Just one month after taking over from his father Li Ka-shing, Victor Li has signed his first high profile deal for CK Asset, snapping up the UBS headquarters in London from GIC and British Land for £1 billion ($1.3 billion).
Greenland Bets on E-Sports Arenas And More Asia Real Estate Headlines
Today’s news roundup takes a detour into China’s booming e-sports scene, with top-six mainland developer Greenland pledging to build stadiums and theme parks across the country’s biggest cities to cater to legions of computer gaming fanatics. Another top property group… Read More>>
Frasers Centrepoint Bids S$955M for Former Zouk Site and More Asia Real Estate Headlines
Singapore’s development fever leads the regional news again today as the city’s best-known Thai-owned developer leads the bidding for a condo site which remains vaguely familiar from Mingtiandi’s misspent youth. Also in the headlines, Southeast Asia’s fine city is all… Read More>>
HK Unsustainable, SG Set for Rebound Says UBS Housing Bubble Survey
An annual study of housing markets worldwide by investment bank UBS has identified Hong Kong as one of the world’s riskiest places to buy a home, while sizing up Singapore as a market ready for an upswing.
In its 2017… Read More>>
UBS Bubble Index Shows Impact of Chinese Investors on Vancouver, Sydney
As housing markets on the mainland have started to look more dicey, Chinese home buyers have flocked to global gateway cities such as Vancouver and Sydney, driving up home prices and stunning local residents.
Analysts have cautioned that mainland capital… Read More>>
Ascendas Hotel REIT Cancels Sale of $1B Platform and More China Real Estate Headlines
After months of speculating whether Blackstone Group, Gaw Capital or a Chinese sovereign wealth fund would buy up the assets of Ascendas’ $1 billion hotel REIT, the Singapore-based real estate trust announced this week that no deal would be forthcoming…. Read More>>
Greater China Real Estate Professionals in the News 2015-10-11
This week in Greater China’s community of property professionals, a Swiss bank steals talent from Xintiandi, a long-time Temasek man moves up the chain, and some agency veterans head for greener pastures. Read on for the all the details.
Dennis… Read More>>
UBS Says Shanghainese Need to Work 140 Extra Hours for Their iPhones
While Hong Kong and Tokyo usually spring to mind as the most expensive cities in Asia, a new report by Swiss banking group UBS shows that, when average wages are factored in, Beijing and Shanghai could actually be less affordable… Read More>>
Banks Easing Mortgage Policies to Slow China Housing Market Slide
China’s major banks are expected to soon ease requirements for mortgage loans as the country’s government seeks to ease downward pressure on its housing market.
The anticipated move by the country’s big four state-run lenders, was reported yesterday in the… Read More>>
Nick Loup Leaving Grosvenor as Ben Cha Prepares to Take APAC Helm
Real estate developer Grosvenor is changing the guard at its Asia operations as Nicholas Loup, CEO for Asia-Pacific at the London-based company is preparing to leave after 25 years with the group. Replacing Loup in the privately held company’s Hong… Read More>>