The Hong Kong government on Tuesday cancelled a land sale for the first time since January 2016, as it withdrew a luxury site near Victoria Peak which it had hoped would bring bids as high as HK$32.3 billion ($4.1 billion).
CapitaLand Said Buying Project in Shanghai’s Hongkou District for $1.85B
Singapore’s CapitaLand is reportedly investing at least RMB 12.79 billion ($1.85 billion) to acquire its most expensive real estate project yet in mainland China, according to accounts in the mainland media.
Southeast Asia’s largest developer would be paying the record… Read More>>
Overseas Chinese Town Buys Pair of Shenzhen Sites for RMB 4.2B
Hong Kong and Shenzhen-listed real estate developer Overseas Chinese Town Holding has purchased a pair of mixed-use sites in the centre of Shenzhen’s Bao’an district for RMB 4.2 billion ($605 million) at a government land auction on October 10th, according… Read More>>
Owners of 126-Year-Old Site on Hong Kong’s Peak Try for Compulsory Sale
Owners of an aging set of luxury condominiums on Hong Kong’s Victoria Peak have applied for a compulsory sale in the hope of redeveloping a property that dates back to 1892.
The potential asking price for the collective sale of… Read More>>
Customers Throw Stones as Country Garden Discounts Mainland Homes
During China’s golden week, buyers of Country Garden homes mobbed the company’s sales centres in several cities after the country’s largest developer by sales began offering discounts that made new homes cheaper than the price paid by earlier customers.
The… Read More>>
HK-Listed Affiliate of Qingjian Group Buys Kowloon Site for HK$530M
The mainland parent of one of Singapore’s largest real estate developers will soon start work on its first Hong Kong housing project, after CNQC International paid HK$530 million ($67.7 million) for a Kowloon East site.
Hong Kong-listed CNQC International, which operates… Read More>>
Greenland Group Buys Hangzhou Sites for $224M to Expand Land Bank
The Chinese government’s tighter financing constraints have not slowed down the largest real estate developer controlled by the Shanghai city government, as Greenland Group continued to expand its land bank last week with the acquisition of a pair of land… Read More>>
COSCO Subsidiary Buys Back Shanghai Site for $596M
A subsidiary of mainland shipping giant Cosco made Shanghai’s biggest land buy of September when it picked up a 145,800 square metre (1.57 square foot) mixed-use plot in Baoshan district for the auction reserve price of RMB 4.1 billion ($596.2 million),… Read More>>
JLL Moving Hong Kong Office to Swire’s One Taikoo Place in Quarry Bay
JLL, the world’s second largest property consultancy by revenue, announced on Thursday that it would pack up its office in the city’s traditional business centre of Admiralty and move to One Taikoo Place in Quarry Bay next year.
The Chicago-based… Read More>>
Vanke, Microsoft Agree to Use AI to Make Smarter Homes and Warehouses
Leading real estate developer China Vanke has signed a strategic cooperation agreement with Microsoft (China) to work together applying artificial intelligence to real estate projects, local media reported.
At the World Artificial Intelligence Conference 2018 in Shanghai on Tuesday, China’s… Read More>>
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