While home sales in many parts of China are still held back by an oversupply of unsold housing, Shanghai’s residential market has continued to boom, becoming the world’s eighth most expensive place to buy a home, according to a recently… Read More>>
China Vanke Profits Rose to Record RMB17.6B and More China Real Estate Headlines 2016-03-15
China’s largest developer scored its biggest profits ever in 2015, but still fell short of analyst expectations. Meanwhile local competition for WeWork readies for the US coworking giant’s market entry with a fresh round of venture capital. Read on for… Read More>>
Will Anbang’s $13B Bid for Starwood Derail Marriott’s Mega-Merger?
Sixteen landmark hotels is not enough. If you’re China’s most hospitality-happy insurer — you have to get your own chain.
After signing a $6.5 billion deal last week to purchase the Strategic Hotels & Resorts portfolio from Blackstone, Anbang Insurance… Read More>>
Anbang Sets Cross-Border Record Buying $6.5B in Hotels from Blackstone
Anbang Insurance Group has set a new record for cross-border real estate acquisitions by Chinese investors in agreeing to buy 16 hotels worth $6.5 billion from Blackstone Group.
The Chinese state-owned insurer, which stunned the world with its $1.95 billion… Read More>>
CITIC Exits Mainland Homebuilding Business in $4.8B Deal With China Overseas Land
CITIC Group, one of China’s largest state-owned investment conglomerates has effectively sold off its mainland residential development business to China Overseas Land & Investment Ltd in a transaction valued at RMB 31 billion ($4.8 billion).
Under the terms of an… Read More>>
Greater China Real Estate People in the News 2016-03-14
Greater China’s real estate community has seen some agency veterans change out their name cards in recent months and many of these migrants appear to be taking their teams with them as we see a continued flow of role changes… Read More>>
Greenland Group Readies $3.24B in Hotels for Singapore REIT Listing
Greenland Group continues to lessen its dependence on its domestic real estate market after China’s second largest developer by sales announced on Friday that it would package up 19 of its mainland hotels into a Singapore-listed REIT.
Once listed, the… Read More>>
JLL Hires Johnny Shao to Lead Revamped East China Investment Team
JLL introduced Johnny Shao as the new head of its East China capital markets advisory team on Friday as the international real estate consultancies compete to service a booming market for investment properties.
Shao, who previously headed the China investment… Read More>>
Bank of China Lends $50M to NYC Hotel Project and More China Real Estate Headlines 2016-03-13
One of China’s biggest state-owned lenders is backing Moinian Group’s Manhattan luxury hotel project, and China’s property market shows mixed results in the latest batch of government data, with housing sales climbing but developers still holding off on investment. Read… Read More>>
Mingtiandi Debuts Enhanced Newsletter Design
As part of our ongoing drive to improve Mingtiandi, today we are rolling out a new version of our email newsletter.
The updated design was created to make it easier for readers to view the daily and weekly editions of… Read More>>
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