Hong Kong entertainment giant Emperor International has announced to the Hong Kong Stock Exchange that it is selling a hotel property in Hong Kong’s Yau Ma Tei district for HK$1.1 billion ($140 million) to “Shop King” Tang Shing-bor, who is… Read More>>
IKEA Breaks Ground on $1.2B Mall and HQ in Shanghai
Ingka Holding BV, parent of the world’s largest home-furnishings retailer IKEA, has begun development on a $1.2 billion mixed-use development in Shanghai that the home furniture supplier says is its single biggest investment globally.
The Shanghai IKEA LIVAT centre, which… Read More>>
Wanda Targets 17 Mall Openings by Year-End
Wanda Group has announced that it is opening 17 new Wanda Plaza shopping centres in the last five weeks of this year, accounting for 34.7 percent of the company’s total new mall openings for 2018.
The surge of new debuts… Read More>>
Amid China Property Downturn, A Naked Grab For Attention
Chinese property firms’ naked grab for publicity has bared for all in the mainland an indecorous and unsurprisingly effective marketing peccadillo: the use of nude young women to sell splashy hot condos.
As China’s real estate market takes a turn… Read More>>
Land Sales to Add Over 3,200 More Rental Homes to Shanghai Housing Pipeline
The Shanghai city government is putting up for tender three new residential sites with a planned construction area of just over 210,000 square meters, bringing its yearly proffering of residential land to more than two million square meters, according to… Read More>>
New World Buying Guangzhou Site Next to China’s Largest Amusement Park for $690M
New World Development last week announced to the Hong Kong Exchange that it is buying a 65 percent stake in a site in Guangzhou, next to the country’s largest amusement park, for a total consideration of over RMB 4.78 billion… Read More>>
Love Hotel Magnate Buys Singapore’s Golden Wall Centre for S$276.2M
Singapore’s Golden Wall Centre has been sold for S$276.2 million ($200.8 million) to the owner of one of the city’s budget hotel chains, according to an announcement on Monday by Edmund Tie & Company, which advised on the transaction.
A… Read More>>
Luxury Home on HK’s Victoria Peak Could Sell for $76M
Hong Kong’s housing market may be in the doldrums but sales of high-end luxury properties are sailing smoothly enough for the city’s largest developer to put on the market a house that should sell for at least HK$145,000 ($18,517) per… Read More>>
Chinachem’s One Hennessy Office Tower Now 80% Leased in Hong Kong
Chinachem Group announced on Wednesday that its One Hennessy officer tower in Hong Kong’s Wanchai district has leased all but four of the available floors among its 21 storeys of office space some three months before the building’s scheduled completion.
China Jinmao Selling Xiamen Homes for Less Than Land Cost as Market Skids
Demand for homes is slipping in mainland China and state-owned China Jinmao Holdings seems to be finding out how low prices can go as the developer has begun selling homes at a project in Xiamen for less than the price… Read More>>
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