SC Capital Partners has sold an office tower in Sydney’s central business district for A$270 million ($182 million), flipping the property at a mark-up of almost 71 percent just over two and a half years after acquiring the asset.
The… Read More>>
Hong Kong Property Agencies Cut Staff as Deals Plunge and More Asia Real Estate Headlines
Staff cuts lead the way in Mingtiandi’s roundup of Asia real estate headlines today as Hong Kong property agencies clear out dead wood as deals plunge amid a market slump.
In other news around the region, Softbank says WeWork Japan… Read More>>
Country Garden Sales Drop 6% – Still Lead China’s Top 10 Builders
Country Garden has retained its crown as China’s top developer, measured by contracted sales, despite being one of only two of the nation’s top ten builders to see their performance drop during the first half of the year.
The Guangdong-based… Read More>>
Poly Puts 49% Stake in Sydney Harbour Project on Market Amid Aussie Housing Skid
Poly Global announced on Sunday that it will make available for purchase a 49 percent stake in its A$300 million ($215 million) Poly Centre development in central Sydney, as the Australian real estate arm of state-owned defense conglomerate China Poly… Read More>>
China’s Poly Group to Begin Building A$300M Sydney Tower
Chinese conglomerate and property heavyweight China Poly Group Corporation has hired Australia-listed construction company Watpac to begin construction of its A$300 million office tower in central Sydney, according to the Australian local media.
Located on 210-220 George St along the… Read More>>
Poly Property Wins Kowloon Residential Project for HK$3.3B
The Hong Kong Lands Department on Wednesday announced that a subsidiary of China Poly Property, has won a tender for a 3,689-square-metre (39,708 square feet) residential site in Yau Tong, in the southeastern end of Kowloon.
Poly Property, China’s fourth… Read More>>
HNA Said Selling $46M Wuhan Logistics Park to Hopu, Haikou Supertall to Poly
China’s embattled HNA Group is continuing its series of asset disposals with its sale of an 80 percent stake in an uncompleted Wuhan logistics project to an affiliate of superinvestor Fang Fenglei’s Hopu Capital for RMB 312 million ($45.8 million),… Read More>>
HNA Made 90% Gain on Latest Hilton Stake Sale and More Asia Real Estate Headlines
HNA may be struggling to stay afloat, but China’s late debt drunkard can at least feel good that some of its investments have paid off, according to our lead story today. Plus the conglomerate apparently still has some credit on… Read More>>
China Poly Picks $103M London Project for First UK Housing Deal
Guangzhou-based Poly Real Estate Group has won its first residential project in the UK, purchasing a site in the north London suburb of Mill Hill where it plans to build 706 homes.
Poly UK, the local subsidiary of the state-owned… 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>>