Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Brunner Turns to Investment Deals to Build Knight Frank in China
Piers Brunner, the new chief executive officer for Greater China of Knight Frank, sets two priorities for his new job : strengthening the company’s existing business, and enlarging its capital markets arena in anticipation of cross-border growth in investment continues.
“We will strengthen what we have. We will build up the core business line, and capital markets is really the area of priorities,” said Brunner. He refers the core business to its agency business, and property valuation business in Hong Kong and China. Read more>>
Wang Jianlin Aims to Convert Foot Traffic into Web Traffic
China’s richest man, Dalian Wanda chairman Wang Jianlin, is banking on brick-and-mortar stores to realise his latest ambition of developing the country’s most successful privately owned internet finance business.
In a lengthy interview with mainland financial magazine Caixin, Wang spoke about how he expected his property company-turned-conglomerate to eventually outdo its internet counterparts in e-finance. Read more>>
China’s Property Sector to Grow 5% in 2016 Says S&P
Home prices and sales on the mainland are set to grow 5 per cent next year, aided by further government policy easing, according to global ratings agency Standard & Poor’s (S&P).
“To maintain GDP growth at 6.5 per cent next year, the Chinese government will continue to take supportive measures for the real estate sector,” S&P credit analyst Dennis Lee told a media briefing on Monday. Read more>>
BHG Retail targets $180M IPO for Chinese malls in Singapore REIT
BHG Retail Trust Management is looking to raise S$256 million ($180 million) in an initial public offering of its real estate investment trust with a portfolio of retail malls in China, its prospectus showed on Monday.
This would be the first REIT IPO in Singapore this year after several deals were pulled due to uncertain financial markets and concerns over potential U.S. interest rate hikes. Read more>>
China Sprouts Hundreds of Real Estate Crowdfunding Platforms
In Asia, real estate crowdfunding is mostly about presales and debts, instead of equity investment, as regulators have yet to pin down the details on how they would like to govern the fledging industry.
Mainland China had 128 crowdfunding online platforms as of the end of last year, including 32 for equity, according to a report by 01caijing, which provides broader online financial services, including data and research. Read more>>
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen.
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