The U.S. government agreed to sell a compound for consulate staff in one of Hong Kong’s most exclusive residential areas to a local developer for nearly a third of a billion dollars. Property agent CBRE Group Inc. said on Thursday the buyer would pay $332 million (reported as 2.57 billion Hong Kong dollars), for the … Read more
The U.S. unveiled a set of visa and export restrictions targeting Chinese state-owned companies and their executives involved in advancing Beijing’s territorial claims in the contested South China Sea, a new challenge to China involving the strategic waters. Wednesday’s actions by the State and Commerce departments apply to a range of state-owned enterprises, including units … Read more
As Beirut reels from the blast that killed more than 180 people and damaged thousands of homes in prime areas of the city, some buyers and real-estate brokers are seeking to exploit the devastation with cut-rate offers to buy property from distressed owners—deals that could ultimately reshape Beirut’s historic neighborhoods. Source link
Fighting between Islamic extremist rebels and Mozambique’s army over a key port is threatening to disrupt the East African nation’s burgeoning natural-gas developments, including a multibillion-dollar project led by French energy giant Total SA . The insurgent group, which is affiliated with Islamic State, seized control of the Mocimboa da Praia port this month and … Read more
Heavy rains that again swelled the Yangtze River are expected to hit the Three Gorges Dam with its largest-ever flood this week. The new rainfall at a time when summer rains usually have subsided threatens to prolong a crisis that has already caused billions of dollars in economic losses and displaced millions of people. In … Read more
US private equity major Blackstone Group has invested over $8 billion in Indian real estate and continues to be bullish on the country’s property sector, especially office spaces, even as it evaluates more investment opportunities here, said Christopher Heady, Asia-Pacific chairman and senior managing director, Blackstone. In an exclusive chat with Kailash Babar, Heady talks … Read more