Less than two months after purchasing a West Kowloon project for HK$42.23 ($5.4 billion) Sun Hung Kai Properties is reported to have found a partner to join in building the largest commercial tower on the peninsula.
Ping An Real Estate… Read More>>
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Kaisa Group Buys New Territories Site for HK$3.5B to Expand HK Foothold
Kaisa Group Holdings has expanded its foothold in Hong Kong as the Shenzhen-based developer beat out 14 other bids to take home a site in the New Territories, according to an announcement by Hong Kong’s Lands Department late Monday.
The… Read More>>
Hong Kong’s First Group Buys Tsuen Wan Office Site for HK$980M
Hong Kong’s once-frenzied commercial property market is flagging as months of political turbulence take a mounting toll on the city’s economy. But a pair of recent sales in the New Territories and Kowloon totaling more than HK$1 billion show that… Read More>>
RMB 32B Shanghai Riverside Site Expected to Draw Consortium Bids
A mixed-use site in Shanghai’s Xuhui district has been offered for sale with an estimated price tag of more than RMB 30 billion ($4.3 billion), as the municipal government strives to build a 1.8 million square metre (19.4 million… Read More>>
GDS Buys Shanghai Data Centre Site From Mapletree Trust for RMB 330M
GDS Holdings Limited has acquired a bonded warehouse in Shanghai that it plans to convert into a data centre, as the company continues to ramp up its capacity in mainland China in the face of rising demand for cloud services… Read More>>
Commercial Site in Shanghai’s Yangpu District Sells for RMB 4.6B
A trio of state-owned developers has agreed to pay RMB 4.6 billion ($650 million) for a land parcel in Shanghai’s Yangpu district that is earmarked for up to 147,000 square metres of office and research and development space.
The 36,800… Read More>>
Shun Tak JV Paying RMB 4.7B to Buy 50% of Mega-Project on Shanghai’s Suzhou Creek
Shun Tak Holdings, the Hong Kong-based holding company of casino billionaire Stanley Ho is taking a gamble on a long-stalled Shanghai project, after leading a joint venture which acquired a half-stake in a site along Suzhou Creek, just a quick… Read More>>
Tencent Pays RMB 8.5B for Mixed-Use Site on Shenzhen’s Qianhai Bay
The Shenzhen government has awarded tech giant Tencent an 809,124 square metre (8.7 million square foot) plot of reclaimed land to develop a “future city” focused on technology and innovation, according to an announcement by the city’s Land and Real… Read More>>
Shimao Buys Beijing Residential Site for RMB 850M
Shimao Properties, mainland China’s eleventh largest developer by contracted sales, has agreed to pay RMB 850 million ($115 million) for a residential site in Beijing, according to the city’s Land Bureau.
The Hong Kong-listed developer controlled by tycoon Hui Wing… Read More>>
Sun Hung Kai Buys West Kowloon Site for $42B as HK Market Slides
The Hong Kong government has sold the biggest plot of land ever put on sale in the Asian financial hub to Sun Hung Kai Properties for HK$42.23 billion ($5.4 billion), according to an announcement by the city’s Lands Department.
The… Read More>>
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