A company controlled by the family of the US president Donald Trump has sold a 5,400 square foot Beverly Hills mansion to a corporate entity linked to the scandal-plagued politician’s Indonesian billionaire business partner for $13.5 million, according to accounts… Read More>>
WeWork Said Planning to Buy Back India Business for $1.9B
US co-working unicorn WeWork is planning to take majority control of its India affiliate in a deal worth $1.9 billion which would allow the shared-office operator to consolidate its operations, and its financial results, in preparation for an initial public… Read More>>
Mainland Home Rental Platform Ziroom Raises $500M From General Atlantic, Tencent, Sequoia
China’s rental housing market continues to attract venture capital investment with one of the industry’s largest players said to have raised $500 million in new financing.
Ziroom, the country’s first rental housing unicorn, is reported to be completing a $500… Read More>>
Landlords Accuse CITIC-Backed Proptech Platform of Not Paying Rent
China’s property innovators are hitting the headlines again this month as a property marketing and management platform tied to one of the country’s biggest investment conglomerates is reported to have defaulted on its financial commitments.
A long-term rental housing business operated… Read More>>
Yanlord Buys Residential Site in Shanghai’s Jing’An District for RMB 3.4B
Singapore-listed Yanlord Land Group has shouldered aside bids from a trio of mainland rivals to win a residential parcel in Shanghai’s Jing’an district for RMB 3.4 billion ($490 million) according to a notice from the Shanghai Land Bureau.
The developer… Read More>>
Wanda Sports Group Files for $500M NASDAQ IPO
Wanda Sports Group (WSG), the owner of the Iron Man Triathlon franchise and soccer marketing group Infront Sports, has filed for an initial public offering in the US with a goal of raising up to $500 million, according to an… Read More>>
NYC Hedge Fund Takes HK$170 Per Square Foot Lease in Central’s IFC
Hundreds of thousands of people may be marching in Hong Kong’s streets and the famously expensive housing market has started looking shaky, but international financiers are still leasing pricey offices in Central, so at least its business as usual in… Read More>>
HKRI Buys Kowloon Luxury Residential Tower for HK$760M
Analysts are voicing growing uncertainty over the outlook for Hong Kong real estate, but a developer controlled by one of the city’s wealthiest families is confident enough in the market that it has just agreed to spend nearly $100 million… Read More>>
Henderson Land Applies for Compulsory Sale of HK$963M Site in Hong Kong’s Central
Henderson Land Development has applied for a compulsory sale of four aging buildings in Hong Kong’s Mid-levels, according to a filing at the city’s Lands Tribunal as the blue-chip developer continues to play its preference for redevelopment projects.
Should the… Read More>>
HK Housing Sales Jumped 50% in May, But Analysts Warn of Coming 10% Price Slide
Despite growing uncertainty over the US-China trade war and protests of a proposed extradition law, the value of homes sold in Hong Kong reached HK$78.4 billion in May, up 11.9 percent compared with April and 50.3 percent higher than the… Read More>>
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