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site on Lantau Island to Sino Land for HK$203.9 million ($26.1 million), defying expectations that the tender might be withdrawn.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a single bid from local builder Sino Land at a tender that closed Friday, potentially setting the stage for a fourth withdrawn plot at government land sales in 2023.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>>
Asia Real Estate People in the News 2023-08-14
New leadership for Australian developer and fund manager Lendlease’s SGX-listed real estate investment trust leads this week’s collection of personnel updates around Asia, with top level moves at US fund manager AEW and the asset management affiliate of Germany’s Deutsche… Read More>>
Hong Kong-Backed Star Admits Aussie Casino Guilt and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Aussie casino operator Star Entertainment owns up to illegally allowing chip purchases using credit cards, and Japan’s Star Asia REIT secures first dibs on a Tokyo student housing property.
FEC,… Read More>>
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