At the top of today’s news, facilitators of Malaysia’s multi-billion dollar 1MDB graft bonanza continue to rethink their risk assessments with a former Goldman Sachs partner now trying to strike a deal with US prosecutors on charges of criminal activity…. Read More>>
China Orient Predicts Surge in Bad Real Estate Loans and More Asia Real Estate Headlines
China’s turbulent financial markets lead today’s real estate news from around the region as one of the mainland’s four major “bad asset banks” predicts trouble for overstretched developers. Despite the turmoil further north, investors in Singapore are still showing enthusiasm… Read More>>
NE China Property Booms as North Korea Thaws and More Asia Real Estate Headlines
At the top of Asia’s property news today, the diplomatic outcome of the recent US-North Korean summit in Singapore has yet to be measured, but political event is already paying big dividends for Chinese property owners near the North Korean… Read More>>
CDL Beats Out Mainland Rivals to Win S$370M SG Site and More Asia Real Estate Headlines
Leading today’s news, most of the bidders for a site on Singapore’s upper east coast were from China, but a locally built champion won the rights to build 715 apartments to the island nation. Meanwhile, down in Sydney, Shanghainese developer… Read More>>
China’s Aqualand Takes Aim at $128 Mil Office Tower for Latest Sydney Deal
Continuing on its North Sydney spending spree, Chinese-backed developer Aqualand is said to have entered into a conditional agreement to buy the 19-storey Fujitsu Centre from local developer Denwol Group for around A$168 million ($128 million), pending the government-owned RailCorp’s… Read More>>
Anbang Denies $400 Mil Kushner Deal and More Asia Real Estate Headlines
Anbang boss Wu Xiaohui just can’t keep himself out of the headlines, but at least today he appears to be trying. The controversial finance wizard’s mainland insurer dominates today’s news as it denies a $400 million deal reported yesterday. Also… Read More>>
Aqualand Buys Sydney Office Tower for $53 Million
Transplanted mainland developer Aqualand has purchased a 16-storey office tower in North Sydney for a reported A$70 million ($53 million), according to a story in The Australian. The acquisition and Aqualand’s apparent intent to hold the property as a revenue… Read More>>
China’s Aqualand Buys 9th Sydney Site for $105M
Transplanted Chinese developer Aqualand picked up its ninth project in Sydney, and its second this month, with the purchase last week of an office building in the city’s Milsons Point area from Australian real estate investment company Barana Group… Read More>>
China’s Aqualand Said to Win Bid for Sydney’s $1.5B Central Barangaroo Project
Residential developer Aqualand, the Australian subsidiary of Shanghai-based property group, Shenglong with Australian builder Grocon and shopping centre giant Scentre could soon win a bid to develop a A$2 billion (US$1.5 billion) mixed-use project in the centre of Sydney, according to… Read More>>
Transplanted Chinese Developer Aqualand Buys Sydney Site for $41M
Rapidly expanding property developer Aqualand, backed by its mainland China-based parent Shanghai Shenglong Investment, has acquired a 13,215 sqm office and warehouse facility in Sydney’s Macquarie Business Park in the north of the city for A$54 million (US$41 million), as the… Read More>>