HNA Group is in talks to sell its fourth and final plot of development land at Hong Kong’s former Kai Tak airport, according to a company filing to the Hong Kong Stock Exchange, as the distressed mainland conglomerate attempts to bail… Read More>>
China Resources Land and Friends Outbid SHK, Swire to Win RMB 5.8B Shanghai Site
A consortium led by state-backed China Resources Land outbid Hong Kong’s Sun Hung Kai Properties and a joint venture between Swire Properties and Ping An Real Estate to win a commercial site in Shanghai’s Jing’an district for a record RMB… Read More>>
Sun Hung Kai Buys Kai Tak Site for $1.43B
Hong Kong’s Lands Department on Wednesday announced that a plot of residential land on what had been the runway of the city’s former Kai Tak Airport has been awarded to local development giant, Sun Hung Kai Properties, for HK$11.26 billion… Read More>>
China Evergrande Issues Another $3B in Bonds as Debt Pile Grows
China Evergrande Group, the mainland’s most indebted developer, announced on Tuesday that it will conduct a further international offering of $3 billion in senior notes in what has been Asia’s biggest offshore high-yield bond sale so far this year.
The… Read More>>
Fang.com Founder Steps Down From CEO Role After Revenues Dropped 25% in Q3
China’s real estate internet portal Fang Holdings on Monday announced a change in its senior management and a proposed spin-off of the group’s research unit, China Index Holdings Limited (CIH), after the company’s total revenues fell to $83.6 million in the… Read More>>
Sunac Buys Pair of Shanghai and Beijing Projects From Oceanwide in RMB 12.6B Deal
Sunac China has agreed to buy a pair of projects in Shanghai and Beijing from competitor China Oceanwide Holdings in a deal valued at RMB 12.55 billion ($1.85 billion), according to a filing today to the Hong Kong stock exchange.
SHK, Swire and Hang Lung Said to Square Off for RMB 4.7B Shanghai Site
Three of Hong Kong’s biggest developers are said to have made it to the final round of a competition for a rare site in Shanghai’s Jing’an district in a land auction set to end this week.
Sun Hung Kai Properties,… Read More>>
WeWork Teams with Gemdale for Shenzhen Project and Adds New China Partner
China state-owned Gemdale Properties and Investment has handed over one of its own co-working facilities to WeWork for conversion into a new centre for the co-working giant, as the two companies enter a revenue sharing agreement, according to a statement… Read More>>
Singapore Love Hotel Magnate Buys Club Street Site for Record $415M
A hotel site in Singapore’s Chinatown area sold for a record price per square foot at a government land sale this week, according to an announcement by the Urban Redevelopment Authority, as investors continue to show confidence in the city’s… Read More>>
Chinese-Backed Data Centre Giant Aims for HK IPO at £9B Valuation
Just over two years after being acquired by a consortium of Chinese investors, UK data centre developer Global Switch is preparing for a stock market listing in Hong Kong later this year that could value it at more than £9… Read More>>
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