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>>
Singapore’s GIC Invests in Korean Logistics and More Asia Real Estate Headlines
Singapore’s sovereign wealth fund is investing in Korean warehouses, Yanlord Land partners with Ping An for a RMB 4 billion project in Suzhou and a transplanted Chinese developer takes aim at another central Sydney site. Read on for all these… Read More>>
New HK Project Priced 10% Below 2nd-Hand Market and More Greater China Real Estate Headlines
Competition is rapidly bringing down Hong Kong’s housing prices as Wheelock is now offering discounts of nearly 20 percent on its new project. Meanwhile on the mainland, the housing recovery may be bailing out the broader economy, and a Chinese… Read More>>
27-Year-Old Shanghai Heir Buys Angelina Jolie’s Sydney Hang-out for $37.5M
While China was once known for exporting manufactured goods around, the country previously specialising as the world’s factory floor now seems to be capturing more attention for the sending its billionaires and their kin out of the country.
New proof… Read More>>
Chinese Developer Plans $100M LA Condo Tower, Buys 2 Sydney Sites – on Same Day
Shanghai Shenglong Investment Group announced plans for a 37-storey condominium development in downtown Los Angeles last Thursday, the same day that it announced the $141 million purchase of two adjacent sites in Sydney, Australia.
In California, Shenglong subsidiary City Century… Read More>>