Singapore 

Chatroom: Singaporean indie games developer Joysteak Studios on birbs, burnout, and mental health, Digital, Singapore News

Born in 2017, Joysteak Studios is a three-man squad of NUS graduates: Muhammad Hanif, Tan Kang Soon, and Chue Sai Hou. The trio has been working on an insanely adorable musical platformer, Songbird Symphony, which finally gets to leave its nest on July 25 this year. So far, the award-winning game has already received praise from Waypoint and Alpha Beta Gamer for its relatable, heartfelt story about Birb, a lonely chick with an identity crisis. Players guide Birb on a journey to find out who and what he is, all…

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Logistics developer ESR Cayman scrubs Hong Kong IPO amid ‘market uncertainties’

Logistics real estate developer ESR Cayman said on Thursday it would postpone its proposal to list on the Hong Kong stock exchange, becoming the latest company to scale back plans amid escalating tensions related to the city’s controversial extradition bill and the trade battle between the world’s two biggest economies.“In light of the current market conditions, the company, having consulted the joint global coordinators, has decided that the global offering will not proceed at this time,”… Source link

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Hong Kong developer walks away from Kai Tak project, citing ‘social contradiction and economic instability’

The Hong Kong developer that beat out several of the city’s biggest and wealthiest property groups for a commercial plot at the former Kai Tak Airport in May has had a change of mind after less than a month, saying it will abandon the offer, citing “social contradiction and economic instability”.Goldin Financial Holdings told a telephone conference on Tuesday that it was rescinding its HK$11.1 billion (US$1.42 billion) winning bid for C Site 4 at Kai Tak at the city’s former airport, forfeiting… Source link

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Chinese developer happy with 66pc jump in paper value of its investment in The Center, Hong Kong’s most expensive office building

The chairman of Chinese developer Yuzhou Properties is a contented man.Lam Lung-on’s company, which owns a floor of The Center, Hong Kong’s most expensive commercial building, has seen the paper value of his investment grow by 66 per cent in just two years.The value of the 58th floor of the iconic office building in Central, which was sold to a group of investors for HK$40.2 billion (US$5.12 billion) in May 2017, has appreciated to about HK$50,000 (US$6,381) per square foot from about HK$30,000… Source link

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New York’s Museum of Modern Art to open flagship store in Hong Kong developer New World’s K11 Musea

Hong Kong property developer New World Development is bringing a flagship store of New York’s The Museum of Modern Art (MoMA) to Hong Kong this year.The 6,000 sq ft store, MoMa’s largest in Asia, is to open in August in K11 Musea, the retail part of Tsim Sha Tsui’s Victoria Dockside, which New World wants to develop as a culture and arts district. K11 Musea is expected to open in the third quarter this year.“We look forward to welcoming a wide community of Hongkongers, visitors and tourists,… Source link

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Hong Kong-listed developer Beijing Capital Land fast tracks projects to stay competitive, reports 70pc sales increase

Hong Kong-listed Chinese state-owned developer Beijing Capital Land has reported a 70.6 per cent surge in cumulative contracted sales to 18.8 billion yuan (US$2.7 billion) for the first four months of 2019, on the back of a switch to a strategy of fast turnovers.Ongoing cooling measures put in place by the Chinese government have pushed the company to reduce its average project cycle by 58 days to boost sales. Beijing Capital now tries to obtain project presale permits within nine months, as… Source link

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Property 

Shui On chairman Vincent Lo’s daughter and designated successor calls the shots at the mainland-focused developer

Stephanie Lo Bo-yue, 36, has massive responsibilities. She is raising two young boys, aged two and four, and managing the day to day responsibilities of Shui On Land known for its famous Xintiandi Plaza in Shanghai.Both tasks are challenging, but as the likely successor to the HK$14.4 billion business empire founded by her illustrious father and chairman, Vincent Lo Hong-shui, she has massive shoes to fill.In less than a year after being named executive director, she is making her presence felt… Source link

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Chinese developer eyes shift to ‘lifestyle’ projects featuring mountain biking, golf and other sports

Mainland developer Greenland Hong Kong has charted a new course into sport and entertainment businesses as a way of further cutting its reliance on property construction and sales.Chen Jun, chairman and chief executive of the Hong Kong-listed company, told the Post that sport facilities, sport coaching services and entertainment complexes will be included in its developments in Kunming, Nanning, Haikou and Yellow Mountain with an aim to create new growth engines in the coming years.“The days… Source link

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As China’s housing boom cools, insurer Ping An and developer Cifi shift focus to rental market

The real estate investment platform of Ping An Insurance has joined Shanghai-based developer Cifi Holdings to launch a 10 billion yuan (US$1.5 billion) rental home investment and management business, targeting affordable living for those who have yet to get on the housing ladder.The two companies announced on Thursday they would co-invest in a batch of rental home projects in first- and second-tier mainland cities over the next three years.The investment and management platform will also engage… Source link

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Property 

Hong Kong’s biggest developer Sun Hung Kai commits 30 billion yuan toward 10 property projects in the Greater Bay Area

Sun Hung Kai Properties, Hong Kong’s largest developer by value, said it has commit 30 billion yuan (US$4.45 billion) toward 10 real estate projects in the “Greater Bay Area”.A fifth of that budget will be spent on its first commercial project in the Nanshan district in Guangzhou city, featuring two office towers of 2.36 million square feet, a shopping centre with 860,000 sq ft and 210,000 sq ft in a transport terminal for long-distance buses.“Nansha will transform into an innovation and… Source link

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