BNP Paribas, a $2.4 billion financial giant, has decided that it may not have the cash to maintain an address in Hong Kong’s Central district and is picking up stakes for Quarry Bay.
The company, which is the world’s sixth-largest… Read More>>
Mandarin Oriental Scraps Excelsior Sale as Offers Disappoint and More Asia Real Estate Headlines
China’s clampdown on outbound capital might have cost the Mandarin Oriental Hotels group its chance at a record sale as the hospitality group announced this week that it is pulling its Causeway Bay property off the market after bids failed… Read More>>
Blackstone Predicts Growth to Dip Below 5% and More China Real Estate Headlines 2016-01-05
Markets appear to have calmed down after China’s real estate shares lead a mainland market decline that spooked the world yesterday. Today, however, Blackstone believes China may surprise the world with slower than expected growth and much more. All the… Read More>>
Chinese Billionaire Buys Goldman Sachs London HQ
Hui Wing Mau, the billionaire chairman of Shanghai-based real estate developer Shimao Holdings, has officially become a player in the European market with his purchase of a central London office complex.
Hui, who has already acquired commercial real estate assets… Read More>>
China Real Estate People in the News 2015-02-02
This week Greater China’s community of real estate professionals sees a pair of promotions in the world of property investment, as well as a Hong Kong broker heading home to England. And much more. Read on for details.
Qiuting Pan… Read More>>
Li Ka-shing to Spin Off Property Assets in $24B Restructuring
Hong Kong’s richest man is consolidating his property assets into a single company, as billionaire Li Ka-shing announced on Friday that he is restructuring his biggest holding companies.
In a statement, the investor known in Hong Kong as “Superman” for… Read More>>
China’s Gingko Tree Ready to Acquire Siemens Offices for $630M
First it was London, and then New York. Now China’s real estate investors have moved on to Munich, as an agency managing the country’s foreign reserves is said to be acquiring an office park in the German city for $630… Read More>>
Confident Developers Mean Rising Land Prices in China
While many analysts are predicting tougher times for China’s real estate industry in 2014, at least by one gauge the country’s property developers still believe that there is money to be made.
According to a report in today’s Wall Street… Read More>>
China’s Home Price Growth To Slow To 5% Says Bank of America
China’s real estate developers benefitted from a number of factors that made 2013 a banner year for housing sales, and helped drive double-digit growth in housing prices in most of the country’s major cities.
However, most analysts are now predicting more subdued conditions for 2014, including Bank of America, which recently published its prediction for the new year.
Will China’s Real Estate Firms Drive Up Interest Rates?
China’s cash-strapped real estate developers could move borrowing costs internationally as the consolidating industry struggles with tighter domestic credit markets, and rapidly rising land prices.
According to Moody’s Investors Services, China’s real estate firms sold $17.88 billion of the notes… Read More>>