The Hong Kong government on Thursday announced the hiring of former Chinachem CEO Donald Choi as managing director of the Urban Renewal Authority, with the appointment coming less than nine months after he stepped down from the helm of the… Read More>>
Australian SWF Backs Greystar Student Housing Buy and More Asia Real Estate Headlines
The sovereign wealth fund of Australia’s government chips in to support US developer Greystar’s $1 billion student housing buy, with that Down Under partnership leading today’s headline roundup. Also on the list, e-commerce giant Alibaba steps away from offline stores… Read More>>
GuocoLand, Hong Leong, Mitsui JV in $574M Sole Bid for Site in Singapore’s Marina South
A site in Singapore’s western suburbs fetched richer offers than a plot in the city-state’s downtown on Thursday, as interest rates put prime land outside of the reach of many developers and home purchase restrictions crimp the market for high-end… Read More>>
URA to Suffer $192M Loss on Sale of Kowloon Project and More Asia Real Estate Headlines
Hong Kong’s Urban Renewal Authority leads today’s headline roundup as the government agency takes a $192 million hit on its sale of a project in Kowloon’s Kai Tak area last week. Also in the news, China’s new home prices fall… Read More>>
Sino Land JV Bags Kowloon Residential Site With $250M Bid
Hong Kong’s Sino Land continues to snap up Kowloon residential sites at bargain prices, with the local builder and partners China Merchants Land and Great Eagle Holdings winning a tender this week for a project in the Kai Tak area… Read More>>
Kowloon Project Receives 32 Expressions of Interest in URA Tender
A residential redevelopment project in Kowloon’s redevelopment hotbed of To Kwa Wan received 32 expressions of interest, according to an announcement by Hong Kong’s Urban Renewal Authority, which is managing the tender.
The URA is looking to redevelop half of… Read More>>
Singapore Private Home Prices Fall for First Time in More Than Three Years
Singapore’s price index for private residential properties fell 0.4 percent in the April-June quarter compared with the first three months of the year, marking the first decline since the first quarter of 2020, according to the Urban Redevelopment Authority’s flash… Read More>>
Kwun Tong Plot Pulled After Receiving Single Bid and More Asia Real Estate Headlines
Leading today’s roundup of regional news headlines, Hong Kong records its second land-sale flop of the year after a Kowloon East redevelopment site attracts a lone bid.
URA Withdraws Kwun Tong Land Sale That Drew Only One… Read More>>
Sino Land, China Merchants Win Site in Hong Kong’s To Kwa Wan With $300M Bid
A consortium of Hong Kong-based Sino Land and mainland builder China Merchants Land has won the tender for a redevelopment site in Kowloon’s To Kwa Wan area with a lower-than-expected bid of just under HK$2.39 billion ($300 million).
The Urban… Read More>>
Singapore Mortgages Chip Away at Monthly Income and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Moody’s reports that Singapore homeowners are using more of their income to service mortgages, Hong Kong’s URA invites dozens of developers to a Sai Ying Pun project tender, and SGX-listed Keppel REIT posts… Read More>>