Chinese buyers purchased $27.3 billion in US residential property in the year to March, exceeding the value of the next four largest overseas investors combined in terms of dollar volume and making them the top cross-border buyer of American real… Read More>>
Dalian Wanda Group reported a 10.6 percent increase in revenue to RMB 119.9 billion ($18 billion) for the first half of 2016, outperforming expectations of flat growth. The conglomerate controlled by billionaire Wang Jianlin saw its revenues rise thanks largely… Read More>>
The value of land sold in Shanghai totaled RMB 50.6 billion ($7.5 billion) in the first six months of this year with half of the plots fetching premiums double the auction minimums, underscoring the demand for land in China’s first-tier… Read More>>
China CITIC Bank Corp, the banking arm of one of the mainland’s largest state-owned investment conglomerates, has filed a lawsuit in Canada to seize real estate assets in Vancouver worth C$7.3 million (US$5.58 million) from a businessman accused of fleeing… Read More>>
The rush for land in China’s first-tier cities continues as Beijing-based COFCO Property Investment last week agreed to pay RMB 2.44 billion ($368 million) for a plot of residential land in Shanghai’s Pudong district. The price paid by the state-run… Read More>>
One trillion dollars (RMB6.6 trillion) will be needed to support China’s efforts at reducing carbon emissions in the next five years, and former US Treasury Secretary Hank Paulson is leading cross-border efforts to provide the know-how and financial backing to… Read More>>
Blackstone could be on the verge of acquiring $2.1 billion in Korean real estate assets, if two reported deals come through for the US alternative investment giant.
Already the biggest landlord in the US, Blackstone is said to have been… Read More>>
Despite a drop in unsold inventories of property in May, the mainland still faces an uphill battle destocking millions of square meters of oversupply.This unsold overhang, coupled with diverging market performance nationwide, is leading governments in some second and third-tier… Read More>>
China Vanke’s RMB 45.6 billion ($6.9 billion) bid to escape a ‘hostile takeover’ from its largest shareholder has been jeopardized after a recently signed agreement apparently failed to get enough votes from the Shenzhen-based developer’s board of directors.
In a… Read More>>
Anbang may be planning to convert 1000 of the 1400 hotel rooms in the legendary New York site into luxury condos after closing on their landmark acquisition over a year ago.
According to sources cited in Crain’s New York, Anbang’s… Read More>>