…a released on Friday by the National Bureau of Statistics. April’s fall in prices followed a 0.7 percent drop in March, which was the first month that prices had fallen since the Chinese government began restricting home sales in an effort to cool down the residential real estate market. The statistics which reported April home sales in 70 major cities in China also showed that sales had fallen 0.3 percent on a month to month basis, the seventh st…
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China Resources Land and Friends Outbid SHK, Swire to Win RMB 5.8B Shanghai Site
…s stipulated by the Shanghai Bureau of Planning and Natural Resources, the buyers of the project must maintain 100 percent of the property during the entire holding period, which is 40 years for the retail space and 50 years for the office component. The new owners are also required to reconstruct three demolished historical buildings previously located on the site and build an eight-meter-wide public underground passage connecting to metro lines…
CapitaLand Mall Trust Sells SG Mall to Lian Beng JV For $189M
…opping Centre deal, homegrown developer Lian Beng, has previous experience buying retail assets from the CapitaLand Group. In July last year Lian Beng bought the 12-storey Wilkie Edge integrated complex from CapitaLand Commercial Trust for S$280 million. Completed in 2008, Wilkie Edge has a net lettable area of 154,528 square feet and was fully occupied as of March 2017, with tenants like Kaplan Learning Institute and Tower Research Capital, a fin…