Shanghai authorities have detained executives at China Resources Land and China Overseas Land & Investment (COLI), after a government auction for a prime slice of residential land in Hongkou district aroused suspicion when all bids came in at the publicly… Read More>>
SG Hotel Revenues Plunge 40% in February and More Asia Real Estate Headlines
Empty rooms lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Singapore’s average hotel occupancy fell to 51 percent in February, triggering a 40 percent plunge in revenues.
In other news around the… Read More>>
Wanda Led China’s Top 10 Commercial Developers Again in 2019
Wang Jianlin’s Dalian Wanda Group may have been forced to unwind its overseas ambitions, but the billionaire’s property business in mainland China shows no signs of flagging after it hauled in operating income more than double that of its closest… Read More>>
Asia Real Estate People in the News 2019-12-23
In this week’s edition of People in the News, China developer China Resources Land loses a vice president to Sichuan Languang Development, while Softbank-backed hospitality startup Oyo has brought on board a former McKinsey & Co partner as its COO… Read More>>
China Resources Land Appoints Wang Xiangming as Chairman
China’s ninth largest developer by sales introduced a new chairman this week, as Hong Kong-listed China Resources Land welcomed its second helmsman of 2019.
Wang Xiangming took over as chairman of the real estate development unit of state-owned China Resources… Read More>>
Shun Tak JV Paying RMB 4.7B to Buy 50% of Mega-Project on Shanghai’s Suzhou Creek
Shun Tak Holdings, the Hong Kong-based holding company of casino billionaire Stanley Ho is taking a gamble on a long-stalled Shanghai project, after leading a joint venture which acquired a half-stake in a site along Suzhou Creek, just a quick… Read More>>
HNA Group Gets Help to Repay Dollar Bond and More Asia Real Estate Headlines
A backfiring conglomerate leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the debt-laden company that had golf courses seized four months ago is said to have received help to repay a $300… Read More>>
China Resources Land, Poly Developments Win Kai Tak Site for HK$12.9B
Hong Kong’s Lands Department announced on Wednesday that a joint venture between China Resources Land and Poly Developments won a tender for the second-biggest parcel of land on the runway of Hong Kong’s former Kai Tak airport for HK$12.9 billion… Read More>>
CR Land, Sunac Spend Combined RMB 5B on Jiangsu Sites and More China Project News
Eastern China’s Yangtze River Delta has taken a starring role in April land purchases by mainland developers, with China Resources Land, Sunac, Greentown and Country Garden all purchasing projects the economic corridor this month. Looking back to March, new research… Read More>>
WeWork Annual Loss Doubles to $2B and More Asia Real Estate Headlines
New data is now available on the arc of the global shared office phenomena and WeWork’s announcement this week that its annual loss doubled to $2 billion in 2018 has analysts wondering if the co-working craze has already passed its… Read More>>
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