Chinese investors continued their harvest of international hotels last week when the Jin Jiang Group agreed to buy France’s Louvre hotel chain for a sum said to be in excess of $1.49 billion.
In the deal due to close in… Read More>>
Low Level Chinese Official Caught with RMB 120M Cash, 37 Kg of Gold and 68 Houses
Ma Chaoqun never amounted to much in the ranks of China’s government, but this mid-level manager who spent decades at a state-run water company in Hebei seems to have made the most of it, and then invested the most of… Read More>>
Grand Opening of 31-Storey Xujiahui Tower on Thursday
Shanghai’s cramped downtown office market will get an injection of new space this week when a 31-story Gensler-designed tower officially debuts in Xujiahui.
The CURA International Center along Hongqiao Road was completed earlier this year, and could mark the resurgence… Read More>>
Chinese Billionaire Buys Sydney Tower for $339M
Chinese real estate developer Shimao Property Holdings, together with its billionaire boss Hui Wing Mau, have reportedly acquired a downtown Sydney office tower for over A$390 million (US$339 million), as Chinese investors continue to snatch up Australian real estate.
According… Read More>>
No Turnaround Yet for China Real Estate as Sales Drop 3.1%
China appears to have avoided a meltdown in its real estate market this year, but home sales are continuing to slide, according to official figures released this week.
In a report released this week, China’s National Bureau of Statistics revealed… Read More>>
Li Ka-shing Sells 2 Shanghai Buildings for $493 Million
Asia’s richest man continued to sell off his China real estate holdings last week when a property company controlled by Hong Kong billionaire Li Ka-shing was acquired by China’s Oceanwide Holdings.
According to a statement to the Shenzhen stock exchange… Read More>>
Randall Hall Joins Hong Kong’s Pamfleet as China COO
Veteran real estate executive Randall Hall has joined Pamfleet as Chief Operating Officer for China with the Hong Kong-based real estate investment specialists.
In his new role, Hall will be leading the advisory firm’s China initiatives. Commenting on his new… Read More>>
China Real Estate People in the News 2014-11-10
Asia’s real estate executives are enjoying a surge of new roles this week as everyone rushes to get ready for 2015. A veteran agency leader has landed at a regional investment advisory firm, CBRE continues to shake up its Asia… Read More>>
Are Down-Payment Loans Undermining China’s Home Equity?
“China’s home market will never crash because homeowners have to make big down-payments.” This line comes up in nearly every debate and discussion of China’s ever-controversial housing sector.
However, this reasoning may deserve some reconsideration after a recent report in… Read More>>
Sunac Merger Collapses as Song Weiping Returns to Greentown
The biggest merger of China’s largest real estate downturn has evaporated – apparently over entrepreneurial pride, as Sunac’s acquisition of a controlling stake in Greentown has been cancelled.
After rumours had circulated in recent weeks that Greentown China Chairman Song… Read More>>
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