Hong Kong’s Kwun Tong district has chalked up another landmark transaction, with Wheelock subsidiary Wharf Group selling a waterfront office tower project to mainland developer LVGEM for HK$9 billion ($1.2 billion), in one of the biggest real estate deals in… Read More>>
HNA Moves Forward on SG Logistics Acquisition and More Asia Real Estate Headlines
Leading off today’s news China’s HNA Group shows some signs of post-crackdown life as it moves another step forward on its acquisition of a Singapore logistics provider. Meanwhile in Hong Kong, top developer Wheelock tries out some new high prices… Read More>>
China Denies Crackdown Reports And More Asia Real Estate Headlines
China’s outbound clampdown continues to dominate the headlines this week as the country’s top insurance regulator pours cold water on a recent report that it pressured Anbang Group to sell off its overseas assets. Meanwhile the government’s drive to curb… Read More>>
HK’s Wharf Hopes to Spin Off Investment Assets and More Asia Real Estate Headlines
Some of Hong Kong’s biggest developers chose Friday to release their 2016 earnings, and those reports of success or failure lead today’s property headlines. Top builder Wheelock is cheerful enough after their results to test out the idea of a… Read More>>
Blackstone, GIC Lead Wave of India Investment and More Asia Real Estate Headlines
The news kicks off this week with a tally of international investment in India revealing the top five foreign players in an increasingly global market. Also in the headlines, C&W says finding a home for your company in Hong Kong… Read More>>
Panel Urges Ban on Chinese SOE Acquisitions in the US and More Asia Real Estate Headlines
Friday brings good news for Wheelock while Hong Kong homebuyers and China’s state owned enterprises are probably looking forward to get the week done with. Starting with the good, Wheelock won a residential site in its home market for HK$6.39… Read More>>
What Stamp Duty? Pair of HK Apartments Sell for $117M Two Days After Restriction Debuts
After just three days, it’s safe to say Hong Kong’s new home price stamp duty hasn’t quite worked as government officials would have hoped. The curbing measures, which took effect on Sunday, slapped a levy of 15 percent on residential… Read More>>
Shanghai Banks Told Not to Lend to Property Industry and More Asia Real Estate Headlines
The headlines are full of stories of the Chinese government clamping down on credit to the real estate industry today, including comments from a top banking regulator saying that property loans are not a big issue. In other news, Hong… Read More>>
Vancouver Home Sales Fall 33% After Tax on Foreigners and More Asia Real Estate Headlines
Leading the real estate market news today, home purchases in Vancouver fell by 33 percent last month after the government began taxing foreign home buyers, but the impact of a similar 15 tariff on non-residents of Hong Kong seems to… Read More>>
Mainland Billionaire Spends $580M to Add One Harbourgate to HK Portfolio
A Chinese property investor who spent HK$2.1 billion ($271 million) in June to acquire Hong Kong’s most expensive home has added to his portfolio in the city with the HK$4.5 billion ($580 million) purchase of the east tower in Wheelock… Read More>>
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