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>>
32% Growth Helps Country Garden Lead China’s Top 10 Developers for 2018
Country Garden Holdings was China’s top developer in 2018, as measured by sales contracts, maintaining its hold on the top spot for the second consecutive year in a year marked by consolidation among mainland developers.
The Guangdong-based builder chaired by… Read More>>
China Resources Land to Issue $3.9B in Bonds as Mainland Developers Cash Up
China Resources Land Limited announced in a stock exchange statement on January 31st that it would issue $3.9 billion in offshore bonds, following in the footsteps of 14 other Chinese developers that issued a total of $8.6 billion worth of… Read More>>
China Resources Land and Friends Outbid SHK, Swire to Win RMB 5.8B Shanghai Site
A consortium led by state-backed China Resources Land outbid Hong Kong’s Sun Hung Kai Properties and a joint venture between Swire Properties and Ping An Real Estate to win a commercial site in Shanghai’s Jing’an district for a record RMB… Read More>>
Asia Real Estate People in the News 2018-12-10
The game of musical chairs continued at mainland developers over the week, with China Fortune Land pilfering yet another executive from rival China Resources Land. Wu Xiangdong joined Yu Jian in leaving China Resources Land for China Fortune Land Development,… Read More>>
China Resources Land Names Tang Yong as New CEO, Reshuffles Board
China’s 11th largest real estate developer in terms of sales, China Resources Land announced a reshuffle of its executive suite Tuesday evening with the appointment of Tang Yong（唐勇）as chief executive officer of the Hong Kong-listed company, Li Xin as the… Read More>>
China Life Teams With China Resources Land for RMB 15B Shanghai Fund
Chinese government-backed China Resources Land announced to the Hong Kong Exchange on Friday that it has teamed up with Shanghai Land and China Life Insurance to launch an RMB 15 billion ($2.7 billion) real estate investment fund. The information was… Read More>>
China Airbnb Competitor Raising $200M From GIC and More Asia Real Estate Headlines
Online, offline and new skyscrapers all get some ink in today’s real estate news as a mainland home -sharing platform aims to raise $200 million from GIC, a Foster+Partners project breaks ground in Shanghai and KPMG predicts big things for… Read More>>
Dalian Wanda Gets $800M Offshore Club Loan and More Asia Real Estate Headlines
Wang Jianlin’s Dalian Wanda maybe have finally found its way out of China’s regulatory dog house as the mainland commercial developer is said to have been allowed to secure a $800 million offshore loan. While Wanda may be on the… Read More>>
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