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
    • Asian Capital in Australia 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

Shenzhen Metro Steps in as China Resources Exits Vanke and More Asia Real Estate Headlines

2017/01/15 by Michael Cole Leave a Comment

Wang Shi Vanke

Vanke chairman Wang Shi’s long nightmare might be over

One of the biggest takeover battles in Chinese corporate history appears to be coming to a close as China Resources sells its Vanke stake to Shenzhen Metro. Also in the headlines to start the week, China’s best known think tank predicts a reversal in the mainland’s outbound investment spree, and HNA’s Hong Kong office now costs $356,000 per month.

Shenzhen Metro Takes Over at Vanke as China Resources Exits

State-owned Shenzhen Metro Group’s purchase of the second-biggest holding in China Vanke is likely to pave the way for it to take control of the property giant and put an end to a year-long corporate power struggle.

Vanke, the nation’s biggest property developer by market value, has been in crisis since Baoneng Group, a financial conglomerate, built up a stake of 25 percent and sought to oust management. Read more>>

CASS Says China’s Outbound Investment Will Decline in 2017

China’s direct investment overseas is likely to decline this year, according to a government think tank, reversing nearly a decade and a half of rapid increases that fueled global booms in infrastructure and real estate from Africa to Australia.

Greater scrutiny of outbound deals by the government and the prospect of tougher trade measures in the U.S. and other countries are likely to deliver a hit to Chinese investments in foreign plants, resources, real estate and other physical assets, said economists at the Chinese Academy of Social Sciences. Read more>>

Let Me Be Your Broker! Rent for HNA’s HK Office Rises to $356K Per Month

HNA Group, a Chinese conglomerate that owns hotels, golf courses and Hainan Airlines, expanded its Hong Kong headquarters before embarking on its land acquisition spree in the city.

The group in October leased another 15,776 square feet of office space on the 37th floor of Two International Finance Centre in Central for a monthly rent of HK$2.76 million, or HK$175 per square foot, according to Lands Registry records. Read more>>

New World, Vanke Hong Kong Project Launches Set Price Records

New World Development and Vanke Property (Overseas) have launched the sale of their joint residential project in Tsuen Wan, with some units costing more than HK$20,000 per square foot, setting a record in the district.

The developers on Friday released the price list for the first batch of 197 units at Pavilia Bay at an average of HK$15,183 per square foot after factoring in a discount of as much as 22 per cent. Read more>>

MAD Architects Chosen to Design Star Wars Museum in LA

Recently, Beijing-based design studio MAD Architects and its founder Ma Yansong were chosen to design a new museum in Los Angeles for “Star Wars” filmmaker George Lucas.

Lucas has been trying to build the museum, called The Lucas Museum of Narrative Art, for nearly a decade, and is financing the project by himself with plans to spend over $1 billion. The museum will become a new landmark in LA and will bring more than ten thousand job opportunities for the city. Read more>>

Will South Korea and China Clash Over OBOR Vision?

If the 21st century ultimately fulfills its predicted destiny as the “Pacific Century,” future historians will mark 2013 as the watershed year in which the gravity of world power began to tilt toward the Asia-Pacific, and perhaps 2017 as the decisive year of the shift. In 2013, two major economic strategies to strengthen regional cohesion and global connectivity were announced: China’s massive “One Belt, One Road” (OBOR) and South Korea’s “Eurasia Initiative” (EAI).

While the former has clearly overshadowed the latter, the relatively tiny South Korea’s aspirations may ultimately hold the key to the success or failure of China’s grand vision because of the pivotal role North Korea plays in the destiny of both countries. Read more>>

Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: crelist Tagged With: CASS, China Academy of Social Sciences, China Vanke, MAD Architects, Shenzhen Metro

https://player.vimeo.com/video/658500990?h=acd5304b2d

Leave a Reply

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

JLL HK - Research Subscription_RH Column

Get Mingtiandi Delivered

MTD TV

Warburg Pincus, Princeton Digital Foretell Asia’s Data Centre Future

Demographics and Demand Driving Asia Data Centre Investment Surge: MTD TV

More MTD TV Videos

Latest Stories

Shum Tin Ching Jiayuan

Jiayuan Confirms Plan to Sell Property Management Arm to Jinke Unit, Makes Bond Payment

SingLand CEO Jonathan Eu

UOL’s SingLand to Redevelop Clifford Centre at Raffles Place as Rents Rise

MTD TV Emerging markets logistics

Emerging Markets to Benefit From Supply Chain Diversification, Search for Yield: MTD TV

Sponsored Features

anny zhang jll

Shanghai Life Science Leasing Doubles as Report Shows Future Growth Sponsored Feature

Rosanna Tang Colliers

Office Upgrades Jump After Omicron Slowed Hong Kong Market in Q1 Sponsored Feature

Bernie Devine

Is Your Building a Device? Sponsored Feature

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.