Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Plans for what would be the tallest residential tower in western Europe have been submitted to Tower Hamlets Council by China’s Greenland Group.
The Shanghai-based developer has submitted plans for a 67-storey tower that would provide 869 new homes on West India Quay. Read more>>
Greenland USA today announced the commencement of sales for the second tower of Metropolis, a more than $1 billion mixed-use development in Los Angeles.
Upon completion in 2018, Metropolis will be comprised of three residential towers and the first Hotel Indigo® in the city. Tower II will provide expanded offerings, including Met 9, a large outdoor 1.5 acre recreational area on the ninth level available exclusively to the residents of Tower II and Tower III. Read more>>
Oceanwide Holdings announced this week that it would cut its planned private placement of shares, to 5.8 billion yuan ($914.11 million) from 12 billion yuan.
In August the mainland developer had announced the $390 million acquisition of two adjoining sites in New York. The company has also acquired the First and Mission site in San Francisco and is building Figueroa Central complex in Los Angeles. Read more>>
China Vanke’s property sales jumped 24.7% year over year to 24.42 billion yuan ($3.84 billion) in September amid a partial recovery in the real estate market, with residential property prices rising in Beijing, Shanghai and Shenzhen.
Sales by area for the Shenzhen-based developer totaled 1.84 million sq. meters, up 11.2% from a year earlier. For the January-September period, sales grew 21.1% to 180.47 billion yuan while sales by area climbed 13.9% to 14.39 million sq. meters. Read more>>
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen.