Cash-strapped mainland developer Sino-Ocean has agreed to sell its entire 64.79 percent stake in a commercial project in Beijing’s Chaoyang district to joint venture partner Swire Properties and a vehicle of China Life Insurance for RMB 4 billion ($552 million),… Read More>>
Swire to Transform Beijing Hotel into Mall as China Retail Business Soars
Nearly 16 years after opening Opposite House in Beijing as its first hotel project, Swire Properties plans to replace Opposite House in Beijing with an “innovative retail landmark”, as the Hong Kong-based developer continues to reap strong profits from its… Read More>>
CapitaLand Investment Sells $340M Beijing Office Project to AIA After 2022 Auction Buy
Singapore’s CapitaLand Investment (CLI) has sold its majority shareholding in a RMB 2.4 billion ($340 million) Beijing office building to AIA Life Insurance as the life insurer continues to snatch up properties amid mainland China’s real estate downturn.
CLI divested… Read More>>
CapitaLand China Trust Selling Beijing Mall to Inner Mongolian Investor for $120M
CapitaLand China Trust (CLCT) is selling an underperforming Beijing shopping mall to an investor from Inner Mongolia for RMB 849.2 million ($120 million) in the latest example of domestic capital buying up discounted assets as China’s real estate market slows.
China Taiping Buying Beijing Retirement Home From Century Golden Resources for $290M
China Taiping Insurance has agreed to acquire a Beijing retirement home project from developer Century Golden Resources for RMB 2.09 billion ($290 million), chalking up a rare big-ticket deal in the mainland’s senior living sector.
The project in Shunyi district’s… Read More>>
China Property Credit PIcked as Biggest Global Risk and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a survey reveals investor fears that China’s property woes could trigger a systemic credit event, and South Korea’s flag carrier plans to sell Hawaii hotel assets. Also making the cut are a fund… Read More>>
Sino-Ocean Group Selling Beijing Mall to Mainland Retailer for $50M
Sino-Ocean Group has agreed to sell a Beijing shopping centre and the property’s parking area for a total of RMB 359.2 million ($50.6 million), as the state-backed Chinese developer continues a string of asset disposals in the wake of last… Read More>>
Singapore’s Shenton House Fails to Receive a Bid and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, the en bloc tender of central Singapore’s Shenton House closes without a bid, while two more residential sites in the city-state’s Lentor area are released for sale by the government.
Shenton House Sale… Read More>>
Warburg Pincus-Backed StorHub Buys Beijing Property from Leroy Merlin
Singapore’s StorHub has acquired a building which formerly housed retailer Leroy Merlin’s Beijing flagship store as the Warburg Pincus-backed self-storage operator continues to expand its presence in mainland China.
The deal will add a third Beijing location and the 17th… Read More>>
Modern Land Chairman Resigns, Becoming Latest Chinese Boss to Step Back
A Beijing developer’s founding chairman has resigned from all duties with the company according to an announcement Wednesday by the Hong Kong-listed developer in the latest example of a troubled entrepreneur stepping back from corporate leadership in China,
Zhang Lei… Read More>>
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