Casinos lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Australia’s king of gambling has given up a $1.3 billion chunk of his business to the son of Macau’s Godfather of Gambling, while… Read More>>
Winland Group Buys Causeway Bay Project From New World for HK$2.17B
Hong Kong’s real estate market is likely to see another compulsory sale application after local agency-turned-property investment firm Winland Group purchased 96 percent ownership of the Sun On Mansion in Causeway Bay for HK$2.17 billion ($280 million), according to a… Read More>>
Macau Casino Tycoon Stanley Ho Steps Down from SJM
Gaming and property tycoon Stanley Ho is joining the ranks of Hong Kong’s retired billionaires, after announcing that he will step down as chairman of Macau casino operator SJM Holdings.
The retirement of the 96-year-old magnate, who also founded property… Read More>>
Stanley Ho Buys Orchard Road Site for $105M and More Greater China Real Estate Headlines
The king of the Hong Kong casinos is branching out in Singapore malls as Shun Tak real estate buys a plot on Orchard Road, plus China City Construction, which was recently seen as a default risk has paid off an… Read More>>
Blackstone Said to Acquire Shanghai Commercial Centre for RMB 5.3B
While investors such as Li Ka-shing may be fleeing China’s slumping real estate market, Blackstone is reported to be diving in deeper, as the US private equity giant is said to have purchased a Shanghai commercial complex this week for RMB5.3… Read More>>
