptick in cross-border deals, they… Read More>>
Hang Lung’s Ronnie Chan Unsure When Retail Will Recover and More China Real Estate Headlines
One of the region’s most loquacious mall developers has little good to say about the region’s retail market, China’s real estate recovery continues to spread from tier-one cities to areas just next to them, and Wang Jianlin makes a big… Read More>>
