Asia Pacific real estate investment news and information
Unit holders in ARA Asset Management-controlled Prosperity REIT overwhelmingly rejected the trust’s proposed HK$1.9 billion acquisition of an office building in Hong Kong this week, according to a statement by the trust to the Hong Kong stock exchange.
The proposed… Read More>>
Leading the news today, Wanda boss Wang Jianlin has kept his title as China’s richest man, according to at least one survey. Elsewhere the headlines are dominated by efforts to control, exploit or otherwise have fun with the flow of… Read More>>
Colliers International has stepped up its market-tracking efforts in Singapore, bringing on board former Barclays Bank executive Tricia Song to head its research team.
The move means that the real estate service provider will be splitting its consulting and research… Read More>>
Mainland conglomerate HNA Group is investing more than $137 million to acquire 10 Seattle area golf courses, according to a statement filed yesterday with the Hong Kong stock exchange. The acquisition adds to an October total of nearly $11 billion… Read More>>
Shanghai-based Shui On Land is hoping the city’s property boom lasts long enough for it to sell homes near its Xintiandi complex for RMB 300,000 ($44,000) per square meter, while on the Hong Kong stock exchange, investors are already selling… Read More>>
One of China’s biggest investors in US real estate may also be its leading trader in North Korean minerals, according to reports last week on Radio Free Asia, citing North Korean sources within China.
Wanxiang Group is the largest importer… Read More>>
Nearly two dozen people were killed when a row of ramshackle houses collapsed in the eastern China city of Wenzhou on Monday. State-run media described the casualties as primarily being migrant workers occupying substandard buildings in the prosperous trading and… Read More>>
At least 21 cities have now instituted home purchase restrictions across China, but the demand suppression measures have yet to overcome the effect of months of loose monetary policy and rising public sentiment toward real estate purchases. In related headlines,… Read More>>
Banking giant UBS walked away from the biggest privatisation ever on the Hong Kong stock exchange due to concerns over the structure of Wang Jianlin’s $4.4 billion buy-back of shares in Dalian Wanda Commercial Properties, according to a report in… Read More>>
Transplanted mainland developer Aqualand has purchased a 16-storey office tower in North Sydney for a reported A$70 million ($53 million), according to a story in The Australian. The acquisition and Aqualand’s apparent intent to hold the property as a revenue… Read More>>
