Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Mingtiandi 2022 Event Calendar
    • APAC Residential Forum 2022
    • Asia Logistics Forum 2022
    • Asia REIT Forum 2022
    • APAC Data Centre Forum 2022
    • Singapore Focus Forum 2022
    • Office Strategies Forum 2022
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Seaworld Buyer Said Planning $3B US Senior Living Deal and More Asia Real Estate Headlines

2017/06/15 by Michael Cole Leave a Comment

Seaworld Zhonghong

Maybe Zhonghong’s aging tenants could find part-time jobs at the company’s other business

China’s Zhonghong Zhuoye Group first hit the headlines three months ago with its $449 million purchase of a stake in Seaworld from Blackstone. Now the Chinese conglomerate is back in the news with plans for a $3 billion buyout of a US senior living provider. Also getting some ink today, a Hong Kong financier pays $664k for a parking space and the latest update on Wu Xiaohui’s unplanned vacation from Anbang. Read on for all these stories and more.

Seaworld Buyer Said Planning $3B Bid for US Senior Living Provider

Zhonghong Zhuoye Group Co Ltd, the Chinese real estate and leisure group which last month bought a stake in SeaWorld Entertainment Inc (SEAS.N), is in talks to acquire Brookdale Senior Living Inc (BKD.N), people familiar with the matter said.

The deal would be by far the biggest acquisition by a Chinese company in the U.S. senior care sector, and a key test of the U.S. government’s openness to Chinese investments in key healthcare services industries. Read more>>

Hong Kong Now Home to World’s Most Expensive Parking Space

A Hong Kong executive has paid HK$5.18 million (US$664,260) for space to leave his vehicle, setting yet another record in the costliest major urban centre on earth to become the owner of the world’s most expensive car parking spot.

Kwan Wai-ming, the executive director of Huarong Investment Stock Corp, paid the record price for his third parking spot at the Upton apartment complex in western Hong Kong’s Sai Ying Pun. He had already spent a total of HK$88.55 million since 2014 for two apartment units, and three parking spaces at the 48-storey complex. Read more>>

Anbang Boss’ Detention Part of Insurance Industry Probe

Chinese investigators who detained Wu Xiaohui, chairman of Anbang Insurance Group, are carrying out a wide probe that includes looking into the sources of funding for the firm’s acquisitions overseas, possible market manipulation by insurers, and “economic crimes,” people familiar with the matter said.

Wu is being questioned in a joint investigation including the police and a special unit of the Central Commission for Discipline Inspection, the people said, asking not to be identified because the probe is confidential. The scrutiny doesn’t mean Wu is accused of any crime or will face charges, they said. Read more>>

Perennial Sets Up First Health Care Facility in SG

Perennial Real Estate Holdings will be setting up a healthcare facility in Singapore’s Orchard Road precinct. This Ming Yi Guan facility will be Beijing Hospital of TCM’s first treatment facility in Singapore and South East Asia, as well as the first outside of China.

Ming Yi Guan will be set up at The House of Tan Yeok Nee, which has a total gross floor area of about 29,900 square feet, making it the largest integrated TCM treatment facility in Singapore. Read more>>

Take a Tour of a $500,000, 161 Sq Ft Home

That’s about 161 square feet — and the size of a Hong Kong micro-apartment sold by property giant Henderson Land Development Co for just less than $500,000. An actual Tesla Model X in Hong Kong starts at around $150,000.

As Hong Kong housing prices reach new highs and keep the city the most unaffordable for housing in the world, developers including billionaire Li Ka-shing’s Cheung Kong Property Holdings Ltd., Kowloon Development Co. and Henderson Land have been offering more and more units of smaller and smaller size. Another developer, Chun Wo Property Development Ltd., plans to build apartments as small as 128 square feet — about the size of a California garden shed. Read more>>

Tracking Hong Kong’s Home Price Growth Since 1997

As the Union Jack fluttered over Hong Kong’s Victoria Harbour for the last time on June 30, 1997, home prices were hovering near record highs and sellout crowds at new projects were the norm.

Twenty years on, property price have hit fresh records and buyers are still thronging to buy new apartments. This time around, the boom has been accompanied by demand from another source: mainland developers. Read more>>

Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: Anbang Insurance, Hong Kong housing market, Perennial Real Estate Holdings, Zhonghong Zhuoye

Office forum 2022 Jumbo

Leave a Reply

Your email address will not be published. Required fields are marked *

Asia Proptech Report 2022 (New technology)

Get Mingtiandi Delivered

Office forum 2022 Web banner

MTD TV

Demographics and Demand Driving Asia Data Centre Investment Surge: MTD TV
ESR, JLL, BW and Logos See Logistics Pivot to Developing Markets: MTD TV

More MTD TV Videos>>

People in the News

Lu Yi Shimao
Asia Real Estate People in the News 2022-06-27
Wu Jianxin Kaisa
Asia Real Estate People in the News 2022-06-20
Graham Mackie Tishman
Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India
Antoine Mesnage
AXA IM Alts Appoints Antoine Mesnage as Head of Australia, Promotes 2 Other Execs

More Industry Professionals>>

People in the News

Asia Real Estate People in the News 2022-06-27

Lu Yi Shimao

A senior appointment by one of China’s crew of defaulting privately-controlled developers leads this week’s roundup of … Read More>>

Asia Real Estate People in the News 2022-06-20

Wu Jianxin Kaisa

Top level executive changes at a pair of major mainland real estate companies lead this week’s round-up of personnel … Read More>>

Tishman Speyer Appoints Graham Mackie to Lead APAC Push Beyond China and India

Graham Mackie Tishman

US developer Tishman Speyer has hired industry veteran Graham Mackie as a managing director to lead the firm’s Asia … Read More>>

AXA IM Alts Appoints Antoine Mesnage as Head of Australia, Promotes 2 Other Execs

Antoine Mesnage

AXA IM Alts is shaking up its leadership team Down Under with the appointment of Antoine Mesnage as the French firm’s … Read More>>

More Industry Professionals>>

Latest Stories

Albert Yeung Emperor International
Deep Water Bay Home Sells for $111M in Hong Kong’s Priciest Deal This Year
Agile Group chairman Chen Zhuolin (Source: Getty Images)
China’s Agile Gets Mezzanine Loan From Hong Kong Tycoons at 20%
Robert Wallace FLCT
Frasers’ FLCT Buying UK Logistics Development From Stoford for $124M

Sponsored Features

Should Proptech Give Us Sleepless Nights?
Hong Kong’s Evolving Commercial Real Estate Landscape
Opportunities in the Greater Bay Area

More Sponsored Features>>

MTD-QR-Code-320

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Membership
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2022 China Advertising Media Ltd (Samoa). All rights reserved.