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Michael Cole

K-11 Hong Kong New World Tower Shanghai

Billionaire Cheng Yu-tung to Take China New World Land Private

2014/03/17 by Michael Cole Leave a Comment

While Asia’s richest man, Li Ka-shing has been selling out his China real estate assets, Hong Kong’s fifth wealthiest billionaire has decided to double-down on his China bets by taking New World China Land Limited (HKG:0917) private.

The HK$18.6… Read More>>

Matheson Street Shop

12 Square Metre Hong Kong Shop Sells for US$23M

2014/03/17 by Michael Cole Leave a Comment

The new record for most valuable commercial property in Asia belongs to 12 square metre (130 square foot) shop in Hong Kong’s trendy Causeway Bay shopping district.

The non-descript electronics shop at 77-83 Matheson Street near the popular Times Square… Read More>>

Paul Andreu Jinan theatre

Paul Andreu-Designed Theatre Completed in Jinan

2014/03/17 by Michael Cole Leave a Comment

Paris-based architect Paul Andreu’s Jinan Grand Theater was completed recently as part of a provincial cultural and arts center in the northern Chinese city.

Andreu, who also designed the Pudong International Airport, as well as the National Grand Theater in… Read More>>

Violet Juhyoun Lee

China Real Estate People in the News 2014-03-17

2014/03/17 by Michael Cole Leave a Comment

This week China’s community of real estate professionals witnesses fresh hires on the retail team at JLL (who by the way officially changed their name from Jones Lang LaSalle) in Shanghai, a new addition to the valuations team at DTZ… Read More>>

311 S Wacker Drive Chicago

China’s Bad Bank Leads $304M Chicago Office Tower Investment

2014/03/17 by Michael Cole Leave a Comment

A new player may be emerging in China’s overseas investment surge as an investment vehicle majority invested by China Cinda, the nation’s “bad bank,” together with a US partner spent $304 million to purchase a 65-storey office building in Chicago.

The deal… Read More>>

Ren Zhiqiang of Huayuan Property

Home Sales Figures Drop 5% as Developers Get Gloomy

2014/03/17 by Michael Cole Leave a Comment

The value of home sales in China totaled only RMB 598.5 billion during the first two months of 2014, representing a five percent drop from the same period a year ago, as clampdown on credit starts to reduce the number… Read More>>

campell r harvey duke fuqua

90% of US CFOs in China Believe There’s a Real Estate Bubble

2014/03/17 by Michael Cole 1 Comment

While market analysts remain divided over whether property prices in China are overinflated, the executives charged with safeguarding corporate finances are nearly unanimous in seeing a real estate bubble, according to recent survey.

The study by Duke University and CFO… Read More>>

tianjin powerlong

CEO of Powerlong Real Estate Predicts 20% of Developers Will Die in 2014

2014/03/17 by Michael Cole Leave a Comment

The chief executive of Hong Kong-listed Powerlong Real Estate on Thursday predicted that a fifth of China’s developers would be out of business by year-end, as the country’s small and mid-sized real estate firms have come under more pressure from… Read More>>

perenna kei hong kong

Perenna Kei, World’s Youngest Billionaire, is Also Pretty Hot

2014/03/13 by Michael Cole 2 Comments

Reports one week ago that 24-year-old Perenna Kei is now the youngest billionaire in the world made the Hong Kong property heiress famous. But they lacked one thing — photos of the reclusive real estate princess.

Now, through the efficiency… Read More>>

Greenland Canary Wharf

Greenland Finalises $1B Project on London’s Canary Wharf

2014/03/13 by Michael Cole Leave a Comment

Shanghai-based outbound investment champion and real estate developer Greenland Group officially announced on Wednesday that it had purchased a project on London’s Canary Wharf to develop a $1 billion mixed-use project.

The acquisition, which had been prematurely made known by… Read More>>

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