Asia real estate and outbound investment news
With its erstwhile owner ensconced in at Manhattan penthouse hurling insults at China’s ruling communist party, a Beijing office tower was sold for RMB 5.2 billion ($730 million) this week on a bad asset website operated by Alibaba’s Taobao.
Yu… Read More>>
Beijing-based China Fortune Land Development (CFLD) announced that it has agreed to sell a Beijing commercial project to Ping An Insurance for a consideration of RMB 5.829 billion ($830 million) as the developer shifts toward an asset light approach in… Read More>>
A Beijing court has announced plans to auction off an office tower formerly owned by fugitive Chinese billionaire Guo Wengui on a bad asset website operated by Taobao according to a listing on the site belonging to Alibaba Group.
Pangu… Read More>>
Financially-troubled HNA Group has sold the remaining 75.10 percent stake of a Beijing commercial complex to a subsidiary of China Vanke for a total consideration of RMB 1.304 billion ($190 million), according to a filing to the Shanghai Stock Exchange.
State-owned insurance giant China Life officially opened the China Life Financial Center in Beijing this week, the first of 15 “superblock” towers to be built as the latest phase of the capital’s CBD development masterplan.
“The China Life Financial Center… Read More>>
One of the world’s oldest toy companies, FAO Schwarz, has opened its first store in China, bringing the Manhattan icon to a country better known for being a toy exporter.
Kidsland International Holdings Limited, which has a market capitalisation of… Read More>>
Henderson Land Development has purchased a residential plot in Beijing for RMB 3.02 billion ($440 million), according to an announcement by the Beijing Municipal Bureau of Land and Resources.
The developer shouldered aside nine other competitors, including mainland developers Country… Read More>>
HNA’s turbulent financial trajectory leads the headlines from around Asia today with the news that the auditor at the company’s Hongkong Airlines affiliate has jumped ship, hopefully not taking the last parachute, while there could be stormy weather ahead for… Read More>>
Colliers International has brought in former Cushman and Wakefield and CBRE executive Charles Yan to head up its North China business, according to an announcement by the NASDAQ-listed property services company.
Yan’s appointment follows February’s departure of the company’s previous… Read More>>
Editor’s note: This article provides a round up of recent regulatory moves in mainland China, along with insights into the impact that these new measures may be having on the market. This new element of Mingtiandi now appears on the… Read More>>
