Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Tencent Headquarters in the Running for List of China’s 10 Ugliest Buildings
The global headquarters of Chinese internet giant Tencent is one of 90 architectural structures in the running for this year’s “Top 10 Ugliest Buildings in China” competition.
The contest, organised by Chinese architecture website archcy.com, is in its sixth year. Nominations were submitted by internet users and voting began on April 1st. Read more>>
China’s Poly Property Wins Bidding for Hong Kong Site at HK$1.73B
Mainland developers continue their expansion in Hong Kong’s real estate, with Poly Property beating 19 Hong Kong and mainland developers to win the development rights of a government site in Tuen Mun.
The Lands Department said it had awarded the residential site in Tuen Mun to Poly Property for HK$1.73 billion, about 25 per cent above the upper range of market expectations of HK$900 million to HK$1.38 billion. Read more>>
China Property Trusts Delay Payments as Real Estate Market Slows
China has largely defused this year’s 67.9 billion yuan of maturing property trust products, but analysts warn default risks linger as inventories remain high despite quickening sales.
In the first half, payments on six property trust funds were delayed, while so far this quarter, there has been only one. Read more>>
NZ Govt Rejects NZ$88M Chinese Deal for 13,800 Hectare Ranch
The sale of Lochinver Station, vetoed by the Government, would have created only a couple of contracting roles and potentially one part-time job, Associate Finance Minister Paula Bennett says.
Ministers rejected the $88 million bid from Pure 100 Farm Ltd – a subsidiary of Chinese owned Shanghai Pengxin – because the benefits to New Zealand were not “substantial and identifiable”. Read more>>
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for more news as it happens.
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