Most of the new supply already being built will be on Cotai, where one new hotel, offering 2,724 rooms, is being developed. Another 204 rooms are being developed on the Macau peninsula. The 10 hotels …
Hong Kong’s property distress catching up with city’s banks
Prices of office buildings, shopping malls and other properties have fallen more than 40 per cent from their highs in 2018. Read more at straitstimes.com.
New World debt turmoil rocks one of Hong Kong’s richest families
For decades, Hong Kong’s “big four” property dynasties have been viewed as cash-rich bastions of stability. A crisis of confidence at New World Development is now putting that notion to the test. Read …
HK’s New World Development in talks over potential K11 Art Mall disposal
Hong Kong-based property developer New World Development on Friday confirmed it is conducting ongoing negotiations for the potential sale of its shopping centre, K11 Art Mall.
Taiwan’s GDP growth up on back of domestic demand
By bno – Taipei Bureau Taiwan’s GDP growth for 2024 has been driven by strong domestic demand, although a larger-than-anticipated drag from net exports in the fourth quarter weighed on the overall …
Metro project, abandoned buildings on Kuwait’s Municipal Council agenda
This amendment is part of Ministerial Resolution No. 278 of 2021, which organizes construction work in the zone and aims to introduce some proposed new activities …
How to Buy Property in Cambodia as a Foreigner
Who can buy property in Cambodia? Foreign nationals are allowed to own properties such as condominiums or apartments, provided they are not located on the ground floor and do not exceed 70% of the …
Radisson opens second Galle property
Radisson has opened the Radisson Collection Resort, Galle on Sri Lanka’s south coast. The resort has 70 rooms, 36 spacious suites and a 1,200-square meter Grand Penthouse and is Radisson Hotel Group’s …
Vietnam property developer Novaland incurs first yearly loss since 2016 listing
Novaland, a leading real estate developer in Vietnam, reported a yearly loss for the first time since its listing in late 2016 as the firm has been struggling with financial distress.
Brookfield Seeks to Buy More Japan Property After $1.6 Billion in Deals
Brookfield Asset Management Ltd. said it plans to ramp up real estate investments in Japan after buying a stake in a landmark Tokyo hotel and a large plot of land for logistics development in deals …