An index of property shares on the Singapore stock market rose by around 16 percent in the first half of 2018, but even … Read More>>
Featured Stories
Defaulting Developer’s RMB 1.4B Deal with Kaisa Held Up by Shenzhen Exchange
Less than three months after revealing that it had defaulted on more than RMB 1.1 billion ($174 million) in debts, … Read More>>
Sponsored Features
Benoy Blends Heritage and Innovation with New Hangzhou Art Center
The eastern Chinese city of Hangzhou has sought to raise its profile as a centre of both innovation and culture, equally … Read More>>
Australia Bids to Be Top Destination for Chinese Property Investors
Australia is closing in on the United States to become the primary destination for Chinese offshore capital as domestic … Read More>>
Breaking News
Anbang Said Looking to Sell $10B in Overseas Properties and More Asia Real Estate Headlines
With HNA’s clearance sale still in full force, another of China’s high profile cross-border players is getting ready for its $10 billion end of season promotion. The mainland’s biggest developer also continues to grab headlines for all the wrong reasons… Read More>>
Wheelock Makes S$2.5B Buyout Offer for Singapore Subsidiary
An index of property shares on the Singapore stock market rose by around 16 percent in the first half of 2018, but even that healthy increase hasn’t been enough to prevent Hong Kong-listed Wheelock and Company from seeking to take… Read More>>
HNA Said Selling Shenzhen Project to Tianji Wealth for RMB 1.6B
Continuing HNA’s ongoing series of asset sales, local media reports emerged today that the mainland conglomerate’s Hainan Airlines Real Estate unit is selling a mixed-use complex in Shenzhen for RMB 1.6 billion ($240 million).
The latest asset to go out… Read More>>
Minsheng Unit Breaks Ground on San Francisco Tower and More Asia Real Estate Headlines
A cross-border development unit of China Minsheng Investment has broken ground on its first project in San Francisco, where home will costs at least $2.5 million just to build. Also in the news, the “charitable foundation” which HNA set up… Read More>>
Defaulting Developer’s RMB 1.4B Deal with Kaisa Held Up by Shenzhen Exchange
Less than three months after revealing that it had defaulted on more than RMB 1.1 billion ($174 million) in debts, beleaguered Chinese real estate developer Zhonghong Holdings is struggling to explain a deal with Shenzhen-based Kaisa Group that could bring… Read More>>
Beijing Cracks Down on Illicit Loans for Land Purchases
The average price of buying a new home in China rose five percent in June compared to the same month in the previous year, but Beijing’s home price inflation firefighters are already showing their readiness to keep the city’s rekindled… Read More>>
UOL Continues Hospitality Expansion With $56M Double-Barreled Jakarta Deal
Less than two months after buying a $771 million site in central Singapore, SGX-listed UOL Group has taken its 2018 expansion program to Jakarta by purchasing 180 apartments at the city’s Thamrin Nine development and inking a deal to manage a… Read More>>
Thailand’s Central Group Hopes for $1B Retail IPO and More Asia Real Estate Headlines
Department stores are closing down faster than popsicle stands in November in most parts of the world, but Thailand’s largest retailer makes news today with news of plans to use its collection of department stores to anchor a hoped for… Read More>>
Real Estate Finance
Wheelock Makes S$2.5B Buyout Offer for Singapore Subsidiary
An index of property shares on the Singapore stock market rose by around 16 percent in the first half of 2018, but even that healthy increase hasn't … Read More>>
HNA Said Selling Shenzhen Project to Tianji Wealth for RMB 1.6B
Continuing HNA’s ongoing series of asset sales, local media reports emerged today that the mainland conglomerate’s Hainan Airlines Real Estate unit is … Read More>>
Defaulting Developer’s RMB 1.4B Deal with Kaisa Held Up by Shenzhen Exchange
Less than three months after revealing that it had defaulted on more than RMB 1.1 billion ($174 million) in debts, beleaguered Chinese real estate … Read More>>
Shanghai
Colliers Appoints Martin Chavez to Head China Corporate Client Team
Colliers International this week announced the appointment of former Cushman & Wakefield executive Martin Chavez as … Read More>>
Shui On Leads RMB 13.6B Purchase of Commercial Site Near Shanghai’s Xintiandi
In a joint effort with a pair of state-owned mainland partners, Xintiandi developer Shui On Land has won a government … Read More>>
RMB 7.1B Hongkou Site Leads Set of Four Upcoming Shanghai Land Tenders
Shanghai put four commercial and residential land parcels up for tender this past week, making available new sites … Read More>>
Singapore
Wheelock Makes S$2.5B Buyout Offer for Singapore Subsidiary
An index of property shares on the Singapore stock market rose by around 16 percent in the first half of 2018, but even … Read More>>
SG Private Home Sales Dropped 42% in June as 2018 Turns From Feast to Famine for Developers
Singapore's sales of new homes residential sales plummeted 41.7 percent in June compared to July, with the slump in … Read More>>
Chelsfield Said in Due Diligence for S$550M Buy of SG’s Manulife Centre From Alpha and CDL
In what would be its first Singapore deal, UK property developer Chelsfield is said to be closing in on an acquisition … Read More>>
Projects
KPMG Said Taking Up to 10 Floors in Swire’s South Island Place
International accounting firm KPMG is said to have signed up for 150,000 square feet (14,000 square metres) of space at South Island Place, an … Read More>>
Shui On Leads RMB 13.6B Purchase of Commercial Site Near Shanghai’s Xintiandi
In a joint effort with a pair of state-owned mainland partners, Xintiandi developer Shui On Land has won a government tender for a 78,256 square metre … Read More>>
Hong Kong’s Lofter Group Bets HK$500M on Developing Grade A Offices in Kowloon
Hong Kong's world leading office rents are leading to conversion of more of the city into places to park desks and monitors as well as to greater … Read More>>
Retail
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>>
GIC Leads $200M Funding Round to Help China O2O Coffee Startup Take on Starbucks
A Chinese online-to-offline (O2O) coffee startup is claiming a $1 billion valuation, and unicorn status, after raising $200 million from a group that … Read More>>
Suning Inks RMB 20B Smart Mall Joint Venture with China Evergrande
Chinese retailer Suning.com is setting up a RMB 20 billion ($3 billion) joint venture with Evergrande Real Estate Group to develop commercial plazas … Read More>>
Asia Outbound
Country Garden Denies Bribing Politicians to Help Secure Sydney Area Sites
Australia’s real estate market has been scorching in recent years with brokers struggling to supply an adequate pipeline of sites to both local … Read More>>
Lai Sun Wins Approval to Build City of London’s Third-Tallest Tower
Hong Kong’s Lai Sun Group has won approval to develop a 56-storey office tower on London’s Leadenhall Street, after tycoon Peter Lam’s … Read More>>
Ping An, Citic Bank and AVIC Trust Join $2.8B Investment in UK Data Centre Developer
Data centre developer Global Switch Limited announced last week that a consortium of Chinese investors including AVIC Trust and Hong Kong affiliates … Read More>>
Hong Kong
KPMG Said Taking Up to 10 Floors in Swire’s South Island Place
International accounting firm KPMG is said to have signed up for 150,000 square feet (14,000 square metres) of space at … 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 … Read More>>
Henderson, Lai Sun Said to Sell Tsim Sha Tsui Tower for HK$4.1B
Hong Kong developers Henderson Land and Lai Sun have reached an agreement to sell 8 Observatory Road, a vertical retail … Read More>>
Co-Working & Flexible Office
JustCo Sets Up Thailand JV with Frasers, Readies Second Bangkok Centre
Co-working operator JustCo this month achieved the latest milestone in its Southeast Asia expansion, after a … Read More>>
Asia Leads the World with 36% Annual Growth in Co-Working Supply
While New York-based quest for a $40 billion valuation in its next upcoming financing round has focused global attention … Read More>>
Spaces Kicks Off Nine-Fold Expansion in Singapore Co-Working Centres
Co-working provider Spaces is opening five new locations in Singapore by the end of next year, taking its holdings in … Read More>>
Research & Policy
Beijing Cracks Down on Illicit Loans for Land Purchases
The average price of buying a new home in China rose five percent in June compared to the same month in the previous year, but Beijing’s home price … Read More>>
SG Private Home Sales Dropped 42% in June as 2018 Turns From Feast to Famine for Developers
Singapore's sales of new homes residential sales plummeted 41.7 percent in June compared to July, with the slump in transaction volumes coming just … Read More>>
China’s Housing Ministry Inspects 30 Cities in Two Weeks to Exterminate Housing Speculators
Since the end of June China has moved to clamp down further on housing speculation as the government shows its determination to enforce President Xi … Read More>>
Design & Construction
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>>
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>>
