Asia Pacific real estate investment news and information
South Korea’s dalliance with US hotels has been derailed for the second time in five weeks, after a $2.5 billion Las Vegas strip project financed by a Seoul-based asset manager has defaulted on its debt obligations.
New York-based Witkoff, which… Read More>>
Chelsfield Asia has closed its first value-add pan-Asia fund at $362.5 million, as the Asia arm of the UK developer readies to deploy dry powder in what CEO Nick Loup calls a “once-in-a-generation opportunity for investing”.
Alongside the $362.5 million… Read More>>
Allianz Real Estate has braved the downturn in Japan to pick up a portfolio of multifamily properties in Tokyo for €110 million ($122 million), announcing the deal just weeks after the property investment arm of the European insurance giant opened… Read More>>
Hong Kong’s “Shop King”, Tang Shing-bor, has put a portfolio of commercial and residential properties on the market for a combined HK$1.5 billion ($190 million), according to a local news report.
Property consultancy Savills, which is marketing the Kowloon and… Read More>>
Real estate fund manager KaiLong is reported to have sold eight office floors in a commercial property in Hong Kong’s Sheung Wan neighbourhood for a combined HK$350 million ($45 million), as the Warburg Pincus-backed firm continues its strata sales strategy… Read More>>
Stocks in Hong Kong’s major developers, including Sun Hung Kai, CK Asset and Wheelock, plunged on Friday on the news that Beijing is planning to impose controversial national security laws in Hong Kong.
After China’s central government on Thursday announced… Read More>>
New World Development has agreed to sell the podium levels of the Cosco Tower in Hong Kong’s Sheung Wan area for 45 percent less than the property giant had been asking for the commercial property just three months ago, according… Read More>>
An A$3.6 billion ($2.3 billion) Brisbane casino resort backed by a pair of Hong Kong heavyweights has secured financing that allows the controversial development to press ahead despite opposition from preservationists and design groups.
Australian gambling and entertainment company Star… Read More>>
Asia’s real estate markets have reawakened in May with the world’s largest brokerages handling a string of investment and leasing transactions in Hong Kong, mainland China and Singapore after deals came to a near halt during April, according to data… Read More>>
The property conglomerate chaired by the son of Hong Kong’s richest man has warned shareholders to expect a fall in profits for the first half of the year, marking the first time the company has issued a profit warning since… Read More>>
