China’s recovering housing market leads today’s set of headlines from around the region as the mainland’s top developers grew their contracted sales for a third straight month in April. Also making the list today, Hong Kong’s MTR aims to spice… Read More>>
Sunac China Shares Drop 59% as Trading Resumes and More Asia Real Estate Headlines
One of China’s largest developers was able to resume trading of its shares on the Hong Kong exchange today, with investors promptly selling off equity in the defaulting builder. Also making our headline roundup today is a data centre joint… Read More>>
SHKP Preps Townplace West Kowloon ‘Aparthotel’ for Second-Half Launch
Sun Hung Kai Properties plans to debut the flagship property under its Townplace rental residential brand in the second half of 2023, with the blue-chip builder touting the West Kowloon project as Hong Kong’s first large-scale “aparthotel”.
Located at 10… Read More>>
Blackstone Chases $660M for Sydney Tower and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Blackstone looks Down Under for its latest potential asset disposal, and China’s government ponders a novel method to maintain state control of private firms.
Blackstone Could Fetch A$1B as It… Read More>>
Keppel Land Exiting Myanmar Hotel Project and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore’s Keppel Land sells out of a Myanmar hotel development, and insurance giant Ping An Group says it’s on the hook for about a fourth of the estimated damage bill from the Kimpton… Read More>>
Hong Kong’s SHKP Wins Mong Kok Commercial Site for $602M
Hong Kong’s Lands Department has awarded Sun Hung Kai Properties (SHKP) a site in Kowloon’s Mong Kok area at a price of HK$4.73 billion ($602 million), clinching the city’s first commercial land sale of the year at a value significantly… Read More>>
China Warns State Firms Away From Big Four Auditors and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese authorities reportedly ask state-owned firms to cut ties with the Big Four accounting firms, and Australian casino giant Star Entertainment looks to raise $545 million to repay debts.
China… Read More>>
SHKP Tops Out Supertall Shanghai ITC Tower as Mainland Office Market Struggles
Hong Kong developer Sun Hung Kai Properties held the topping-out ceremony for the main office tower at its International Trade City (ITC) project in Shanghai’s Xujiahui area on 29 December, adding 70 storeys of office space to the company’s portfolio… Read More>>
CIFI Mulls Exit From Property Management Arm and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, troubled developer CIFI prepares to sell a stake in its services division, Blackstone taps the brakes on an eagerly awaited private equity fund, and Sun Hung Kai Properties announces the completion of a… Read More>>
SHKP Wins Kowloon East Commercial Site for $38M
Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon East, at a price more than 50 percent less per square foot than what Link REIT paid in late… Read More>>
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