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Asia Pacific real estate investment news and information

Beijing Approves Sale of RMB 100k Per Square Metre Homes

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Beijing’s city government announced pre-sale approvals for two new — and record-breakingly expensive — real estate projects in China’s capital.

According to a report in the South China Morning Post, a permit was issued on Sunday for a project in the city’s Chaoyang district to begin selling units with prices as high as RMB 100,537 per square metre, with the cheapest units being priced at RMB 53,072 per square metre.

Beijing's city government announced pre-sale approvals for two new -- and record-breakingly expensive -- real estate … Read more>>>

China’s Fosun Confident It Has Cash to Buy Portuguese Insurer

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Chinese conglomerate Fosun International Ltd (0656.HK), which is rapidly becoming one of China’s leading global investors, today reassured investors that it has adequate cash to finance its proposed 1 billion euro purchase of Portuguese insurer Caixa Seguros e Saude.

The company also indicated that it will continue to look for investment opportunities outside of China.

Chinese conglomerate Fosun International Ltd (0656.HK), which is rapidly becoming one of China's leading global … Read more>>>

Hong Kong’s Fu Wah Group Buys Melbourne Park Hyatt for A$135m

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A privately owned Hong Kong real estate developer added to the flood of Chinese money into Australia this week by picking up the Melbourne Park Hyatt Hotel for a reported A$135 million (US$119.78 million).

The five star hotel is located near Melbourne’s Parliament House at 1 St Andrews Place and was developed in 1999 by Lustig & Moar at a cost of $150 million. The sale involves both the 240 room Park Hyatt hotel and an adjoining commercial car park.

A privately owned Hong Kong real estate developer added to the flood of Chinese money into Australia this week by … Read more>>>

CIFI China Launches USD200M in 5-Year Bonds in Fight for Financing

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CIFI Holdings (Group) Co. Ltd. (HKEX Code: 884), a top 100 real estate developer in China, announced today that the Group has successfully issued its third issue five-year USD bonds with a coupon rate of 8.875%, with an order book of over USD1.1bn from investors in Asia and Europe.

In a statement the company indicated that net proceeds from the bond issue will mainly be used to refinance the Group’s existing debt and for other general corporate purposes.

CIFI Holdings (Group) Co. Ltd. (HKEX Code: 884), a top 100 real estate developer in China, announced today that the … Read more>>>

Fosun Group and Prudential Financial Plan Real Estate Joint Venture in China

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Chinese investment firm Fosun Group and Prudential Financial, Inc. (PFI) from the US, today announced plans for a real estate joint venture to invest in mixed-use development projects in China, and in select overseas locations.

The two companies refrained from stating dollar amounts or location specifics for the projects, however, Fosun has recently focused within China on tourism developments such as its plans for a 7-star resort hotel in Shanghai. Overseas, the investment conglomerate purchased 1 Chase Manhattan Plaza from JP Morgan Chase for US$725 million last October.

Chinese investment firm Fosun Group and Prudential Financial, Inc. (PFI) from the US, today announced plans for a real … Read more>>>

Fosun Plans 7-Star Resort Hotel Near Shanghai Disneyland

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Fosun International Ltd, the closely held Chinese conglomerate which owns Club Med, plans to build a 7-star resort hotel near Shanghai’s Disneyland.

According to a report in the official People’s Daily, Fosun CEO Liang Xinjun indicated that the group would build it’s second Atlantis Hotel near the as yet incomplete Disney project. “They (Atlantis executives) are really interested in building it near Disneyland,” Liang commented.

Fosun International Ltd, the closely held Chinese conglomerate which acquired Club Med last year, plans to build a … Read more>>>

Cifi and Greentown China Raising More Overseas Debt Financing

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This week, two more Chinese real estate developers began raising dollar-denominated debt financing as China’s government struggles to restrict lending and deflate a housing price bubble. In an interesting twist, both developers had already received significant investments from Hong Kong… Read More>>

This week, two more Chinese real estate developers began raising dollar-denominated debt financing as China's government … Read more>>>

Real Estate Investment Slows as Govt Tightens Credit

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Despite stories of rocketing prices, China’s enthusiasm for real estate — at least domestically — may be cooling off. Analysts now predict that investment in China’s property industry may only reach 15 percent in 2014, a major drop-off from the 19.8 percent expansion that the sector enjoyed in 2013.

In a report in the South China Morning Post (SCMP) today, Wei Yao, China economist at Societe Generale in Hong Kong, noted, “Further investment growth deceleration seems quite certain to us, which is, however, a necessary step towards a more balanced economy.”

Despite stories of rocketing prices, China's enthusiasm for real estate -- at least from the developer perspective -- … Read more>>>

Mapletree Sets Records with HK$3.77B Buy of Hong Kong Site

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A fund managed by Singaporean real estate developer Mapletree set new records for land prices in Hong Kong’s Kowloon district recently with its purchase of a commercial site for HK$3.77 billion (US$486 million).

The successful bid by Mapletree investments, beat… Read More>>

A fund managed by Singaporean real estate developer Mapletree set new records for land prices in Hong Kong's Kowloon … Read more>>>

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