Frasers Property announces a Shanghai residential project in collaboration with mainland builder Gemdale, with that joint venture leading today’s headline roundup. Also making the list, Singaporean giant CDL posts a steep profit drop and Hong Kong’s Sino Land reports its… Read More>>
Hong Kong Court Orders Liquidation of Evergrande Unit and More Asia Real Estate Headlines
A unit of bankrupt builder China Evergrande has received a liquidation order from a Hong Kong court, with that story leading today’s headline roundup. Also in the news, four developers submit bids for a site near Hong Kong’s international airport… Read More>>
Korea’s NPS Buys Seoul Office Complex for $1.6B and More Asia Real Estate Headlines
South Korea’s top pension fund pays $1.6 billion for an office complex on its home turf, with that deal leading today’s headline roundup. Also in the news, CapitaLand’s China REIT posts a drop in distributions and Australia’s Macquarie closes its… Read More>>
Sino Land Profit Drops 25% on Revaluation Loss
Hong Kong developer Sino Land’s annual attributable profit fell 25 percent to HK$4.4 billion ($560 million) as investment property markdowns ate into earnings.
The builder controlled by tycoon Robert Ng booked a revaluation loss on the investment portfolio of HK$580… Read More>>
Asia Real Estate People in the News 2024-04-01
The first quarter has come to a close and a number of Hong Kong-based real estate and investment companies have named new leadership to guide them through the final nine months of 2024 with Mingtiandi rounding up senior personnel moves… Read More>>
Shopee Parent Struggles to Scale Back in Singapore and More Asia Real Estate Headlines
Shopee parent Sea Ltd appears to be giving up its struggle to find a replacement tenant to take over its 10-year lease in a CapitaLand business park as it scales back its office space, with that story leading Mingtiandi’s headline… Read More>>
Sole Bidder Sino Land Wins Lantau Island Residential Site for $26M
Hong Kong’s Lands Department on Wednesday awarded a residential development site on Lantau Island to Sino Land for HK$203.9 million ($26.1 million), defying expectations that the tender might be withdrawn.
The builder controlled by tycoon Robert Ng was the sole… Read More>>
Sino Land Enters Sole Bid for Lantau Residential Site in Hong Kong
A residential site on Hong Kong’s Lantau Island drew a single bid from local builder Sino Land at a tender that closed Friday, potentially setting the stage for a fourth withdrawn plot at government land sales in 2023.
The low-density… Read More>>
Sino Land JV Bags Kowloon Residential Site With $250M Bid
Hong Kong’s Sino Land continues to snap up Kowloon residential sites at bargain prices, with the local builder and partners China Merchants Land and Great Eagle Holdings winning a tender this week for a project in the Kai Tak area… Read More>>
Sino Land JV Wins Kai Tak Plot with Bargain $680M Bid in Depressed Hong Kong Market
A consortium led by local builder Sino Land has won a tender for a residential plot in Hong Kong’s Kai Tak area with a bid of HK$5.35 billion ($680 million), representing a nine-year low for a government land premium at… Read More>>
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