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>>
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>>
$701M Kowloon Residential Project Attracts 31 Potential Buyers in URA Tender
Developers including Sun Hung Kai Properties, CK Asset and Henderson Land are showing continued interest in a gentrifying Kowloon neighbourhood as a tender for a HK$5.5 billion ($700.9 million) residential project in the To Kwa Wan area last week attracted… Read More>>
Far East Consortium Wins Sai Ying Pun URA Tender With $158M Bid
Hong Kong-listed Far East Consortium this past week bested eight competing bids to purchase a residential site in the city’s Sai Ying Pun area for HK$1.24 billion ($157.9 million) through a Urban Renewal Authority tender.
“The acquisition will provide the… Read More>>
Hong Kong’s URA Rejigs $5B Project in Kowloon
Hong Kong’s Urban Renewal Authority is preparing for a HK$46 billion ($5.8 billion) mixed-use project in Kowloon, having submitted an application to the Town Planning Board late last month revising a development plan for a site in Kwun Tong.
The… Read More>>
URA Tender Closes for $305M Project in Hong Kong’s Western District
A tender for a residential project in Hong Kong Island’s Western district closed on Monday having drawn nine bids for the opportunity to build housing worth HK$2.4 billion ($305.7 million) in Sai Ying Pun, according to an announcement from the… Read More>>
S&P Downgrades Shanghai Greenland and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Shanghai-backed Greenland Holding suffers a further downgrade to its credit rating, accounting bigfoot PwC plans to retire as auditor of Hong Kong-listed property manager Dowell Service, and China’s Seazen readies a rare offshore… Read More>>
CK Asset Wins Residential Site in Hong Kong’s To Kwa Wan for $767M
CK Asset Holdings, the development flagship of magnate Li Ka-Shing, has bested six competing bids to win a 58,534 square foot (5,438 square metre) residential site in Hong Kong’s redevelopment hotbed of To Kwa Wan for HK$5.99 billion ($767 million),… Read More>>
Kerry Bets $716M on Kowloon Project as Rail Line Boosts Neighbourhood
Hong Kong’s To Kwa Wan further cemented its position as a development hotbed this month, with Kerry Properties winning a tender for an Urban Renewal Authority redevelopment project in the Kowloon neighbourhood for HK$5.58 billion ($716.1 million), according to an… Read More>>
PAG, Warburg Backing $6B Pre-IPO Round for Wanda and More Asia Real Estate Headlines
Dalian Wanda leads the news today as it heads back to the Hong Kong stock exchange with a new group of backers, which are said to include PAG, Country Garden, Tentcent and Warburg Pincus.
Also in today’s… Read More>>