A commercial project in Hong Kong’s West Kowloon area drew just a single bid at a tender held by the local cultural authority, with blue-chip builder Sun Hung Kai Properties making an offer of an undisclosed amount.
A representative for… Read More>>
Shanghai Office Rents Dipped in Q3 as Lockdown Impact Lingers
Office rents in Shanghai’s key business districts edged downwards in the third quarter as landlords become more flexible on pricing in a market struggling to recover from months of Covid lockdowns.
Occupiers leased 104,000 square metres (1.12 million square feet)… Read More>>
Hong Kong Govt Slams SHKP as ‘Delusional’ for Attempt to Block Project
Hong Kong’s Lands Tribunal criticised a legal case launched by Sun Hung Kai Properties against a development plan by one of the city’s richest men, describing its move as “delusional” and “vandalism” of the proposed project.
The dispute stems from… Read More>>
Invesco Relocates to Jardine House in Central, UBS Moves Office to West Kowloon
US asset manager Invesco is shifting its Asia Pacific headquarters to Hongkong Land’s Jardine House and UBS will take an anchor space in Sun Hung Kai Properties’ West Kowloon rail terminal project as global financial giants align their corporate homes… Read More>>
Singapore Dethrones Hong Kong as Finance Hub and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore leaps three spots to third place in a ranking of global financial centres, superseding No.4 Hong Kong for tops in Asia. Meanwhile, Hong Kong takes a step towards rectifying its troubles, announcing… Read More>>
Asia Real Estate People in the News 2022-09-05
A pension fund manager with $800 billion in assets has a new boss with news of the fresh leadership of Korea’s NPS leading Mingtiandi’s personnel column this week. Also making the list are a set of board changes at troubled… Read More>>
Albert Lau Among 3 New Executive Directors Named to SHKP Board
Sun Hung Kai Properties (SHKP) has named three new executive directors to its board as the Hong Kong-listed giant battles rising interest rates and a slowing residential property market.
Among the set of appointments is Albert Lau, a former head… Read More>>
China Probes Bank Real Estate Loans and More Asia Real Estate Headlines
China’s growing anxiety over its shaky real estate market leads our headline roundup today, with news emerging that the country’s main financial regulator is sifting through bank loan portfolios for risks. Also in the news, Hong Kong’s economic doldrums spell… Read More>>
CICC Expands into Kowloon’s ICC as Hong Kong Banking Evolves
China International Capital Corporation (CICC) is leasing one and a half floors in Kowloon’s International Commerce Centre (ICC) against a backdrop of sliding rents and rising vacancy in Hong Kong’s office market.
The Hong Kong unit of banking giant CICC,… Read More>>
Macquarie Buys Into SG Data Centre Firm’s UK Unit and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Aussie giant Macquarie’s fund management arm picks up a stake in the UK unit of Singapore’s ST Telemedia Global Data Centres, Hongkongers lose their appetite for Greater Bay Area homes, and luxury brand… Read More>>
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