…ef Kong Peng to “personal reasons,” with the former HNA Group, Gemdale and Longfor executive departing after joining the developer in 2013 to run its operation in Beijing and the surrounding area. In his first three years’ on the job, the Tsinghua University graduate increased annual sales in his territory from RMB 200 million to RMB 8.75 billion, accounting for 16.5 percent of overall CIFI’s revenue. Conditions changed, however, in 2017 when auth…
Search Results for: longfor
Asia Real Estate People in the News 2018-12-17
…e this week or left for greener pastures. Mainland development heavyweight Longfor Group announced this past week that Vice President Hu Hao will leave the group on January 1st for personal reasons, becoming the second vice president to leave the company over the last two months and following the recent departures of at least nine other senior company executives. Hu will be replaced by Deng Jian, former general manager of Longhu Group Dalian. Zhen…
Greystar Announces $450M First Close of China Rental Housing Fund
…directly into the sector through a $817 million partnership with developer Longfor Group and Hong Kong’s Gaw Capital Partners last year teamed with Shanghai-based Harbour Apartments in setting up a $2.6 billion rental housing fund of their own. Greystar Finds Experienced Partners In teaming with APG, Bouwinvest and MIRA, Greystar, which is among the largest multi-family developers and managers globally, is making its first play in Asia Pacific wit…
House on Hong Kong’s Peak Sells at 26% Discount as Market Struggles
…et at the Mount Nicholson project at the Peak when Junson Capital boss and Longfor Properties co-founder Cai Kui, paid HK$1.399 billion to acquire a 9,217 square foot home at a price of around HK$151,985 per square foot. With tighter lending conditions having had a major impact on the mainland since mid-2018, however, many potential buyers have been sapped of both credit and confidence. In December an unidentified buyer agreed to purchase House No…
Wheelock Sells House at Hong Kong’s Peak for HK$720M Four Months After Failed Deal
…ill be joining some lofty company on the side of Hong Kong’s highest hill. Longfor Properties co-founder and Junson Capital boss Cai Kui paid HK$151,785 per square foot and a total of HK$1.4 billion for a nearly identical house next door at No 17 in April last year, making it the most expensive home ever sold in Hong Kong by unit of area. In addition to Cai, other mainland buyers have targetted homes in Mount Nicholson with Lin Zhongmin, chairman…
Asia Real Estate People in the News 2019-05-13
…served as President from 2015 through last year, and was an executive with Longfor Properties from 2008 to 2015. Mark Li is now a Director with Sino-Ocean Capital in Hong Kong, where he is responsible for raising private equity funds for the real estate investment division of Beijing-based Sino-Ocean Group. Li began working with global institutional investors on behalf of his new firm this month after spending all of 2018 with Country Garden Asset…
Asia Real Estate People in the News 2019-07-01
…, who has resigned, joined the Shanghai-based developer in early 2018 from Longfor Properties. Dae-yang Park has been named as the CIO of Korea Investment Corporation, after the South Korean wealth fund’s former CIO, Shinwoo Kang, departed after his allotted three-year term. Park, who has been the chief investment officer of state-owned Korea Teachers’ Pension since 2017, will take up his new position following regulatory checks after scoring high…
Asia Real Estate People in the News 2019-07-15
…Tongji University Architecture graduate was an R&D and design manager for Longfor from 2008 to 2009, and a deputy design manager for Shui On Land from 2003 until 2008. Ivy Sun has been hired by BMW as a senior manager in the company’s APAC real estate transaction division in Shanghai, after parting ways with Continental where she had been a senior manager for APAC real estate for almost a year. Sun was a senior transaction manager for CBRE in Sha…
Future Land China Sale Kicks Off With RMB 4.15B in Disposals
…cent stake in a development in Changshu, Jiangsu province. Chongqing-based Longfor also took the opportunity to add to its pipeline by acquiring 100 percent of a 107,200 square meter project in Taiyuan, Shanxi for RMB 905 million. Future Land Aims for Stability The set of transactions was announced on the same day that parent company Future Land declared in a separate statement that it would stick to its long term development strategy by focusing…
Straits Trading Agrees to Acquire Trio of Tokyo Buildings and More Asia Real Estate Headlines
…rties, Straits Trading said in a filing on Thursday night. Read more>> KWG-Longfor Kai Tak Project Struggles to Find Buyers The most expensive new flats ever to go on the market at Kai Tak, the site of Hong Kong’s former international airport, met with a frosty reception on Friday as buyers held back amid a market reeling from months of civil unrest and the effects of the US-China trade war. By 10pm, just 98 of the 218 units on sale at Upper River…
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