…0 sq ft space on the second floor of Clarke Quay Central is Lumine’s first store outside of Japan. It carries 20 Japanese clothing and accessory brands, 17 of which are new to Singapore. Read more>> Ascendas Hospitality Trust Leases Out Tokyo Hotel and Residences Ascendas Hospitality Trust (A-HTrust) has, through Ascendas Ariake Godo Kaisha, entered into a memorandum of understanding (MOU) to lease a hotel property to conglomerate Sotetsu Hotel Ma…
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Mortgage Scams Add Fresh Excitement to China Credit Mix and More Asia Real Estate Headlines
…filed in a Shenzhen court. Read more>> Starbucks Opens 2,800 SQM Roastery Store in Shanghai Starbucks is making a big impression in Shanghai: a 30,000-square-foot impression. Opening Tuesday in the Chinese city is Starbucks’ second Reserve Roastery, a “megastore” that is more of a mecca for coffee lovers than a traditional cafe. The locations, which feature small-batch roastings of rare and exotic coffees, are under the careful watch of former St…
Kerry and Sino Land Win Wong Chuk Hang MTR Site and More Hong Kong Real Estate Headlines
…Sale Rack FamilyMart Uny Holdings Co., Japan’s second-largest convenience store operator, is considering a sale of its Hong Kong retail business, people with knowledge of the matter said. FamilyMart Uny is working with a financial adviser to gauge potential buyer interest in its three stores in the Chinese territory, according to the people. It is seeking to fetch close to $100 million from any sale, one of the people said, asking not to be ident…
Norway’s $1T Sovereign Fund Enters Asia with $823M Tokyo Bet
…adjacent Minato ward. The property at 1-8-10 Jingumae, Shiubya, is a nine-storey commercial tower called The Ice Cubes. Built in 2008, the 3,060 square metre building resembling a stack of ice blocks is anchored by an H&M store on the ground floor. The seller, Veloqx Group, which develops properties in Tokyo and other locations, is believed to be controlled by billionaire London property investor Samuel Lee Tak-yee and his family. The Lee family…
Shop King Buys Hang Lung Retail Centre for HK$330M and More Hong Kong Real Estate Headlines
…K$1 million per month, 55 percent lower than its previous lease to jewelry store Chow Sang Sang. Causeway Bay was recently ranked as Asia’s most expensive retail location, behind only upper 5th Avenue in New York. Read more>> Carrie Lam Focuses Housing Policy on Boosting Land Supply Hong Kong’s leader says she has never pledged to turn the tide on surging property prices in the city, which has remained the world’s priciest home market for the seve…
Wang On Said Buying Pokfulam Project for HK$900M and More Hong Kong Real Estate Headlines
…i’s first retail location in Hong Kong, and was formerly leased to jewelry store Chow Tai Fook for HK$3 million ($380,000). Read more>> Tsuen Wan Industrial Site Receives 10 Bids An industrial site located at Ma Kok Street in Tsuen Wan received ten bids before the public tender ended at noon on December 31st, with the plot expected to bring in up to HK$1 billion ($127.9 million). Bidders included Emperor Group, K&K Properties, Laws Group, Wheelock…
Singapore Could See 10% Home Price Boom and More Asia Real Estate Headlines
…ackage, as well as a seven-story, 300,000-square-foot Nordstrom department store. Extell is co-developing Central Park Tower with SMI USA, the US subsidiary of Shanghai Municipal Investment. Read more>> Citi Sees Top Chinese Developers Gobbling Up Market Share China’s large developers are tightening their hold on the country’s real estate market, capturing an ever-larger share even as sales growth is expected to slow and worries about debt persist…
Causeway Bay Shop Loses 14% of Value in Two Years and More Hong Kong Real Estate Headlines
…K$86 million ($11 million) in 2007. That unit has been leased to a jewelry store for HK$540,000 ($69,016) per month since 2014. The rent has dropped 29.6 percent to HK$380,000 ($48,566) per month since the contract was renewed last year. Read more>> SHK Said to Add 57 Blocks of Townhouses in Wetland Buffer Area Sun Hung Kai Properties plans to add 57 blocks of three-storey townhouses in the residential area at Nam Sang Wai, Yuen Long, by increasin…
HNA to Develop Kai Tak Site Alone and More Hong Kong Real Estate Headlines
…ding on no. 1 San Hop Lane was approved earlier to be re-developed as a 10-storey office building of 85,000 square feet GFA with retail space on the first four floors. The adjacent building on sale is to be re-developed as a 28-storey commercial building comprised of 204,000 square feet GFA. Read more>> Tune in again later for more Hong Kong news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as…
Hong Kong Disneyland Losses Double to $44M and More Hong Kong Real Estate Headlines
…k that La Perla Far East had failed to pay rent for two months on the five-storey store opposite Times Square on Russell Street. The company also paid December’s rent late, the landlord said. Read more>> Strata-Titled Kwun Tong Unit Sells For HK$187M An entire floor and a set of four car parking spaces in Rykadan Capital Tower, located at 135 Hoi Bun Road, Kwun Tong is being put on the market at an asking price of HK$187 million ($24 million). The…
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