Shui On Land, in a bid to pare its debts, is reported to have signed a memorandum of understanding with a buyer to sell off a 50 percent stake in its Ruihong Xincheng mixed-use project for RMB 8 billion ($1.16… Read More>>
JustCo to Open Singapore’s Largest Co-working Space on Shenton Way
JustCo is eager to become southeast Asia’s answer to WeWork, and the Singapore-based flexible office startup has taken a step towards achieving that goal by opening what it says is the city’s largest interconnected co-working centre.
At 40,000 square feet… Read More>>
Anbang in Deal to Invest $400M in Kushner Fifth Avenue Project
China’s Anbang Insurance Group plans to arrange $4 billion in construction loans and invest $400 million in equity for a Manhattan office tower at 666 Fifth Avenue owned by Kushner Companies, which was until this year headed by Jared Kushner,… Read More>>
Airbnb Books $100M Investment From CIC for China Expansion
China Investment Corp has clicked Like on a US sharing economy powerhouse with a $100 million investment in Airbnb. The capital commitment by China’s sovereign wealth fund comes as the US room-sharing unicorn is reportedly in talks to buy out… Read More>>
Anbang in the Lead to Acquire Seoul’s Yuanta Securities Building
THAAD? What THAAD? As relations between China and South Korea sour due to US missile installations and as capital controls continue to squeeze Chinese buyers, Anbang Insurance is said to be locked into exclusive negotiations to acquire an office building… Read More>>
Hong Kong’s Kai Tak Gears Up for 7,500 New Homes
Once known for hosting one of the world’s most crowded airports, Hong Kong’s Kai Tak area is now becoming one of the city’s busiest real estate markets, with the eight new sites set to auctioned off in the former Kowloon… Read More>>
Ascott Opens Millennial Lab in Singapore to Test Co-Living Model
Serviced residence provider The Ascott Limited has partnered with Singapore Management University to open a 32,000 square foot (3,000 square metre) residential laboratory to explore new habitats for Asia’s millennials as the potential for co-living catches the attention of some… Read More>>
Adrian Cheng Promoted as New World Reports 31% Spurt in Net Profit
His grandfather passing just a few months ago and his father ill, heir apparent to the New World Development throne, Adrian Cheng Chi-Kong, led his first earnings briefing for the $54 billion Hong Kong real estate developer last week, reporting… Read More>>
Hong Kong and Singapore Rank in Top 5 Globally for Outrageous Home Rentals
While Hong Kong may have distinguished itself as the least affordable place to own a home, residents of the Asian financial capital may take some comfort from the news that their city ranks only third in the world for degree… Read More>>
Savills IM Wins $600 Mil in Investment Mandates for Japan Market
Savills Investment Management (Savills IM) has won two mandates to invest in Japanese real estate equaling $600 million, with the commitments coming earlier this month from an existing investor and from a new institutional partner.
The London-based international real estate… Read More>>
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