Vnet, a mainland data centre operator backed by Blackstone has received its third buyout offer this year, with that proposal leading the region’s real estate news today. Also in the headlines, data from August shows home sales and prices continuing… Read More>>
Sky City Builder Broad Homes Launches HK$1.2B IPO in Hong Kong
Prefabricated construction firm Changsha Broad Homes Industrial Group kicked off an initial public offering in Hong Kong today that could value the company at HK$6.6 billion ($840 million).
The Changsha-based company, which was founded a decade ago by heating and… Read More>>
CapitaLand Sells 3 China Shopping Malls to REIT for $430M
CapitaLand has entered into an agreement to offload three mainland community malls to CapitaLand Retail China Trust (CRCT) for RMB 2.96 billion ($430 million), according to an announcement to the Singapore stock exchange.
This is the second divestment of China… Read More>>
InfraRed NF, SG’s Metro Holdings Pour $92M Into Fullsun Int’l Mainland Projects
Private equity real estate investment firm InfraRed NF and a subsidiary of Singapore-listed Metro Holdings closed a $92.2 million mezzanine financing deal with Hong Kong-listed developer Fullsun International, a subsidiary of Fuzhou-based developer Fullsun Group.
The structured-debt deal by the… Read More>>
Home Price Increases Spread to 54 of China’s Top 70 Cities in Feb as More Markets Locked Down
China’s home prices in February grew at a flat pace, jumping 12.4 percent from a year ago but just 0.4 on the previous month according to the National Bureau of Statistics; despite these new figures, 18 cities throughout China have now… Read More>>
Wanda Announces 2nd $15B Plan in 1 Week as Xi’an Theme Park to Follow Changsha
Ever wanted to know how many bumper cars, rigged midway games, oversized spinning tea cups and people dressed up as cartoon animals could be bought with $47 billion? Well, Dalian Wanda chairman Wang Jianlin will soon have the answer after… Read More>>
Home Prices In China Still Rising But Harvard Brushes Off Bubble Fears
The China Index Academy finally released their monthly data on the country’s housing market and while home prices didn’t rise at the eye-melting pace of previous months, the average price of homes in China continued to climb — rising 1.65… Read More>>
Changsha’s Broad Group Builds 57-Storey Tower in Just 19 Days
When the world last heard of Hunan-based Broad Group, the construction firm was still struggling to win approval to turn a watermelon patch into a 220-storey vertical city.
Now the air conditioning maker turned-modular building group has bounced back… Read More>>
World’s Tallest Building Still a Changsha Watermelon Patch
While plans for a pair of one kilometre tall towers in Wuhan have been in the news recently, an 838 metre tall Chinese project announced last year and planned for completion by April 2014, appears to currently be serving as… Read More>>
Wahaha Goes Boohoohoo in Hangzhou Mall Default
Leasing out retail space is as easy as selling colored sugar water to babies, or at least it looked that way to China beverage magnate Zong Qinghou when he opened his first Waow Plaza mall in Hangzhou in 2012.
Now… Read More>>