Growth leads today’s real estate headlines once again as Singapore’s CapitaLand reports a 28 percent third quarter jump in profits for its pan-Asian operations. The numbers are also getting bigger for leading Hong Kong developer Sun Hung Kai which just… Read More>>
Hong Kong Home Sells for $37M Per Bedroom and More Asia Real Estate Headlines
Leading today’s news, Hong Kong’s housing affordability may be a hot topic for most of the city’s seven million inhabitants, but developer Wheelock is doing just fine marketing homes that cost about the same amount as the GDP of small… Read More>>
Sun Hung Kai Picks Up Kowloon Hotel Site for Record-Breaking $649M
Hong Kong development giant Sun Hung Kai has bought a hotel site in Cheung Sha Wan for HK$5.06 billion ($648.8 million), blowing past market expectations for the waterfront parcel and setting a per square foot price record for the city’s… Read More>>
10 Bidders Said to Offer Up to $479M for Kowloon Hotel Site
A waterfront hotel site in the Cheung Sha Wan area of Hong Kong’s New Kowloon may sell for as much as HK$3.74 billion ($479 million), following a competitive public tender that closed on Friday after drawing 10 bids.
The site,… Read More>>
13,000 Hopefuls Show Up to Buy 400 HK Homes and More Asia Real Estate Headlines
October may be time for the mid-autumn festival, but the heat is still on in property markets across the region as Singapore reports a rebound for commercial and residential demand and Hong Kong sees 13,000 buyers show up for a… Read More>>
Keppel Land Buys Jakarta Site for $45M and More Asia Real Estate Headlines
One of Singapore’s biggest developers leads today’s property news with a $45 million site acquisition in Jakarta, while two other SG-listed players fall short in their bid to buy out United Engineers. Also in the news, Hong Kong’s largest developer… Read More>>
Mandarin Oriental Said Offered Record $3.8B for Excelsior Hotel
The Mandarin Oriental Hotel group has begun to receive offers for the Excelsior Hotel in Hong Kong’s Causeway Bay, with at least five bids reportedly valuing the four-star waterfront property at HK$30 billion ($3.8 billion).
If the 848-room Excelsior is… Read More>>
Understanding China’s Crackdown on Commercial-Titled Housing
Faced with skyrocketing housing prices in 2016, during the first half of this year, China implemented a fresh round of measures aimed at suppressing demand for housing, including a clampdown on financing for the real estate sector, and direct controls… Read More>>
Anbang Confirms Wu Unable to Fulfill Duties and More Asia Real Estate Headlines
China continues to be a centre for market excitement this week as Anbang Insurance confirms that its chairman is no longer available, on the same day that reports surfaced of Wu Xiaohui’s detention. Also in the news, Chongqing champion CC… Read More>>
SHK’s Kwok Family Taking 50% Stake in £500M London Condo Project
Hong Kong’s Kwok family, which controls listed development giant Sun Hung Kai Properties has become the latest Hong Kong investor to bet that Brexit risks are overblown as the billionaire clan’s private investment body has agreed to take a 50… Read More>>
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