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Asia Pacific real estate investment news and information

Li Ka-shing’s Son Richard to Sell Beijing Property for $900M

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The real estate arm of Richard Li’s PCCW announced this week that it is close to selling a Beijing office building for a price put by sources close to the deal at US$900 million, as the Hong Kong princeling follows his father’s lead in selling off China property assets.

The move by Hong Kong based Pacific Century Premium Developments Ltd (PCPD), follows soon after the younger Li’s father, Li Ka-shing sold the Nanjing IFC in eastern China’s Jiangsu province on January 1st

The real estate arm of Richard Li's PCCW announced this week that it is close to selling a Beijing office building for a … Read more>>>

China State-Owned Giant COFCO Bids for Dutch Food Firm

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Cofco submitted a binding bid for the stake last month, a person familiar with the transaction said. The stake is worth around US$250 million, but it wasn’t immediately clear how much Cofco will pay.

COFCO, formally China National Cereals, Oils and Foodstuffs Corporation, is China’s largest food processing, manufacturer and trader.

Chinese state-owned food company COFCO Corp. offered to buy a minority stake in Netherlands-based grain trader Nidera … Read more>>>

China’s CIC Wealth Fund Plans More Deals in Europe

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China Investment Corp., the country’s $575 billion sovereign wealth fund, favors European infrastructure and real estate as developed markets will drive the next phase of the global economic recovery.

“Europe has a lot of potential,” CIC Chairman Ding Xuedong said yesterday at a conference in Hong Kong.

China Investment Corp., the country's $575 billion sovereign wealth fund, favors European infrastructure and real estate … Read more>>>

Dubai Real Estate Starts to Catch On With Chinese Investors

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The bubble created in Dubai’s real estate market burst in 2008, but the sector is now making a comeback, attracting global investors including those from China, reports Shanghai’s China Business News.

Housing prices in Dubai have surged by nearly 30% over the past year, with Dubai-based real estate developers recruiting salespeople that can speak Chinese

The bubble created in Dubai's real estate market burst in 2008, but the sector is now making a comeback, attracting … Read more>>>

Cities Unable to Meet Housing Price Control Targets Say Experts

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It’s virtually impossible for major Chinese cities to meet their housing price control target set for 2013, experts say.

The prices of newly built housing in the four first-tier cities, namely Beijing, Shanghai, Shenzhen and Guangzhou, kept a 20 percent growth rate from September to November, according to statistics published by National Bureau of Statistics.

It's virtually impossible for major Chinese cities to meet their housing price control target set for 2013, experts … Read more>>>

Pan Shiyi Courts the Press and Tests Pollution on Shanghai’s Subway

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Real estate developer and attention-seeker Pan Shiyi led the media on a pollution-checking tour of Shanghai’s subway on Friday in an apparent attempt to ensure the public that the city’s public transport was pretty ok.

Pan’s day job may be… Read More>>

Real estate developer and attention-seeker Pan Shiyi led the media on a pollution-checking tour of Shanghai's subway on … Read more>>>

Evergrande Jumps into Water Biz with RMB5.7B in Orders

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Not content with being China’s second largest real estate developer or winning the AFC Champions League soccer crown, Guanzhou-based Evergrande Group announced orders worth RMB 5.7 billion ($940 million) for its new bottled water brand, Evergrande Spring over the weekend.

At a ceremony in the city of Qingyuan in Guangdong, the company’s chairman, Xu Jiayin announced plans to…

Not content with being China's second largest real estate developer or winning the AFC Champions League soccer crown, … Read more>>>

China’s Warren Buffett Buys European Insurer for $1.36B

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Chinese conglomerate Fosun International Ltd. picked up Portuguese insurance firm Caixa Seguros e Saude this week for 1 billion euros ($1.36 billion), marking one of the biggest overseas investments in the finance sector to date by a Chinese investor.

In a sign of China’s growing economic clout, Fosun bested U.S. buyout firm Apollo Management International LLP to acquire the insurance arm of Portugal state bank Caixa Geral de Depositos SA

Chinese conglomerate Fosun International Ltd. picked up Portuguese insurance firm Caixa Seguros e Saude this week for 1 … Read more>>>

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