Asia Pacific real estate investment news and information
A recent US$877 million share buy-back by real estate developer Guangzhou Evergrande has market observers puzzled regarding the Hong Kong-listed firm’s financial strategy.
The shares were purchased by the developer over a two week period this month, and amount to 6.33 percent of the company’s total stock. This move follows soon after an unexpected RMB 2.3 billion (US$378 million) special dividend that the company paid to shareholders in November.
Sales of commercial property dropped by as much as 72 percent in 43 of 90 cities across China last month, according to a report released by a division of real estate agency e-House.
The report published this week by CRIC, the real estate information division of e-House finds that Beijing recorded only 6094 commercial real estate transactions during January, and in terms of area, only 744,300 square meters were sold.
A Chinese investment consortium is wagering $2.51 billion that there is money to be made from China’s need for warehouses, and that Singapore’s Global Logistics Properties (GLP) is well-situated to realise these profits.
The share purchase by the Chinese group… Read More>>
Nine out of 10 applicants for an Australian immigration scheme aimed at wealthy investors are from China and they have pumped a total of A$325 million (US$293.8 million) into their new country of residence in the first year since the… Read More>>
The US subsidiary of Hong Kong-based private equity firm Gaw Capital announced that it had appointed Roman Nemtsov as Senior Vice President, Investments.
Gaw Capital Partners USA indicated that Nemtsov will be based in its soon-to-be opened Chicago office and… Read More>>
A market analysis report released this month by international real estate advisor Savills, predicts that Chinese investors will increase their share of global cross border hotel acquisitions from the current level of 4% to 10% by 2017.
The report predicts… Read More>>
US make-up maker Mary Kay Inc is inching closer to buying its own office building in downtown Shanghai, as the beauty supplier makes plans to spend as much as RMB 820 million ($135 million) to be its own landlord in… Read More>>
China’s love affair with Apple products may be gearing up for expansion into the country’s second tier cities. At least if the company’s recruitment ads are any indication.
According to a report in the China Daily today, Apple is advertising… Read More>>
A hospital affiliated with Harvard University this week restated its interest in developing hospitals in China together with real estate developer Guangzhou Evergrande. The potential cooperative healthcare project was first reported in December last year, shortly after the property firm… Read More>>
Enthusiasm for real estate in Shanghai’s Free Trade Zone may be cooling off as a recent report shows sales in the special economic zone to have fallen sharply since the first of the year.
After the new zone was announced… Read More>>
