Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Equity Bottom-Up

Far East Consortium International / Equity Bottom-Up

<ul><li>Far East Consortium sold a UK hotel to AMTD IDEA Group for $57M, expanding the latter's presence in the hospitality industry.</li><li>Qingjian and CCCC made a joint bid of $234M for a Singapore site, highlighting the competitive nature of real estate acquisitions in the region.</li><li>C&amp;W reports that the APAC data center market will require a substantial $116B in funding to support its growing pipeline of projects.</li></ul>

Far East Consortium sold a UK hotel to AMTD IDEA Group for $57M, expanding the latter's presence in the hospitality industry.Qingjian and CCCC made a joint bid of $234M for a Singapore site, highlighting the competitive nature of real estate acquisitions in the region.C&amp;W reports that the APAC data center market will require a substantial $116B in funding to support its growing pipeline of projects.

Asia Real Estate Tracker (05-Mar-2025): HK's Far East Consortium sells UK hotel project for $57M.

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>
0.08x P/B. That's where <a href="https://www.smartkarma.com/entities/new-world-development" target="_blank" data-smartkarma-citation="entities:7037:1" rel="noopener">New World Development (17 HK)</a> is currently trading. Less than half the P/B of the next comparable real estate peer.</li>
<li>
So, what's going on? Announcing an expected <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0830/2024083003082.pdf" target="_blank" rel="noopener">HK$19-20bn loss for FY24 </a>last week didn't help matters. Shares are down 14% this week and 85% since Covid.</li>
<li>Landlords need to drastically cut rents to jumpstart the retail sector. That translates to further impairment losses for property developers. </li>
</ul>



0.08x P/B. That's where New World Development (17 HK) is currently trading. Less than half the P/B of the next comparable real estate peer.

So, what's going on? Announcing an expected HK$19-20bn loss for FY24 last week didn't help matters. Shares are down 14% this week and 85% since Covid.
Landlords need to drastically cut rents to jumpstart the retail sector. That translates to further impairment losses for property developers. 


Event-Driven

<ul>
<li>The data in this insight is collated from the "shareholding disclosure" link on the HKEx website.</li>
<li>Often there is a corresponding HKEx announcement on the increase - or decrease - in the shareholding by directors. However, such disclosures are by no means an absolute.</li>
<li>These insights also flag those companies where shares have been pledged, both recently and ongoing.</li>
</ul>


The data in this insight is collated from the "shareholding disclosure" link on the HKEx website.
Often there is a corresponding HKEx announcement on the increase - or decrease - in the shareholding by directors. However, such disclosures are by no means an absolute.
These insights also flag those companies where shares have been pledged, both recently and ongoing.


HK CEO/Director Dealings (22 Sep 2025): TYK Medicine, Chanjet's Full Circulation, Bonjour, Shunten

<ul>
<li>Evidently the influence of a younger hip third-generation tycoon-scion was not the panacea for <a href="https://www.smartkarma.com/entities/new-world-development" target="_blank" data-smartkarma-citation="entities:7037:1" rel="noopener">New World Development (17 HK)</a> and its ongoing issues in the HK/China property space.</li>
<li>As widely expected, Adrian Cheng is stepping down as NWD's CEO, to be replaced by Eric Ma,  Hong Kong’s former secretary for development.</li>
<li>NWD will also sell the rights to provide property management services under the K11 brand to Adrian; and potentially sell its stake in Kai Tak Sports Park to its parent.</li>
</ul>


Evidently the influence of a younger hip third-generation tycoon-scion was not the panacea for New World Development (17 HK) and its ongoing issues in the HK/China property space.
As widely expected, Adrian Cheng is stepping down as NWD's CEO, to be replaced by Eric Ma,  Hong Kong’s former secretary for development.
NWD will also sell the rights to provide property management services under the K11 brand to Adrian; and potentially sell its stake in Kai Tak Sports Park to its parent.


Hong Kong

Far East Consortium International Limited, through its subsidiaries, develops and invests in real estate.  The Company also operates hotels.

Far East Consortium International (35 HK)

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Far East Consortium International (35 HK)

Asia Real Estate Tracker (05-Mar-2025): HK's Far East Consortium sells UK hotel project for $57M.

Far East Consortium sells UK hotel, Qingjian and CCCC bid for Singapore site, APAC data center pipeline needs $116B funding.

Asia Real Estate Tracker

We Need To Talk About New World (17 HK)

Avoid NWD. Landlords need to materially reduce rents to kickstart the retail sector. That translates to more impairment losses. And further woes...

David Blennerhassett

HK CEO/Director Dealings (22 Sep 2025): TYK Medicine, Chanjet's Full Circulation, Bonjour, Shunten

The data in this insight is collated from the "shareholding disclosure" link on the HKEx website. These insights also flag those companies where...

David Blennerhassett

New World Dev (17 HK): Board Games

I'd avoid NWD. While refreshing to see a HK property conglomerate run by someone outside its founding family, it's not clear what new innovation Ma...

David Blennerhassett

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