A ten percentage point hike in downpayment levels seen to have done little to cool the fever for high-end real estate in Shenzhen, and a Chinese developer moves a step closer to winning approval for an 18-storey Miami Beach tower,… Read More>>
Link REIT Sells 7 Hong Kong Retail Properties for HK$1.96 Billion
Asia’s biggest real estate investment trust disposed of seven retail assets in Hong Kong this week for a total of HK$1.96 billion ($253 million).
The properties sold by Link REIT include community retail centres, and hybrid retail and car parks… Read More>>
PAG Raises More than $1 Bil for Pan-Asia Real Estate Fund
Hong Kong-based alternative investment manager PAG has reportedly raised over $1 billion for a new pan-Asia fund focusing on core-plus real estate assets.
The PAG Real Estate Partners fund, which held a first closing in recent weeks, now expects to… Read More>>
Shanghai, Shenzhen Home Sales Slide and More China Real Estate Headlines
Home sales fell sharply in two of China’s hottest property markets after local governments hiked downpayment rates, but not after the surge in the housing sector appears to have helped boost retail activity. Meanwhile, seemingly not content to with being… Read More>>
China Land Sales Revenue Fell 21% in 2015
Sales of land in China fell to RMB 3.37 trillion in 2015, down by 21.6 percent compared to 2014, as local governments cut back on new site auctions, according to official figures released by the Ministry of Finance.
The newfound… Read More>>
Greater China Real Estate People in the News 2016-04-11
This week a former head guy for a top agency in Singapore heads off to New York, a Singaporean real estate fund manager heads home from life in Shanghai, and a leading law firm appoints a new head for its… Read More>>
China Poly Partnering with Aussie Developer in Bid for $755M Sydney Project
China Poly Group is set to dive deeper into the Australian market through a joint bid with local homebuilder Billbergia for a A$1 billion ($755 million) Sydney residential project.
The state-run developer’s joint proposal with Billbergia sees the transnational team… Read More>>
Goodman Completes Phase 1 of $1.5B Japan Business Park
Australia’s Goodman Group continued to expand its Asian portfolio last week with the opening of the first phase of an integrated industrial complex in Chiba Newtown, near Tokyo.
The 116,000 square metre first phase of Goodman Business Park in Chiba… Read More>>
Half of Mainland Developers Saw Net Profits Slide in 2015 and More China Real Estate Headlines
30 out of China’s 59 top developers suffered declining net profits last year, helping to explain why these mega-developers are looking for deals overseas or branching out into other industries. Meanwhile one of the country’s biggest real estate firms has… Read More>>
Chinese Investment in Aussie Real Estate Doubled in FY2014-2015
Chinese investment into Australian real estate doubled to A$24 billion ($18.1 billion) during the 2014-2015 financial year, as mainland buyers looked for overseas assets and development opportunities.
Spending by Chinese developers, homebuyers and other investors on Australian real estate were… Read More>>
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