May – News In Brief | Asia Property

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May – News In Brief

Published on May 11th, 2014

Hong Kong trial begins for Sun Hung Kai Properties chairmen The corruption trial of Sun Hung Kai Properties chairmen Thomas and Raymond Kwok, alongside former Hong Kong chief secretary Rafael…

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Comment

No big bang for China housing bubble

While many of China’s housing developers are in trouble, fears of a financial meltdown as the house price bubble bursts have been overplayed. Deflation of the bubble, backed by more...

Companies & People

MAY - COMPANIES and PEOPLE

Savills set to swallow studley in US Savills is set to buy US brokerage Studley for up to $260m. The proposed deal would add 400 brokers and 175 support staff...

Diary

MAY - DIARY

Sony seems an unlikely player in property services game Sony, creator of the Walkman and the PlayStation and on target for a $1.1bn loss for the year to 31 March,...

News

R&F sells 80% of Guangzhou tower in drive to slash debt

R&F Properties has sold an 80% stake in a Guangzhou office tower for $755m in one of the largest deals in Southern China. An unnamed domestic investor bought the interest...

News

Greenland kicks off Malaysia drive with Danga Bay site

Greenland Group has made its first investment in Malaysia by acquiring a waterfront site in Iskandar Malaysia for RM600m ($184m). The state-owned developer bought the 5.6ha site on Danga Bay...

Research

RESEARCH IN BRIEF

• Asia Pacific was the worst- performing region for real estate stocks in April, despite the FTSE EPRA/NAREIT Developed Asia Index rising 1.8%. The European index was the top performer,...

World News

Goldman’s latest debt vehicle pulls in$4.2bnwarchest

US investor injects $600m of own money into fund, as a record 53 vehicles target property debt sector  Goldman Sachs has amassed $4.2bn of firepower for its latest real estate...

Survey

Foreign investors jostle for space alongside the locals in teeming and booming Tokyo

Overseas players targeting the Japanese capital’s red hot investment market may struggle in the face of fierce domestic competition, while targeting higher yields in other cities can be a risky...

World News

Candy report tips resi’s sweet spots

The Candy GPS Report, produced by Candy & Candy, Savills World Research and Deutsche Asset & Wealth Management, has tipped 12 secondary cities for luxury residential growth. The cities are:...

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