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Hang Lung Properties, a prominent Hong Kong property development firm, recently announced the appointment of retail expert, Leo Tsoi, as their new CEO and Executive Director. His tenure is scheduled to commence effectively as of October 1. In an initial…
Despite the overall downturn in Hong Kong’s retail market, fast-food conglomerate McDonald’s has successfully managed to sell close to half of its 23 retail properties in the city at premium rates. The selling spree initiated in July of the previous year, in…
Luxstay has raised $4.5 million from South Korean retailer GS Shop and venture capitalist Bon Angels in its bridge round. A Luxstay representative said Wednesday that receiving funding from reputable international investors in this round is an important…
APAD Australia Property and Development and Mitraland Australia are extending an invitation to the general public to attend an event on Nov 19-20 which is a 2-hour educational seminar and presentation on how to buy property in the Australian market, insights…
Asean property markets are promising, with Cambodia offering the most attractive prospects due to strong demand and limited supply, notably in Phnom Penh. Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said prime residential…
Real estate markets in Asia will likely remain less appealing than those in the US and Europe this year, with Asia plagued by anaemic economic growth and waning rents and capital values amid a supply deluge. In a recent interview with The Business Times, CBRE…
China’s slowing economy has claimed another victim, as Hang Lung Properties reported on Thursday a 56% fall in 2015 net profit from a year ago. The property developer said its net income declined to 5.09 billion Hong Kong dollars ($653 million) for the…
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