Hong Kong “Shop King” Tang Shing-bor has entered into a sale and purchase agreement with a joint venture between Hanison Construction Holdings and a fund managed by China Merchants Capital to buy a Kwai Chung industrial building for HK$1.1 billion… Read More>>
Guangzhou-based Poly Developments and Holdings has agreed to pay RMB 2.5 billion ($355 million) for a combined residential and commercial site in Shanghai at a government auction, according to an announcement by the Shanghai Land Exchange.
The state-owned developer won… Read More>>
Beijing-based China Fortune Land Development (CFLD) announced that it has agreed to sell a Beijing commercial project to Ping An Insurance for a consideration of RMB 5.829 billion ($830 million) as the developer shifts toward an asset light approach in… Read More>>
GDS Holdings has entered into an agreement with GIC to build and operate hyperscale data centres in China, including in markets beyond the country’s first tier cities, according to a statement by the Shanghai-headquartered company.
Initially, the Singaporean sovereign wealth… Read More>>
Hong Kong’s Lands Department announced on August 12 that Far East Consortium International won a tender for the smallest plot of commercial land at Hong Kong’s former Kai Tak airport at a price of HK$2.45 billion ($312 million).
The local… 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 billion ($1.88 billion), earning the right to develop 857,700 square metres (9.23 million square feet) of commercial and… Read More>>
New World Development has acquired three shops in Hong Kong’s historic State Theatre complex, paying more than double their estimated value as the developer closes in on its redevelopment plans for the 67-year-old theatre.
The listed building, which was put… Read More>>
Henderson Land Development has moved a step closer to consolidating a site for a 1 million square foot mixed-use project in Kowloon’s Hung Hom area, thanks to a judicial ruling last week.
Hong Kong’s Lands Tribunal last week approved an… Read More>>
Johnson Electric has sold a converted industrial building in Hong Kong’s Chai Wan for HK$948 million ($121 million), after an attempt to sell the project for HK$1.2 billion via tender late last year failed to result in a sale.
The… Read More>>
Henderson Land and Swire Properties are set to expand the Taikoo Place commercial cluster in eastern Hong Kong island after acquiring the majority of an aging residential building adjacent to the Quarry Bay development.
Within the last two weeks a… Read More>>