Real Estate
Banks Eye Seizing Control of Hong Kong's Worfu Mall Amid Loan Default
Banks are considering appointing a receiver for the Worfu mall in Hong Kong after a joint venture involving Schroders Capital and Chelsfield Asia Fund 1 defaulted on a loan. This move highlights the ongoing challenges in Hong Kong's commercial real estate sector.
Real Estate
Sunlight REIT Reports Steady Performance Amid Challenging Market Conditions
Sunlight REIT has announced its interim results for the six months ending 30 June 2025, showing a slight decline in revenue and net property income, but maintaining a robust distributable income and a strong financial position.
Real Estate
New World Development Engaged in Major Loan Refinancing Talks
Hong Kong's New World Development, one of the city's largest property developers, is actively engaged with creditors to refinance existing loans. The company, known for its high debt ratios, is reportedly close to securing a significant refinancing deal.
real estate news
Hong Kong Bankers on Edge Over $11 Billion New World Refinancing
Hong Kong bankers are closely monitoring a high-stakes $11 billion refinancing deal for New World Development, an embattled property developer controlled by one of the city's richest families. The deal, involving over 50 banks, is crucial for the financial health of both New World and the banking sector.
Real Estate
Hong Kong Bankers on Edge Over $11 Billion New World Refinancing
Hong Kong bankers are closely monitoring a high-stakes $11 billion loan deal for New World Development, an embattled property developer. The deal, involving over 50 banks, could have significant repercussions if it fails to materialize by the end of June.
Real Estate
Hong Kong Home Prices Drop by 0.9% in February 2025
In February 2025, home prices in Hong Kong experienced a 0.9% decline despite government efforts to stimulate the property market, including lifting all restrictions on property purchases and easing down payment ratios.
real estate news
Hong Kong Home Prices Decline by 0.9% in February 2025
In a recent market update, home prices in Hong Kong experienced a 0.9% dip in February 2025, reflecting ongoing economic challenges and market adjustments.
Real Estate
Hong Kong Property Magnate Lee Shau Kee Passes Away at 97
Hong Kong's prominent property developer Lee Shau Kee, the visionary leader behind one of the largest real estate empires in the former British territory, has passed away at the age of 97.
real estate news
Hong Kong Property Mogul Lee Shau Kee Passes Away at 97
Hong Kong property developer Lee Shau Kee, a prominent figure in the real estate industry, has died at the age of 97. Lee was the chairman of Henderson Land Development, one of the largest real estate companies in Hong Kong.
real estate news
AI and Real Estate Boost China and Hong Kong Markets
AI investments and cheaper models are attracting investors, while global interest reassesses China's tech investability. A significant surge in real estate shares is also driving market optimism.
Real Estate Mumbai
Shimao Group Faces Liquidation Petition in Hong Kong
Shimao Group, a prominent Chinese property developer, has been hit with a liquidation petition by CPYM Link Investment Limited, marking the second such case against a Chinese developer in just two days.
Real Estate
Hong Kong Halts Commercial Land Sales for Seventh Consecutive Quarter
Hong Kong's government has announced that it will not sell any commercial land in the quarter from October to December, citing low demand and high office vacancy rates.
Real Estate
Mayer Brown Facilitates M&G Real Estate's Disposal of LiFung Centre in Hong Kong
Mayer Brown's multidisciplinary team in Hong Kong advised M&G Real Estate on the successful sale of LiFung Centre, a vast 487,350 square feet logistics property.
Real Estate
Logan Group Secures $1 Billion Loan to Support Restructuring Efforts
Logan Group, a prominent real estate developer, has obtained a vital loan exceeding $1 billion through Unicorn Bay (Hong Kong) Investments, a firm in which it holds a 50% stake.
real estate news
Hong Kong Home Prices Plummet 1.9% in July 2024: A Growing Concern for the Property Market
Hong Kong's private home prices fell for the third consecutive month, with a 1.9% decline in July, as potential buyers wait for more rate cut signals.
Real Estate
Logan Group Bags HK$8.2 Billion Loan for Luxury Property Development
Logan Group secures massive loan for luxury property development in Hong Kong. The loan will be used to develop a high-end residential project.
Real Estate Mumbai
Global Housing Trends: Smallest Apartments in the World
Indians can purchase property in 5 overseas locations, but be prepared for tiny apartments
real estate news
Hong Kong's Distressed Property Market Sees Surge in Sales Amid Tepid Market Conditions
As interest rates rise and rental income falls, lenders and landlords in Hong Kong are accepting steeper losses, leading to an increase in distressed property sales.
real estate news
Chinese Property Firms Surge Despite Sales Decline
Chinese property developers saw a surge in shares despite a decline in sales, thanks to government support measures.
real estate news
Hong Kong Home Prices Experience 1.2% Dip in May
Hong Kong home prices have decreased by 1.2% in May, marking a significant shift in the property market.