Asia Pacific real estate investment news and information
The founder of one of Asia’s largest property empires passed away last week leaving behind a $15 billion fortune gathered over nearly 50 years in the region’s real estate industry.
Cheng Yu-tung, who founded New World Development in 1970, and… Read More>>
Real estate is good business in most parts of the world, but nowhere is the property business a better place to build wealth than in Asia, according to a recent survey.
The recently released Forbes Rich List, the annual compendium of… Read More>>
New World Development’s plans to take its China subsidiary private failed this week when shareholders representing less than two-tenths of a percent of the company’s stock foiled the efforts of the company’s billionaire owner.
Although jewellry magnate Cheng Yu Tung’s… Read More>>
Forbes China just released its 2014 Rich List, detailing the fortunes of the 290 richest Chinese tycoons, and found that five out of the top ten fat cats come from the real estate sector, with two more owning development companies.
While Asia’s richest man, Li Ka-shing has been selling out his China real estate assets, Hong Kong’s fifth wealthiest billionaire has decided to double-down on his China bets by taking New World China Land Limited (HKG:0917) private.
The HK$18.6… Read More>>
