Following a record year in 2013, transaction volumes in Asia Pacific’s commercial real estate markets slid 15 percent year-on-year during the first quarter of 2014, with the value of investment deals in China dropping 18 percent, according to a recent… Read More>>
HK Developer Wharf Hints at Further China Housing Discounts
Hong Kong real estate powerhouse Wharf (Holdings) hinted that more discounts could be on the way for its China projects as even the strongest property companies become troubled by the country’s home sales headwinds.
The 128-year-old Hong Kong conglomerate has… Read More>>
Vanke Picks Up 2nd HK Real Estate Project for HK$860 Mil
China Vanke, the mainland’s biggest developer by sales, continued its global expansion this week by acquiring a residential site in Hong Kong for HK$860 million (RMB 688 million). The project will be Vanke’s second venture in Hong Kong and will… Read More>>
Dutch Designers Team with Gaw Capital to Transform HK Warehouse
Hong Kong private equity shop Gaw Capital and Dutch design firm MVRDV have started transforming a Kowloon warehouse into an 18,000 square metre set of luxury loft offices in a developing business area of Hong Kong.
MVRDV’s conversion of the… Read More>>
Developer China Vanke Moves Stock Listing to Hong Kong
The biggest real estate company in the world’s second largest economy, China Vanke, announced this week that it is moving its stock listing from Shenzhen to Hong Kong.
The move, which was reported in the Wall Street Journal yesterday, allows… Read More>>
HK Most Expensive Place to Live and Work, Shanghai is 10th
Hong Kong is the world’s most expensive city for companies to locate employees, with mainland competitor Shanghai coming tenth, according to a recent survey by real estate consultancy Savills.
However, a separate poll published today by the Economist rates Singapore… Read More>>
Construction Slowdown Seen Bringing HK Flat Prices Back Up
Hong Kong’s property market continues to experience a shortage of new supply, with the number of completed flats falling to a four-year low last year, but analysts expect supply to pick up in coming years.
Figures from the quarterly report of the Housing Authority show that only 8,300 new private residential units were completed last year – nearly 18 per cent less than 2012. The number also fell far short of the government’s expectation of 13,551 flats for 2013.
Mapletree Sets Records with HK$3.77B Buy of Hong Kong Site
A fund managed by Singaporean real estate developer Mapletree set new records for land prices in Hong Kong’s Kowloon district recently with its purchase of a commercial site for HK$3.77 billion (US$486 million).
The successful bid by Mapletree investments, beat… Read More>>
Li Ka-shing Trust Opposes Hong Kong REIT Reform Plan
A REIT controlled by Hong Kong’s richest man, Li Ka-shing is bucking a Hong Kong government proposal that would widen the scope of activity for real estate investment trusts listed on the Hong Kong stock exchange.
Justin Chiu Kwok-hung, who heads Fortune REIT, a trust operated by Li’s Cheung Kong Holdings has stated that the proposal, which would allow REITs to engage in new project development may present too much risk.
Comings and Goings: Who’s Changing Jobs in China Commercial Real Estate 2013-11-18
Each week on Mingtiandi we track who among China’s commercial real estate community has left their former role, been promoted, or decided to become a drummer for a Shanghainese troop of belly dancers.
Niall Faherty has left his role as… Read More>>