daily-sp Archives - Mingtiandi

Japan Post Bank Boosts Real Estate Holdings to $27B as Diversification Continues

Poonyapat Luenam — Wed, 22 Nov 2023 15:10:03 +0000

Japan Post Bank is adding more real estate to its portfolio this year as the company continues to diversify its JPY 226.3 trillion ($1.5 trillion) in assets beyond its traditional reliance on government bonds.

According to a statement issued this... Read More>>

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Receivers Take Over Hong Kong Mansions From Entities Linked to Evergrande Boss

Beatrice Laforga — Wed, 22 Nov 2023 14:52:53 +0000

A creditor has taken over two mansions on Hong Kong’s Peak once valued at a reported HK$1.5 billion ($192 million) in the latest seizure of assets linked to fallen mainland billionaire Xu Jiayin and his China Evergrande Group.

Land Registry... Read More>>

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Hongkong Land Names Mapletree’s Smith Chief Executive as Office Slump Continues

Michael Cole — Tue, 21 Nov 2023 10:07:41 +0000

The biggest landlord in Hong Kong’s Central district is headed to a second straight year of declining profits and the owner of Exchange Square and Jardine House now plans to new leadership in 2024, according to an announcement on Tuesday.

New World’s Henry Cheng Says Searching for Successor, May Opt for External Candidate

Kevin He — Tue, 21 Nov 2023 08:03:42 +0000

Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s business and did not rule out selecting an external candidate, throwing into question the role of his eldest son,... Read More>>

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State-Owned Mainland Investor Buying Control of Vnet Data Centres in $299M Deal

Poonyapat Luenam — Tue, 21 Nov 2023 07:56:56 +0000

A state-run mainland investor is buying $299 million of new shares in Chinese data centre operator Vnet in a deal that will hand control of the Blackstone and GIC-backed company to the Shandong provincial government company.

A pair of subsidiaries... Read More>>

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Social Club in Singapore’s Bukit Timah to Make Way for More Housing

Beatrice Laforga — Tue, 21 Nov 2023 06:48:17 +0000

A private club in Singapore’s upscale Bukit Timah area is set to make way for more housing in one of the city-state’s most exclusive districts, once its lease expires in three years, as the government continues to expand housing supply.

China Lists 50 Real Estate Firms Eligible for Funding and More Asia Real Estate Headlines

Ponrath Sopannarath — Tue, 21 Nov 2023 05:52:33 +0000

Chinese regulators are said to be drafting a list of 50 developers which will eligible for financing as part of a state-backed bailout, with that story leading Mingtiandi’s headline roundup today. Also in the news, McDonald’s agrees to buy Carlyle’s... Read More>>

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Hong Kong Residential Tender Failures in Past 22 Months Surpass 2015-2021 Total

Kevin He — Mon, 20 Nov 2023 14:51:08 +0000

The number of failed residential development tenders in Hong Kong over the last 22 months has surpassed that of the previous seven years, according to a report by consultancy JLL.

The government has withdrawn four residential sites from tenders since... Read More>>

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Swire Selling Hong Kong Office Floors for $693M as Development Plan Steams Ahead

Michael Cole — Sat, 18 Nov 2023 09:03:41 +0000

With rising interest rates dimming the appeal of bank loans, Hong Kong’s Swire Group have turned to their Hong Kong office portfolio to raise cash, with two of the conglomerate’s listed units announcing late Friday that they have agreed to... Read More>>

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LaSalle Confirms Second Singapore Office JV with TE Capital

Michael Cole — Sat, 18 Nov 2023 06:20:45 +0000

LaSalle Investment Management late last week issued a statement announcing its second joint venture with Singapore’s TE Capital Partners, confirming a Mingtiandi report from earlier in the week that the pair have teamed up to purchase an office building in... Read More>>

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