Hong Kong’s supply of bad news continues to grow even faster than its empty office space, as a major apparel supplier announced this week that it will shift its operations to Shanghai and Singapore.
Also in today’s… Read More>>
CapitaLand China Retail REIT Sells Wuhan Properties and More Asia Real Estate Headlines
In today’s news roundup, Singapore-listed CapitaLand Retail China Trust makes a deal to sell properties in Wuhan, a female executive is sought on suspicion of a casino heist on South Korea’s Jeju island, and Australia blocks the Chinese buyout of… Read More>>
HK Home Sales Could Drop 80% Amid Virus Scare and More Asia Real Estate Headlines
Hong Kong leads the way in Mingtiandi’s roundup of Asia real estate headlines today with news that the coronavirus is expected to shrink home sales in February by between 50 percent and 80 percent, according to analysts.
In other news… Read More>>
Asia Real Estate People in the News 2019-12-09
In this week’s edition of People in the News, the vice president of China State Construction Engineering Corporation has resigned, while the chief executive of ANREV has stepped down after six years in post.
In other people moves around the… Read More>>
CSCEC Unit Buys Macau Retail Project From Sniper Capital for $102M
China State Construction International (CSCI), a Hong Kong-registered subsidiary of China State Construction Engineering (CSCEC) has teamed up with another mainland investor to acquire a retail project along Macau’s landmark Senado Square for HK$800 million ($102 million). The deal by… Read More>>
Shanghai 2nd-Hand Home Prices Reach Record High and More Greater China Real Estate Headlines
It’s dragon boat day here on the mainland, but there’s still news to report, as second-hand home prices in China’s capital reach record levels, and a plan to build the world’s tallest tower in a Chinese second-tier city run afoul… Read More>>
Beijing Rents Outstrip Salaries by 23% and More China Real Estate Headlines
Average rentals in Beijing now exceed average incomes by 23 percent, while down in Hong Kong, the number of homeowners suffering from negative equity has jumped by 14 times. Meanwhile China’s biggest construction firm is backing plans for a new… Read More>>
China’s Biggest Builder Buys Two More Condo Sites in New Jersey
China’s biggest builder just grew a bit larger in the US this week when Strategic Capital, a subsidiary of China State Construction Engineering Co (CSCEC) bought two residential sites in Jersey City.
Strategic Capital bought the two adjacent plots just… Read More>>
Chinese Developer Buys NYC Site for $300 Mil
New York-based Chinese real estate developer Kuafu Properties took on its second major US project this month when it bought a residential site on Manhattan’s Upper East Side for more than $300 million.
The 20,000 square foot (1858 square metre)… Read More>>
Profits for China’s Biggest Builder Up 34% on Overseas Deals
China’s largest construction conglomerate, China State Construction Engineering (CSCEC), saw its profits rise by 34.4 percent during the first half of 2014, compared to the same period last year. While still a small percentage of its business, the company’s strongest… Read More>>