WeWork opened its doors in Hong Kong for the first time on Thursday as the US co-working startup continues its expansion into Asia. The company’s initial foothold in the Asian financial centre occupies nearly 100,000 square feet (9,290 square metres)… Read More>>
Fear of Down Payment Hike Drives 93% Jump in Shanghai Home Sales
The amount of new housing sold in Shanghai jumped 93 percent last week as fears of a jump in down payments drove home sales to more than 5000 units in one of China’s most expensive real estate markets. The number… Read More>>
China’s Housing Boom Returns to Second-Tier Cities as Govt Clampdown Looms
New home prices in 100 major Chinese cities climbed 2.71 percent in August and have increased 13.75 percent during the past year. More cities have hiked down payment requirements and put other buying restrictions in place to curb soaring prices… Read More>>
Evergrande Profits Drop 23% as Debts Climb to $57B
Evergrande Real Estate’s core net profits fell by 23 percent in the first half of 2016 as an increase in revenue was unable to offset a range of higher costs. Total borrowings for China’s most highly levered developer jumped to… Read More>>
Dalian Wanda Group to Build $9.5B Theme Park in Jinan as Joust with Disney Continues
Dalian Wanda Group says it will invest RMB 63 billion ($9.45 billion) to build a tourism and sports complex in Jinan, a gritty industrial city of just over 7 million people in northern China’s Shandong province. The combination theme park,… Read More>>
Shenzen Site Fetches Record $4.6B as China Crowns New Land King
A record RMB 31 billion ($4.6 billion) joint bid from China Merchants Shekou Industrial Zone Holdings and Overseas Chinese Town won a mixed-use site at Shenzhen’s planned new convention and exhibition center in the southern Chinese city’s Bao’an district, the… Read More>>
Li Ka-Shing Could Make HK’s Biggest Property Deal With $4.5 Bil Sale of The Center
Hong Kong’s richest man could make the city’s biggest property sale, thanks to the support of mainland investors hungry for properties in the Asian financial hub.
The Center office tower, the tallest building in the portfolio of Li Ka-shing’s Cheung… Read More>>
Megan Walters Named Head of Research for Asia Pacific at JLL
Dr Megan Walters has been promoted to lead JLL’s research efforts across Asia Pacific. Walters, who is based in Singapore will take over from Dr Jane Murray in the property consultancy’s top research role in the region on October 1st… Read More>>
Carlyle to Sell Shanghai’s Central Plaza to Vanke for $369 Mil
China Vanke plans to buy the Central Plaza office tower in Shanghai from Carlyle Group for RMB 2.46 billion ($368.94 million), according to media reports. Should the deal be completed it would be the third time the building has changed… Read More>>
LaSalle Launches $1 Bil Asia Opportunity Fund
LaSalle Investment Management is looking to raise $750 million to $1 billion for its latest Asian investment fund, LaSalle Asia Opportunity Fund V (LAOF V), following the successful deployment of $485 million under the previous vehicle in the series of… Read More>>