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>>
Sino-Ocean Selling Remaining Stake in Beijing Office Tower to China Life for $32M
Embattled Chinese builder Sino-Ocean Group Holding has received a bailout from its largest shareholder China Life Insurance (Group) Company.
Sino-Ocean Group will sell its entire 10 percent stake in the China Life Financial Centre office tower in Beijing to two… Read More>>
CapitaLand Buys Beijing Office Tower at Court Auction for $282M
CapitaLand Investment (CLI) sees China’s property downturn as an opportunity to expand its mainland holdings with the company acquiring an office building near Beijing’s embassy area this week through a court-arranged auction.
With the Chinese capital in the depths of… Read More>>
R&F Selling Wanda Realm Beijing Hotel at a Loss
Guangzhou R&F Properties has renewed its efforts to sell off assets and pay down its liabilities as the mainland developer last week agreed to sell its Wanda Realm Beijing hotel to a unit of Beijing Pengrui Real Estate for RMB… Read More>>
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