China Overseas Land & Investment, the property arm of China State Construction Engineering Corporation, was dealt a blow when CEO Hao Jianmin abruptly resigned earlier this week. The state-owned firm appointed longtime CSCEC employee Xiao Xiao as its new CEO… Read More>>
China Overseas Land Sees Profits Double And More Asia Real Estate Headlines
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>>
Singapore Home Prices Drop by Most in Over 7 Years and More Asia Real Estate Headlines
Investors betting that the Singapore housing market had hit bottom got a rude surprise in today’s headlines, as home prices dropped by 1.5 percent in September from August. Also in the news, mainland authorities have singled out Evergrande and China… Read More>>
Asia Real Estate People in the News 2016-09-26
Summer is officially over but the season is not the only thing changing. A number of China’s real estate professionals have marked the beginning of autumn by taking on new roles. CBRE continues building its Greater China team, Henderson Land… Read More>>
Shanghai Housing Measures Trigger Divorce Boom and More China Real Estate Headlines
Shanghai officials may have set out to cool down its housing but a set of stiffer downpayment rules for families buying second homes seems to instead being breaking up some marriages in the real estate-mad city. Meanwhile, Australia’s Goodman Group… Read More>>
CITIC Exits Mainland Homebuilding Business in $4.8B Deal With China Overseas Land
CITIC Group, one of China’s largest state-owned investment conglomerates has effectively sold off its mainland residential development business to China Overseas Land & Investment Ltd in a transaction valued at RMB 31 billion ($4.8 billion).
Under the terms of an… Read More>>
China Overseas Land to Buy London’s Helicon Building for $200M
China Overseas Land and Investment (COLI) is set to become the second Chinese real estate developer to purchase an office tower in London within the last month according to a report published on Friday.
One of China’s top five developers… Read More>>
China Overseas Holdings Buys Sydney Site for $56M
One of China’s 10 largest developers became the latest mainland homebuilder to enter the Sydney market this week when China Overseas Holdings Ltd (COHL) bought a site in the city’s north side for A$80 million ($56 million).
The acquisition by… Read More>>
Shanghai Home Sales Jump 20 Percent and more China Real Estate Headlines 2015-10-27
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Sales of Shanghai Homes Jumped 20 Percent Last Week
Sales of new homes in Shanghai surged 20 percent by area last… Read More>>
Shenzhen Says Some Project Freezes Are Routine
Authorities in Shenzhen finally shed some clarity late yesterday on the government freezes of property sales that have shaken the country’s real estate firms, saying that at least some of the regulatory moves were routine.
According to a statement on… Read More>>
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