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>>
Country Garden Tops Evergrande to Take China’s 2017 Real Estate Sales Crown
Guangdong-based Country Garden achieved contracted sales of RMB 580.8 billion ($89.3 billion) in 2017 to oust billionaire Xu Jiayin’s Evergrande Real Estate from its position as China’s biggest selling developer and seize the title as mainland sales king, figures from… Read More>>
Wanda Beats Out Disney for Gansu Theme Park Deal and More Asia Real Estate Headlines
Wanda returns to its quest for theme park hegemony today by boldly going where Mickey and Minnie would fear to tread. Plus, a major state-run developer announces plans to ramp up Hong Kong projects just days after China’s top authorities… Read More>>
COLI-Sino Land-K Wah JV Wins HK Condo Site with $1.1B Bid and More Asia Real Estate Headlines
Topping today’s headlines is the latest record land sale in Hong Kong, as a mainland-HK joint venture takes home a New Territories residential site for HK$8.33 billion. Also in the headlines, both WeWork and Savills are expanding in India, and… Read More>>
Yan Jianguo Named Chairman in COLI’s Latest Leadership Change
China Overseas Land and Investment (COLI) yesterday announced the third major change in its senior leadership over the past six months, replacing chairman Xiao Xiao with Yan Jianguo, according to a statement to the Hong Kong stock exchange by the… Read More>>
Asia Real Estate People in the News 2017-04-24
Leading off the region’s list of familiar faces in new places this week, one of the mainland’s biggest buyers of real estate has started acquiring talent as well, as a senior banking veteran gets a new ticket with HNA. Also… Read More>>
Li Ka-shing Wraps Up Biggest Overseas Deal Ever and More Asia Real Estate Headlines
At the top of the news today, One of Hong Kong’s biggest property developers has won out in his attempt to buy an Aussie power company, a top 10 mainland homebuilder broke $1 billion in operating profit by the end… Read More>>
Li Ka-shing Predicts 2 More Years of HK Home Price Hikes and More Asia Real Estate Headlines
Hong Kong’s richest man can’t take it with him, but he can still shed tears of joy over the cash he’s making from the city’s booming real estate market, while Vincent Lo convinces an SCMP reporter that Shui On is… Read More>>
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