Unpaid debt leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a court has frozen assets belonging to a Chinese state-owned developer after it defaulted on RMB 1.7 billion ($240 million) in debt.
Hong Kong property billionaire Peter Woo is offering to take Hong Kong-listed Wheelock & Company private in a deal worth just under HK$48 billion ($6.2 billion), according to a stock exchange filing.
Woo, whose family controls the 93-year-old firm chaired… Read More>>
Louis Vuitton is set to become the second major fashion brand to opt not to renew a lease in Hong Kong since the start of the city’s pro-democracy protests seven months ago, as retail sales plunge in the Asian financial… Read More>>
Kr Space has surrendered its lease in Hong Kong’s Times Square, bringing to a close the mainland co-working startup’s ill-fated venture into the Asian financial hub, according to industry sources who spoke with Mingtiandi.
The Beijing-based operator, which completed a… Read More>>
As clashes between police and protesters in Hong Kong escalate, the largest piece of land on the site of the Asian financial hub’s former airport has been sold at a discount to a consortium of Hong Kong-listed developers.
The city’s… Read More>>
Land deposits lead the way in Mingtiandi’s roundup of real estate headlines today with the news that the Hong Kong Lands Department is doubling deposit requirement on government land sales to HK$50 million ($6.3 million) after a nervous buyer backed… Read More>>
Shared office giant WeWork leads the news again today as Japan’s Softbank decides to wager another $1 billion that leasing offices on a retail basis will continue to be a growth industry. Also in the news, a UK sports retailer… Read More>>
At the top of Asia’s property news today, the diplomatic outcome of the recent US-North Korean summit in Singapore has yet to be measured, but political event is already paying big dividends for Chinese property owners near the North Korean… Read More>>
Leading today’s Hong Kong real estate news, Kerry Logistics is said to be marketing a portfolio of 12 warehouses in the city at an asking price of up to HK$12 billion, and a Guangzhou developer has snatched up an aging… Read More>>
Leading today’s Hong Kong real estate news, more hotels are being converted to co-living space in search of greater rental yields, and the government is casting about for solutions to relieve the city’s housing crisis, including build flats at a… Read More>>