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Asia Pacific Property Markets Review June





June   2016




  • The founder of the Fragrance chain of hotels Koh Wee Meng is reported to have paid AUD 5.5 million for a prized island off the north-east coast of the Australia's Tasmania - complete with an airstrip, lighthouse, and colonial-style homestead. Koh is reportedly plans to use the island, called Waterhouse Island, as a private retreat before he develops an eco-tourism project on it. (June 2) 

  • China's property development investment grew 7% year on year in the first five months ended May, among which residential property accounted for 66.9% of the growth, according to the data released by the statistics bureau today (June 3)

  • Macau-based Shun Tak Group said it is selling 50% stake to Abu Dhabi Investment Authority for approximately HKD3.15 billion for 50% interest in the shopping mall located under the Nova City in Taipa Macau. The two seek to co-develop the a mall in Taipa through the 50/50 joint venture upon the transaction (June 21) 

  • NWS Holdings sold NWS Kwai Chung Logistics Centre to a subsidiary of China Resources Enterprise, for HKD 3.75 billion (June 29)



-- APMR News






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