State-backed China Enterprise has shouldered aside a pair of competing bids from China Vanke and China Resources Land to win a residential site in Shanghai’s Yangpu district for just over RMB 3.81 billion ($540 million), according to an announcement by… Read More>>
Lujiazui Group, the largest state-owned developer in Shanghai’s Pudong district has agreed to pay RMB 9.1 billion ($1.28 billion) to acquire a mixed-use site in the city’s Zhangjiang High Tech Park, according to an announcement last week by the Shanghai… Read More>>
Hong Kong restaurant operator Tsui Wah Holdings is said to be offering for sale its flagship location in Central at an asking price of HK$400 million ($51 million), as the city’s ongoing civil unrest chips away at consumer spending.
The… Read More>>
Financing for Chinese property developers plunged by 58.15 percent month-on-month in August amid an intensifying government clampdown on the housing market, according to data cited by the Securities Times.
Total new financing provided to China’s builders reached RMB 36.83 billion… Read More>>
Hong Kong-based asset manager iProsperity has acquired a set of 23 Australian hotels from French hotel investment firm AccorInvest, according to an account this week in the Australian Financial Review.
iProsperity, which manages funds for high net worth individuals and… Read More>>
Hong Kong-listed CSI Properties has acquired the remaining four floors in a building on Wellington Street in Hong Kong’s Central district for HK$185 million ($23.59 million), according to an account in the Hong Kong Economic Times
The purchase brings the… Read More>>
Dai Zhikang, the founder and legal representative of Shanghai-based property and finance conglomerate Zendai Group, has surrendered to the police after his company was brought under investigation for illegal fund raising with regard to a RMB 10 billion ($1.4 billion)… Read More>>
The uncertainties of the US-China trade war negotiations and the political turmoil in Hong Kong have combined to cool down investor interest in Hong Kong’s property market, with sales of retail real estate bearing the brunt of investor reluctance… Read More>>
The People’s Bank of China has unveiled a new minimum interest rate system for home loans according to an announcement on the central bank’s official WeChat social media account, as the mainland government continues to clamp down on the housing… Read More>>
Sweden’s IKEA will plough RMB 10 billion ($1.41 billion) into its China operations in the upcoming 2020 fiscal year, in a bid to upgrade and expand its store network and boost its e-commerce offerings in the country.
The planned investment… Read More>>