Anbang Insurance Group is reportedly looking to sell off the Strategic Hotels & Resorts portfolio of 15 luxury hotels it picked up two years ago for $5.5 billion, according to the Wall Street Journal. If the company finds a buyer,… Read More>>
Asia’s community of property pros continues to be on the move in August with a Hong Kong real estate fund manager claiming back one of its former team members, and an industrial developer dipping into the brokerage talent pool as… Read More>>
Champion REIT, the owner of Three Garden Road in Central and Langham Place in Mongkok, achieved record distribution income of HK$812 million ($104 million), in the first half of 2018, according to results released last week by the manager of… Read More>>
An A$500 million ($365 million) hotel and condo project in Sydney backed by two of Hong Kong’s wealthiest families filed plans last week for a 61-storey tower incorporating the city’s only Ritz-Carlton hotel, as casino operator Star Entertainment Group expands a… Read More>>
Greenland USA faces an uncertain future in California, but that hasn’t stopped the US arm of Chinese developer Greenland Group from bagging a $310 million construction loan to finish off the third phase of a $1 billion complex in downtown… Read More>>
The Hong Kong Lands Department on Wednesday announced that a subsidiary of China Poly Property, has won a tender for a 3,689-square-metre (39,708 square feet) residential site in Yau Tong, in the southeastern end of Kowloon.
Poly Property, China’s fourth… Read More>>
A CapitaLand-City Developments (CDL) joint bid won a government tender for a 3.7 hectare mixed-use site in northeastern Singapore with a bid of S$777.78 million ($566 million), according to announcements by the two companies.
In their first cooperation since 2007,… Read More>>
Singapore’s Alpha Investment Partners leads our collection of Asia real estate news as the private fund management division of Keppel Corp shops a Seoul office tower at a reported $885 million price tag. Also getting some ink is the return… Read More>>
Three officers of developer Shenzhen Kondarl Group have been detained by Shenzhen police within the last week, according to announcements by the Shenzhen-listed real estate firm, following a five year conflict between the company’s founder and its second-largest shareholder, Kingkey… Read More>>
HNA’s sales of European and US assets have been grabbing headlines internationally, but the indebted Chinese conglomerate is also selling assets closer to home, including this week selling the site of its former corporate headquarters, according to accounts in the… Read More>>