Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Fosun Bids for $1 Bil Condo Project in Sydney
Chinese conglomerate Fosun International has emerged as one of the parties trying to buy an office tower on Sydney’s Elizabeth Street, which could yield a $1 billion apartment project.
Fosun has made an offer to buy 201 Elizabeth Street at the southern end of the city, property executives said, with its fate in the hands of owners Dexus Property Group and the Perth-based Perron Group. Read more>>
Tianjin Ready to Compensate Home-Owners in Chemical Blast
The Tianjin government yesterday announced how much it will pay in compensation to the owners of apartments that were damaged in last month’s fatal explosions in the port city.
The buyback price for properties in seven compounds — where more than 17,000 homes were damaged — has been set in the range of 10,582 yuan (US$1,660) to 14,271 yuan per square meter, the Binhai New Area government said. Read more>>
APAC Hotel Deals Fall 32% in 2015 Says Savills
Forty-one hotel deals worth more than US$1.95 billion across 11 countries were recorded between April and June, according to Savills’ Asia Pacific Hotel Sales & Investment Report.
The total brought hotel transactions to US$3.02 billion for the first half, however, that represented a year-on-year decrease of 32 percent according to the property consultancy. Read more>>
China Housing Sales Jump in September
House sales are rising at an explosive pace in China across most regions as stimulus measures kick in and the Communist authorities launch yet another cycle of credit growth.
Fresh data collected by China research house JL Warren Capital show that sales of existing homes surged by 115pc from a year earlier in the second week of September, rising to 135pc for the so-called “tier two” group of mid-to-large cities. Read more>>
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen.
Leave a Reply