Today’s news features China Overseas Land reporting a 110 percent rise in third quarter operating profit thanks in part to China’s hot housing market. Additionally, Singapore recorded an 8.8 percent increase in home sales while mainland homebuyers looking to avoid… Read More>>
K Wah Boss Baffled By HK Market After Losing 16 Land Bids and More Asia Real Estate Headlines
In today’s real estate headlines even one of Hong Kong’s most established property tycoons is feeling the pressure as the city’s land prices soar at the same time that home prices slide. Meanwhile, the city’s biggest developer denies reports it… Read More>>
Mainland Developers Gorge on “Cheap” HK Sites and More Asia Real Estate Headlines
With land and asset costs rising in China, more mainland developers are moving into Hong Kong, seeing bargains in one of the world’s most expensive real estate markets, according to headlines in the regional media today. Also, one of the… Read More>>
Fosun NYC Project Blocked by Local Regulators and More Asia Real Estate Headlines
A joint venture real estate project in Manhattan led by China’s Fosun and local builder JD Carlisle has been stopped after unsuccessfully attempting to exploit a zoning loophole. Meanwhile, back on the mainland, both Greenland Group and Greentown Holdings continue… Read More>>
China New Home Price Growth Slows to 1.3% in June and More Asia Real Estate Headlines
China’s 2016 housing boom continued to taper off in June as growth in average home prices slowed again following purchase restrictions in the largest cities. Also, one of the mainland’s biggest developers signs up to invest $5 billion in India,… Read More>>
PGIM Real Estate Closes on $642M APAC Fund and More Greater China Real Estate Headlines
A US real estate investment firm has reached a final close of $645 million on a fund covering Australia, China, Japan, Malaysia, Singapore, Hong Kong and South Korea. Meanwhile in Singapore, a Chinese developer is betting $218 million on a… 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>>
PE Veteran Grant Kelley Takes Over at Singapore Developer
City Developments Ltd, the Singapore-listed developer which owns the Millennium & Copthorne hotel chain, moved to internationalise its operations on Friday with the appointment of Apollo Global Management real estate head Grant Kelley as its new chief executive.
Kelley has… Read More>>
China Real Estate People in the News 2014-01-20
Each week on Mingtiandi we track who among China’s commercial real estate community has left their role, been promoted, or decided to tell their boss that they are headed off early for Chinese New Year and run out the door,… Read More>>
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