The race for the hearts and wallets of China’s coffee addicts leads today’s real estate news as venture-backed Luckin Coffee says it will open 2,500 new stores this year. That optimistic worldview may not be shared by China Overseas Land… Read More>>
COLI Wins Plot on HK’s Former Kai Tak Runway for Bargain HK$8B
China Overseas Land & Investment (COLI) picked up Hong Kong’s final residential plot of the year for a bargain HK$8.03 billion ($1.03 billion), as clouds gather over Asia’s most expensive real estate market.
The state-run mainland developer purchased the site on… Read More>>
Beijing Capital-Gemdale JV Buys 2 of 3 Sites at RMB 9.81B Land Sale
Beijing’s city government took in RMB 9.81 billion on the last day of October by selling a trio of land parcels, including two sites in the capital’s coveted Chaoyang district, according to an announcement from the State Information Center.
The three… Read More>>
Vegas Developer Said Interested in Anbang Hotels and More Asia Real Estate Headlines
At the top of today’s real estate a Las Vegas-based developer may be willing to gamble on acquiring a portfolio of hotels recently put on the market by China’s Anbang Insurance, and the earnings season continues with Hong Kong’s Henderson… Read More>>
Hongkong Land Pays $652M to Add Nanjing Residential Project
Hongkong Land, known for being the biggest landlord in Hong Kong’s Central district, on August 10th bought a new residential site in Nanjing’s Jiangbei District for RMB 4.49 billion ($652 million), as the Hong Kong developer continues to take on… Read More>>
36 Developers Line Up for Hong Kong MTR’s HK$36B Wong Chuk Hang Site
A mixed-use plot atop MTR Corporation’s Wong Chuk Hang station said to be worth up to HK$36 billion ($4.6 billion) has generated 36 expressions of interest from developers including Sun Hung Kai Properties, CK Asset and New World Development.
The… Read More>>
Country Garden, COLI Join Bidding for Tsing Yi Site and More Hong Kong Real Estate Headlines
They’re back. Or maybe they never really left, but three of China’s biggest developers reappeared in Hong Kong’s property news late last week as the mainland heavyweights joined the bidding for mixed-use site in Tsing Yi. And the New Territories… Read More>>
Evergrande Notches Record $6.5B Core Profit in 2017, Beating Country Garden and Vanke
While sales results released in January showed that Country Garden had taken over as China’s top-ranked home builder in terms of new contracts, full-year financials released this week show that Evergrande Real Estate was China’s biggest money maker in 2017…. Read More>>
China Overseas Land Paid $1.8B to Pick Up Sites in Four of China’s Hottest Cities in Jan
Top-ten mainland developer China Overseas Land and Investment (COLI) splashed out RMB 11 billion ($1.76 billion) on four parcels in mainland China last month, the developer said in a statement filed to the Hong Kong stock exchange.
The four sites… Read More>>
China Overseas Land Buys Suburban Beijing Site For RMB 5.5B
Top-ten mainland developer China Overseas Land and Investment (COLI) has purchased a 175,114 square metre mixed-use site in northern Beijing for RMB 5.45 billion ($847 million), according to official announcements following the government auction.
The site in Shahezhen town in… Read More>>
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