Asia real estate and outbound investment news
China Vanke, the mainland’s biggest property firm by market value, last week appeared set to buy 19.9 percent of embattled villa developer Tahoe Group for RMB 2.4 billion ($343 million), however, that plan now appears in doubt.
The stake sale,… Read More>>
Dalian Wanda Group last week announced that it had agreed to sell its 90 percent stake in a Chicago property project for $270 million, closing out the last of an overseas property portfolio that once included projects in the US,… Read More>>
Hongkong Land, the biggest landlord in Hong Kong’s Central district, saw its underlying profit drop 24 percent in the first half of this year as retail rent relief, lower shop turnover and slower residential completions dented revenue.
In announcing its… Read More>>
Despite more space being leased in recent months, Grade A office rents in Shanghai continued their downward slide in the second quarter of 2020, according to recent reports by property agencies covering the city.
Following a lockdown that kept most… Read More>>
On Wednesday, the Shenzhen Housing and Construction Bureau announced a set of new home purchase restrictions designed to cool down what has become China’s hottest property market as home sales in the country rebound in the wake of the COVID-19… Read More>>
Shenzhen-based Logan Group won a residential plot in Shanghai’s Yangpu District at a recent government land auction with a bid of RMB 2.381 billion ($340.7 million), marking the developer’s first foothold in China’s commercial capital.
Known until recently as Logan… Read More>>
Beijing’s Sino-Ocean Capital recently completed an acquisition of an office building in Shanghai’s Xuhui district, closing on the purchase of the H88 Yuehong Plaza despite delays caused by the pandemic and weakening demand for commercial space in the city.
The… Read More>>
Colliers International announced recently that it had assisted Shanghai’s Great Wall Real Estate Group in the sale of the city’s Great Wall Financial Building, marking the largest single-buyer transaction involving a foreign institution in China’s commercial capital this year.
The… Read More>>
Hong Kong-listed warehouse developer and fund manager ESR announced on 30 June that it had acquired a 100 percent stake in three logistics properties in eastern China’s Jiangsu province.
The addition of the trio of projects to ESR’s China holdings… Read More>>
