Less than one year after its offshore affiliate paid $449 million to buy a stake in Seaworld from Blackstone, and just … Read More>>
Featured Stories
Gaw, Sino-Ocean and Huarong Partner to Buy Chicago’s Soho House for $95M
A room for a night at Soho House Chicago will set you back about $365. Membership in the posh private club at the same … Read More>>
Sponsored Features
Why a European Developer Took to the Streets of China to Build a Successful Shopping Centre
Each year, investors, analysts and consultants devote considerable energy in researching which cities in the region are … Read More>>
Turning Nanjing’s Historic Waterfront into a Social Shopping Hub
The city of Nanjing is undertaking a $2 billion project to rebuild a three-kilometre stretch of riverfront which has … Read More>>
Breaking News
Chinese Developer Defaults on $364M in Debt Just One Year After $449M Blackstone Deal
Less than one year after its offshore affiliate paid $449 million to buy a stake in Seaworld from Blackstone, and just nine months after that same unit failed in its $4 billion bid to buy out US senior living operator… Read More>>
HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again
Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled property, a floor in Far East Finance Centre has reportedly broken that short-lived price record.
The 33rd floor of… Read More>>
R&F Breaks Ground on $570M Melbourne Project and More Asia Real Estate Headlines
Leading today’s roundup, Guangzhou-based developer R&F Property has started work on the first phase of a large-scale regeneration project in suburban Melbourne that could bring up to 1,450 homes to the market. Also in the news, China has unveiled the… Read More>>
Knight Frank Builds Overseas Project Marketing Team with Twin Hong Kong Hire
Global property consultancy Knight Frank is bringing a pair of cross-border sales specialists on board to market residential projects in the UK to buyers in Hong Kong. Mei Wong and Fiona Priest are joining the company’s Hong Kong office to… Read More>>
URA to Reveal Winning Bid Amounts and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s urban redevelopment agency has announced a new policy to inform the public of the amounts of successful bids in a move to improve transparency. Also in the headlines, Hong Kong-listed developer… Read More>>
Gaw, Sino-Ocean and Huarong Partner to Buy Chicago’s Soho House for $95M
A room for a night at Soho House Chicago will set you back about $365. Membership in the posh private club at the same address will cost you at least $2,100 per year. Or you can buy the whole building… Read More>>
HNA Sells Rights to Haikou Project to Guangzhou R&F for RMB 5.7B
Guangzhou R&F Properties, the white knight which bought out 70 Dalian Wanda hotels when Wang Jianlin’s commercial developer hit the wall financially, is now officially the partner of another embattled Chinese conglomerate. The Guangdong-based developer announced on Friday that it… Read More>>
Lendlease Enters China Senior Housing Market With $302M Shanghai Project
Australia’s largest provider of senior housing is entering the Chinese elder living market for the first time. Aussie property developer Lendlease is set to develop a RMB 1.9 billion ($302 million) senior living community in Shanghai, China, according to a… Read More>>
Real Estate Finance
Chinese Developer Defaults on $364M in Debt Just One Year After $449M Blackstone Deal
Less than one year after its offshore affiliate paid $449 million to buy a stake in Seaworld from Blackstone, and just nine months after that same … Read More>>
HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again
Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled property, a floor in Far East … Read More>>
HNA Sells Rights to Haikou Project to Guangzhou R&F for RMB 5.7B
Guangzhou R&F Properties, the white knight which bought out 70 Dalian Wanda hotels when Wang Jianlin’s commercial developer hit the wall … Read More>>
Shanghai
Lendlease Enters China Senior Housing Market With $302M Shanghai Project
Australia’s largest provider of senior housing is entering the Chinese elder living market for the first time. Aussie … Read More>>
Benoy Wins Design and Masterplanning for AI Park in Shanghai
Global design firm Benoy has won a competition to serve as masterplanner and architect for a 367,000 square metre … Read More>>
Gaw Closes on $798M Purchase of Sky Soho in Shanghai After Teaming Up With Allianz
Hong Kong’s Gaw Capital Partners announced today that a fund under its management had closed on its RMB 5.01 billion … Read More>>
Singapore
KPF-Led Group Wins Bid to Design Changi Airport Terminal Five in SG
Global architecture firms Kohn Pedersen Fox Associates (KPF) and Heatherwick Studio have won a bid to design the next … Read More>>
CapitaLand Mall Trust Sells SG Mall to Lian Beng JV For $189M
CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net … Read More>>
Christina Tan Takes Over as Chair of Keppel Data Centre REIT
The manager of Keppel DC REIT, which owns more than one million square feet of data centre space, has appointed … Read More>>
Projects
Lendlease Enters China Senior Housing Market With $302M Shanghai Project
Australia’s largest provider of senior housing is entering the Chinese elder living market for the first time. Aussie property developer Lendlease is … Read More>>
JP Morgan to Lease 7 Floors in CapitaLand’s SG Office Tower CapitaSpring
JP Morgan has signed up as the first anchor tenant of CapitaLand's latest skyscraper in downtown Singapore, with the financial services firm agreeing … Read More>>
Swire Tops Out South Island Place Office Tower in Hong Kong’s Wong Chuk Hang
Swire Properties is building a foothold in southern Hong Kong Island, as the blue-chip developer this week celebrated the topping out of South Island … Read More>>
Retail
CapitaLand Mall Trust Sells SG Mall to Lian Beng JV For $189M
CapitaLand Mall Trust (CMT) has sold the Sembawang Shopping Centre for S$248 million ($189 million), generating a net gain for the Singapore-listed … Read More>>
JD.com Says It Will Open 1,000 Convenience Stores Every Day
China’s second-ranking e-commerce company continues to expand its online empire into the offline world as JD.com's founder and chief executive vowed … Read More>>
Alibaba Offline Deals Roll on With $744M Investment in Wanda Film
Alibaba Group has closed on its acquisition of a RMB 4.68 billion ($744 million) stake in Wanda Film to become the film company’s second largest … Read More>>
Asia Outbound
Gaw, Sino-Ocean and Huarong Partner to Buy Chicago’s Soho House for $95M
A room for a night at Soho House Chicago will set you back about $365. Membership in the posh private club at the same address will cost you at least … Read More>>
China’s Outbound Ambitions Not Done Yet as Beijing Builder Eyes $204M London Prize
Beijing Zhaotai Group is poised to make its first foray into the British property market, as the mainland developer is in talks to buy a prime City of … Read More>>
Country Garden Buys $562M East London Housing Project in First UK Foray
Country Garden, China's biggest developer by contracted sales, has made its British debut by buying up a 785-home project in east London for a … Read More>>
Hong Kong
HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again
Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled … Read More>>
Knight Frank Builds Overseas Project Marketing Team with Twin Hong Kong Hire
Global property consultancy Knight Frank is bringing a pair of cross-border sales specialists on board to market … Read More>>
Hong Kong’s Shop King Consolidates Western Site with HK$810M Buy of Butterfly Hotel
Edwin Leong Siu-hung, chairman of property developer Tai Hung Fai Enterprise and one of Hong Kong’s wealthiest men, is … Read More>>
Co-Working & Flexible Office
WeWork Buys China Co-Working Start Up naked Hub for Reported $400M
Global co-working giant WeWork is acquiring Shanghai-based naked Hub for a reported $400 million with the two parties … Read More>>
Co-Working Startup Naked Hub Hires New Expansion Head With Goal of Going Global
Shanghai-based co-working operator naked Hub has hired commercial real estate veteran Paul Mills as Head of Expansion … Read More>>
China’s Biggest Co-Working Operator Opens in New York with High Hopes, New Name
China’s biggest co-working operator has finally opened shop in New York City – and it only took nine months, a legal … Read More>>
Research & Policy
Beijing Restricts Building Heights in Prime District — Derails RMB 8.6B in Office Projects
The Beijing government has retroactively restricted the height of buildings in a prime plot of the city’s core business district to as low as 100 … Read More>>
Hong Kong Home Prices Could Rise Another 10% in 2018 as Colliers Sees Continued Demand
The cost of shelter in Hong Kong continues to defy the laws of gravity, after new home prices in the city surged by 18 percent last quarter to the … Read More>>
Singapore Expats Rejoice as Town Ranks Tops for Living
Singapore once again takes the crown as Asia’s best city for expatriates, according to the Mercer 2018 Quality of Living survey which grades 231 … Read More>>
Design & Construction
KPF-Led Group Wins Bid to Design Changi Airport Terminal Five in SG
Global architecture firms Kohn Pedersen Fox Associates (KPF) and Heatherwick Studio have won a bid to design the next major extension for Singapore's … Read More>>
Benoy Wins Design and Masterplanning for AI Park in Shanghai
Global design firm Benoy has won a competition to serve as masterplanner and architect for a 367,000 square metre research and commercial hub near the … Read More>>
The $1B NYC Tower That Woulda, Coulda Been Wanda’s
Dalian Wanda’s story in the last year has been a cascade of woe as the one-time world-beating investor has sold off projects in the UK, Australia and … Read More>>
