CapitaLand again led an annual ranking of Asia Pacific’s largest property fund managers, as the Singapore firm built a war chest of $61.3 billion of assets under management (AUM) in 2017, according to a recent survey by the Hong Kong-based… Read More>>
$3B Investment Wave Expected to Drive Proptech Innovation in Asia
At a time when more than 300 million Chinese have used online food delivery and some 10 percent of the mainland population have signed up for ride-hailing apps, one may wonder when the tech revolution will reach what may be… Read More>>
Shanghai Existing Home Sales Fell 22% in April Amid Credit Clampdown
Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp down on sales of pricey housing in an effort to keep residential real estate prices steady.
The city saw some 13,550… Read More>>
Anbang’s Wu Xiaohui Sentenced to 18 Years in Prison, $1.6B in Assets Confiscated
Anbang Insurance Group’s founder and former chairman Wu Xiaohui has been sentenced by a Chinese court to 18 years in prison for fraud and embezzlement, China’s official news agency Xinhua reported Thursday morning. The court also ruled that RMB 10.5… Read More>>
Beijing Restricts Building Heights in Prime District — Derails RMB 8.6B in Office Projects
The Beijing government has retroactively restricted the height of buildings in a prime plot of the city’s core business district to as low as 100 metres, truncating the building heights and potential investment returns of developers who purchased more than… Read More>>
Hong Kong Home Prices Could Rise Another 10% in 2018 as Colliers Sees Continued Demand
The cost of shelter in Hong Kong continues to defy the laws of gravity, after new home prices in the city surged by 18 percent last quarter to the second-highest level since 1996. But while the ongoing housing boom in… Read More>>
Singapore Expats Rejoice as Town Ranks Tops for Living
Singapore once again takes the crown as Asia’s best city for expatriates, according to the Mercer 2018 Quality of Living survey which grades 231 cities according to factors like banking services, political stability, healthcare, electricity and crime. The top placement… Read More>>
Home Prices Drop in Beijing, Shanghai and Shenzhen as China Property Freeze Drags On
The number of mainland cities seeing new home prices rise dropped to 44 in February from 50 the previous month, according to the latest figures from China’s National Bureau of Statistics, as demand suppression measures decreed by the government continued… Read More>>
Cost of Cars and Clothes Makes Singapore the World’s Priciest City
Asia Pacific is home to four of the top ten most expensive cities in the world for expatriates and business travelers, according to a new report by The Economist Intelligence Unit (EIU).
The biannual survey by the research and advisory… Read More>>
Hong Kong Boosts Land Sale Transparency in Battle Against Crazy Bidders
Hong Kong is learning from its all-time rival Singapore as it seeks to tame the city’s land prices. In addition to the tender amount of the successful bidder in land sales, the Hong Kong government will now publish the amounts… Read More>>
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