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Evergrande executive Xu Hai Jun

Evergrande Vows to Put Profit Above Scale After Building China’s Largest Land Bank

Evergrande executive Xu Hai Jun

2018/09/02 by Emma Zhou Leave a Comment

China’s Evergrande Group, the country’s second largest property developer by sales in 2017, said it would shift its development model from pursuing top line growth, to achieving efficiency and quality after it announced a record jump in profit in its… Read More>>

China’s Evergrande Group, the country’s second largest property developer by sales in 2017, said it would shift its … Read more>>>

Greenland's Oriental Garden Shanghai

Greenland Hong Kong Reports 267% Jump in Core Profit

Greenland's Oriental Garden Shanghai

2018/08/30 by Richard Meyer Leave a Comment

Greenland Hong Kong Holdings, the Hong Kong-listed subsidiary of China’s sixth largest developer, reported a 267 percent rise in first-half core net profits, which exclude revaluations and some one-offs. It is the fourth major Chinese property company to report strong… Read More>>

Greenland Hong Kong Holdings, the Hong Kong-listed subsidiary of China's sixth largest developer, reported a 267 percent … Read more>>>

ji qi huazhu

China’s Biggest Hotel Operator Leaks 500M Customer Records in Data Breach

ji qi huazhu

2018/08/30 by Emma Zhou Leave a Comment

Huazhu Hotels Group, a NASDAQ-listed hotel operator known for its chains of economy hostelries in China, including Home Inn and 7 Days Inn, was revealed by mainland network security organisation JDSEC Team as having been the victim of a hack… Read More>>

Huazhu Hotels Group, a NASDAQ-listed hotel operator known for its chains of economy hostelries in China, including Home … Read more>>>

Westgate shopping centre

CapitaLand Sells 70% Stake in Singapore’s Westgate Mall for S$789.6M

Westgate shopping centre

2018/08/30 by Emma Zhou Leave a Comment

CapitaLand announced on August 27th that the company is selling its 70 percent stake in the Westgate shopping centre in Singapore to its CapitaLand Mall Trust (CMT) affiliate for S$789.6 million ($578.6 million). The transaction, which is expected to be… Read More>>

CapitaLand announced on August 27th that the company is selling its 70 percent stake in the Westgate shopping centre in … Read more>>>

Arthur Hayes

Cryptocurrency Trader Rents Priciest Office Ever in World’s Most Expensive Real Estate Market

Arthur Hayes

2018/08/28 by Emma Zhou Leave a Comment

The second-largest bitcoin exchange globally may now be taking one of the world’s highest office rental bills after agreeing to pay a record HK$225 ($28.67) per square foot per month to lease a full floor of the Cheung Kong Center… Read More>>

The second-largest bitcoin exchange globally may now be taking one of the world’s highest office rental bills after … Read more>>>

Victor Li of CK Asset

Victor Li’s CK Asset Said Downsizing Shanghai Team by 30%

Victor Li of CK Asset

2018/08/28 by Emma Zhou Leave a Comment

Victor Li Tzar-kuoi’s CK Asset Holdings is downsizing its Shanghai team by 30 percent, according to reports in the mainland press, which indicate that the Hong Kong-based developer stopped renewing contracts with local employees since February of this year.

The… Read More>>

Victor Li Tzar-kuoi’s CK Asset Holdings is downsizing its Shanghai team by 30 percent, according to reports in the … Read more>>>

yang zhihui landing

Casino Developer Landing Intl Sinks 45% on HK Exchange After Chairman Detained

yang zhihui landing

2018/08/27 by Emma Zhou Leave a Comment

Landing International Development, a Hong Kong-listed casino builder, reported to the Hong Kong Stock Exchange on Thursday that the company is unable to contact its 47-year-old chairman Yang Zhihui, who controls 50.48 percent of the company.

According to a report… Read More>>

Landing International Development, a Hong Kong-listed casino builder, reported to the Hong Kong Stock Exchange on … Read more>>>

lee-kok-sun gic

GIC Buys Stake in Mumbai Four Seasons Developer for Reported $143M

lee-kok-sun gic

2018/08/24 by Richard Meyer Leave a Comment

GIC is acquiring a minority stake in Provenance Land, the developer of India’s first Four Seasons hotel, according to a statement on August 22nd by the Singaporean sovereign wealth fund.

Sources familiar with the deal, as cited in India’s Economic… Read More>>

GIC is acquiring a minority stake in Provenance Land, the developer of India's first Four Seasons hotel, according to a … Read more>>>

bill_winters standard chartered

Standard Chartered Sells Asia Principal Finance Real Estate Business to UK’s Actis

bill_winters standard chartered

2018/08/22 by Richard Meyer Leave a Comment

Standard Chartered Bank has sold its Principal Finance Real Estate (PFRE) business in Asia to UK emerging markets investor Actis and is reported to be close to unloading its private equity business as well. The deals mark an end to… Read More>>

Standard Chartered Bank has sold its Principal Finance Real Estate (PFRE) business in Asia to UK emerging markets … Read more>>>

Ada Wong Champion REIT

Champion REIT Reaches Records as Rental Income Jumps 10.1%

Ada Wong Champion REIT

2018/08/21 by Emma Zhou Leave a Comment

Champion REIT, the owner of Three Garden Road in Central and Langham Place in Mongkok, achieved record distributable 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>>

Champion REIT, the owner of Three Garden Road in Central and Langham Place in Mongkok, achieved record distributable … Read more>>>

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