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Guo Shuqing, chairman of CBIRC

China Banking Regulator Launches Crackdown on Property Lending in 32 Cities

Guo Shuqing, chairman of CBIRC

2019/08/12 by Jan Kot Leave a Comment

Sales for China’s top 100 developers fell 29 percent for the first seven months of 2019, as the government has continued a year-long clampdown on the housing market, and that trend could be set to continue, as the country’s top… Read More>>

Sales for China’s top 100 developers fell 29 percent for the first seven months of 2019, as the government has continued … Read more>>>

Duo Tower

JLL Scores with S$1.6B Singapore Duo Deal and More Agency Wins Mingtiandi Broker Battle

Duo Tower

2019/08/12 by James Hatton Leave a Comment

A pair of Singapore deals top the tables in this edition of Mingtiandi’s round up of agency wins, with JLL helping to ink the S$1.6 billion ($1.2 billion) acquisition of the Duo Tower and Duo Galleria by Allianz Real Estate… Read More>>

A pair of Singapore deals top the tables in this edition of Mingtiandi’s round up of agency wins, with JLL helping to … Read more>>>

Zhang Li

Zhang Li’s US Firm Booted From Troubled Silicon Valley Projects

Zhang Li

2019/08/11 by James Hatton Leave a Comment

Z&L Properties, which is privately funded by Guangzhou R&F Properties’ co-founder Zhang Li, has been kicked off two of its four development projects in California’s Silicon Valley after failing to hit contractually designated project milestones, according to local media.

San… Read More>>

Z&L Properties, which is privately funded by Guangzhou R&F Properties' co-founder Zhang Li, has been kicked off … Read more>>>

Sun Hung Kai Raymond Kwok

Sun Hung Kai Teams Up with Ping An to Win Hangzhou Site for RMB 13.26B

Sun Hung Kai Raymond Kwok

2019/08/11 by Jan Kot Leave a Comment

A joint venture between Sun Hung Kai Properties and Ping An Insurance has won a land parcel in Hangzhou for RMB 13.26 billion ($1.88 billion), earning the right to develop 857,700 square metres (9.23 million square feet) of commercial and… Read More>>

A joint venture between Sun Hung Kai Properties and Ping An Insurance has won a land parcel in Hangzhou for RMB 13.26 … Read more>>>

Lejia apartment

Mainland Rental Housing Operator Lejia Defaults on Debts, Shuts Down

Lejia apartment

2019/08/10 by Jan Kot Leave a Comment

Mainland rental housing operator Lejia ended weeks of speculation by announcing through the company’s official WeChat account this past week that it has “ceased operation, closed down all business, and let go of most of its staff.”

Three-year-old Lejia, which… Read More>>

Mainland rental housing operator Lejia ended weeks of speculation by announcing through the company’s official WeChat … Read more>>>

Kai Tak Runway

Hong Kong Doubles Deposit on Land Tenders to HK$50M and More Asia Real Estate Headlines 

Kai Tak Runway

2019/08/10 by James Hatton Leave a Comment

Land deposits lead the way in Mingtiandi’s roundup of real estate headlines today with the news that the Hong Kong Lands Department is doubling deposit requirement on government land sales to HK$50 million ($6.3 million) after a nervous buyer backed… Read More>>

Land deposits lead the way in Mingtiandi’s roundup of real estate headlines today with the news that the Hong Kong Lands … Read more>>>

Chelsfield, Pamfleet Team Up to Buy SH Offices From Sino-Ocean for RMB 1.5B

2019/08/08 by James Hatton Leave a Comment

UK developer Chelsfield has teamed up with a group of Hong Kong and Malaysian investors to purchase a set of four office buildings in Shanghai for a consideration of RMB 1.5 billion ($210 million), according to an announcement to the… Read More>>

UK developer Chelsfield has teamed up with a group of Hong Kong and Malaysian investors to purchase a set of four office … Read more>>>

Korea Investment Corporation Names Dae-yang Park As CIO 

2019/08/08 by James Hatton Leave a Comment

Korea Investment Corporation has appointed Dae-yang Park as its chief investment officer, according to an announcement by the sovereign wealth fund.

Park joins the South Korean sovereign wealth fund from the Korea Teachers Pension, where he had served as the… Read More>>

Korea Investment Corporation has appointed Dae-yang Park as its chief investment officer, according to an announcement … Read more>>>

Savills Blames Brexit and HK Protests for 12% Drop in Profits

2019/08/08 by James Hatton Leave a Comment

Savills has posted a half-year drop in group underlying profit of 12 percent in constant currency terms to £38.4 million, blaming Brexit and political unrest in Hong Kong, according to a stock exchange announcement.

Group underlying profit for Asia Pacific… Read More>>

Savills has posted a half-year drop in group underlying profit of 12 percent in constant currency terms to £38.4 … Read more>>>

CapitaLand Profit Falls 4.2% and More Asia Real Estate Headlines 

2019/08/08 by James Hatton Leave a Comment

Falling profits lead the way in Mingtiandi’s roundup of real estate headlines today with the news that earnings at a major Singapore developer took a hit from the costs of a recent merger.

In other news around the region, an… Read More>>

Falling profits lead the way in Mingtiandi’s roundup of real estate headlines today with the news that earnings at a … Read more>>>

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