Three officers of developer Shenzhen Kondarl Group have been detained by Shenzhen police within the last week, according … Read More>>
Featured Stories
Chinese Co-Working Unicorn Ucommune Raises $43.5M at $1.8B Valuation
Chinese co-working startup Ucommune announced this week that it has raised RMB 300 million ($43.5 million) in its latest … Read More>>
Sponsored Features
Hong Kong Retail Picks Up After Four Year Slump
After years of slowing sales, Hong Kong’s retail market has started to pick up, signalling good news for occupiers and … Read More>>
Kardan Land Helps Put Dalian on the Map
When Kardan NV first ventured into the Chinese market more than a decade ago, the European developer focussed on riding … Read More>>
Breaking News
Poly Property Wins Kowloon Residential Site for HK$3.3 Billion
The Hong Kong Lands Department on Wednesday announced that a subsidiary of China Poly Property, has won a tender for a 3,689-square-metre (39,708 square feet) residential site in Yau Tong, in the southeastern end of Kowloon.
Poly Property, China’s fourth… Read More>>
CapitaLand-CDL Consortium Buys 3.7 Hectare Singapore Site for $566M
A CapitaLand-City Developments (CDL) joint bid won a government tender for a 3.7 hectare mixed-use site in northeastern Singapore with a bid of S$777.78 million ($566 million), according to announcements by the two companies.
In their first cooperation since 2007,… Read More>>
Alpha Said in Talks to Sell Seoul Tower for $885M and More Asia Real Estate Headlines
Singapore’s Alpha Investment Partners leads our collection of Asia real estate news as the private fund management division of Keppel Corp shops a Seoul office tower at a reported $885 million price tag. Also getting some ink is the return… Read More>>
Three Directors of Shenzhen Developer Arrested in Kingkey-Led Takeover
Three officers of developer Shenzhen Kondarl Group have been detained by Shenzhen police within the last week, according to announcements by the Shenzhen-listed real estate firm, following a five year conflict between the company’s founder and its second-largest shareholder, Kingkey… Read More>>
HNA Said to Sell Hainan Site to Sunac for $125M
HNA’s sales of European and US assets have been grabbing headlines internationally, but the indebted Chinese conglomerate is also selling assets closer to home, including this week selling the site of its former corporate headquarters, according to accounts in the… Read More>>
CapitaLand in $297M Guangzhou Residential Buy Near Foxconn Mega-Project
Singapore’s CapitaLand is acquiring two adjacent Guangzhou residential sites totalling 150,000 square metres (1.6 million square feet) for RMB 2.05 billion ($297 million). The purchases are in the Zengcheng District of the city, an up and coming area being targeting… Read More>>
China Home Prices Jump 1.2% as Clampdown Pushes Buyers to Smaller Cities
Average prices for new homes in China rose 1.2 percent in July, defying government efforts to ensure housing affordability and to clamp down on property speculation. It was the largest month-over-month increase in two years, as 67 out of 70… Read More>>
Aussie Brokerage Collapses in China as Cash Goes Missing and More Asia Real Estate Headlines
A case of missing money leads today’s real estate headlines as an Australian real estate brokerage tries to figure out what happened to its mainland marketing representative, who appears to have gone missing, along with millions of dollars in deposits.
Real Estate Finance
Three Directors of Shenzhen Developer Arrested in Kingkey-Led Takeover
Three officers of developer Shenzhen Kondarl Group have been detained by Shenzhen police within the last week, according to announcements by the … Read More>>
Blackstone Nears $286M India IT Park Sale in Run-Up to $1B REIT IPO
Blackstone is close to selling a pair of business parks in Pune, India to Indian private equity firm Xander Group for 20 billion Indian rupees ($286 … Read More>>
First Mortgage Rate Hike in 12 Years Ends Cheap Borrowing Era in Hong Kong
After 12 years of enjoying rock-bottom interest rates, mortgage-holders in the world’s most expensive city in which to buy a home saw their days of … Read More>>
Shanghai
China Vanke Adds Shanghai Site to Bring 3-Week Land Buy Total in City to Nearly $1.9B
In less than three weeks time, China’s third biggest real estate developer in terms of sales made three land purchases … Read More>>
Hines Lands Chinese Financial Giant at One Museum Place in Shanghai
One Museum Place, a 60-storey skyscraper in the heart of Shanghai's Jing'an district has landed one of China’s largest … Read More>>
Chongbang Buys Commercial Site on Shanghai’s Sichuan Road for RMB 7.1B
Henry Cheng’s Chongbang Group has purchased a commercial site in Shanghai’s Hongkou district for RMB 7.1 billion ($1.05 … Read More>>
Singapore
CapitaLand-CDL Consortium Buys 3.7 Hectare Singapore Site for $566M
A CapitaLand-City Developments (CDL) joint bid won a government tender for a 3.7 hectare mixed-use site in northeastern … Read More>>
CLSA Puts Robinson 77 Office Tower on the Market for S$725M in Singapore
Robinson 77 is on the market for S$725 million ($530 million), less than two years after a CLSA fund bought the property … Read More>>
Logos Agrees to Buy Site for S$270M Singapore Warehouse
Logos Property has agreed to purchase an industrial site near Singapore's West Coast Highway as the regional logistics … Read More>>
Projects
Poly Property Wins Kowloon Residential Site for HK$3.3 Billion
The Hong Kong Lands Department on Wednesday announced that a subsidiary of China Poly Property, has won a tender for a 3,689-square-metre (39,708 … Read More>>
CapitaLand-CDL Consortium Buys 3.7 Hectare Singapore Site for $566M
A CapitaLand-City Developments (CDL) joint bid won a government tender for a 3.7 hectare mixed-use site in northeastern Singapore with a bid of … Read More>>
HNA Said to Sell Hainan Site to Sunac for $125M
HNA’s sales of European and US assets have been grabbing headlines internationally, but the indebted Chinese conglomerate is also selling assets … Read More>>
Retail
Keppel Launches A$1B Aussie Shopping Centre Fund with Vicinity
Keppel Corporation has signed an agreement with ASX-listed Vicinity Centres to launch a A$1 billion ($743 million) retail property fund. The new … Read More>>
Shop in Suburban Hong Kong Mall Sells for Over US$28K Per Square Foot
As property prices in Hong Kong continue to surge, even 20 square metre shops 17 kilometres from downtown are trading at record prices as the … Read More>>
Nike Gets 25% Rent Cut to Take Over Former Esprit Flagship in Causeway Bay
Athletic apparel brand Nike has stepped in where Hong Kong’s own Esprit faltered, leasing a 7,000 square foot (650 square metre) shop in Causeway … Read More>>
Asia Outbound
Trump Said Forcing HNA to Sell $463M NYC Office Tower
HNA has already sold more than $17 billion in assets in 2018, but even that hypersonic rate of disposals may not be fast enough for the US government, … Read More>>
SG’s Rockworth Capital Buys Brisbane Building for Over A$60M
Singapore’s Rockworth Capital has added to its portfolio of Australian real estate assets with the purchase of 100 Edward Street, a grade B office … Read More>>
Gaw Capital JV Buys 50% Stake in Spanish Hotel Chain for €125M
Gaw Capital Partners announced on Wednesday its €125-million ($146 million) acquisition of a 50 percent stake in Spain’s Hospes Hotel Group through a … Read More>>
Hong Kong
Poly Property Wins Kowloon Residential Site for HK$3.3 Billion
The Hong Kong Lands Department on Wednesday announced that a subsidiary of China Poly Property, has won a tender for a … Read More>>
HK Industrial Project Sells for $98M on Way to Becoming Data Centre
The redevelopment trend in Hong Kong’s largest logistics hub continues to heat up as an unnamed investor bought a 53,000 … Read More>>
Hong Kong Retail Picks Up After Four Year Slump
After years of slowing sales, Hong Kong’s retail market has started to pick up, signalling good news for occupiers and … Read More>>
Co-Working & Flexible Office
Chinese Co-Working Unicorn Ucommune Raises $43.5M at $1.8B Valuation
Chinese co-working startup Ucommune announced this week that it has raised RMB 300 million ($43.5 million) in its latest … Read More>>
Hillhouse, General Atlantic Lead $120M in Funding for WeWork China Challenger
WeWork challenger MyDreamPlus has raised $120 million in a Series C funding exercise involving six investors, including … Read More>>
HK’s Three Garden Road Gets New TEC Location as Shared Office Market Grows
As co-working startups stumble over each other for Hong Kong office space, locally-based serviced office operator The … Read More>>
Research & Policy
China Home Prices Jump 1.2% as Clampdown Pushes Buyers to Smaller Cities
Average prices for new homes in China rose 1.2 percent in July, defying government efforts to ensure housing affordability and to clamp down on … Read More>>
$47B in India Residential Projects Still Stalled Despite Market Rebound
An estimated $47 billion worth of housing projects in India are experiencing delays of from two to eight years, according to a report published … Read More>>
Mainland Investors Dominate as Big Ticket HK Office Deals Jump by 136% in One Year
While restrictions on outward flows of capital have been blamed for drop-offs in Chinese investment in the US, UK and Australia, the impact of … Read More>>
Design & Construction
Guizhou Gets on China’s Design Map With World’s Tallest Waterfall Building
A Chinese developer has decided to fit a waterfall outside a new skyscraper in the country’s southwestern province of Guizhou to the amusement of … Read More>>
Benoy to Design COFCO’s 300,000 SQM Suzhou Complex
Architecture firm Benoy has won an international competition to design a 300,000 square metre, mixed-use project in the eastern Chinese city of Suzhou … Read More>>
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>>
