Wanda Group has announced that it is opening 17 new Wanda Plaza shopping centres in the last five weeks of this year, accounting for 34.7 percent of the company’s total new mall openings for 2018.
The surge of new debuts… Read More>>
CapitaLand Grabs $864M Chongqing Site – Adds 2,100 Homes to China Pipeline
Singaporean developer CapitaLand is ramping up its presence in the western Chinese municipality of Chongqing, buying a RMB 5.7 billion ($864 million) mixed-use site that will be turned into a retail, office and residential property yielding over 2,100 homes.
The… Read More>>
CapitaLand Builds World’s Highest Sky Bridge for $3.8B Raffles City Chongqing
Singapore’s CapitaLand now holds a world record for the curved, 300 metre sky bridge atop its RMB 24 billion ($3.8 billion) multi-tower mega-project in the western Chinese city of Chongqing.
Designed by Boston-based architect Moshe Safdie, the eight-skyscraper Raffles City… Read More>>
Li Ka-shing Said Putting Chongqing Project on the Block for $3B
Hong Kong tycoon Li Ka-shing is reported to be seeking buyers for a sprawling, partly completed residential and commercial project in the western Chinese city of Chongqing, with an asking price of RMB 20 billion ($3 billion), according to an… Read More>>
Evergrande Buys Jumbo Chongqing Project for $498M
Mainland homebuilder China Evergrande Group is doubling down on western China by buying a 320,000 square metre office, retail, and residential project in Chongqing as part of a RMB 3.29 billion ($498 million) deal. The transaction comes just over two… Read More>>
CBRE Appoints Andrew Deng as Head of Western China
Los Angeles-based real estate agency CBRE has bolstered its mainland leadership team this week, with Andrew Deng taking the reins as Managing Director for Western China. Based in Chengdu, Deng will oversee the company’s platform and business lines in the… Read More>>
Shui On Selling Chongqing Tiandi to China Vanke for RMB 4.1B
Shui On Land which developed one of China’s landmark real estate projects in Shanghai nearly two decades ago, has agreed to sell off a set of projects in Chongqing to China Vanke for RMB 4.1 billion ($598 million), according to… Read More>>
What Glut? CPPIB Invests $147M in Longfor Chongqing Mall
Stories of China’s glut of shopping malls rank only slightly behind headlines about its housing bubble for mainland property horror stories, but CPPIB seems to believe there might still be a happy ending for investments in China’s retail real estate… Read More>>
Evergrande Paying $617M to Acquire Chongqing Insurance JV
China’s most indebted developer, Evergrande Real Estate Group, has branched out into insurance by acquiring a 50 percent stake in a loss-making Chongqing-based life insurer for RMB 3.9 billion ($617 million).
Evergrande, a top-five homebuilder on the mainland, disclosed to… Read More>>
Moody’s Dings Evergrande for $839M in Chengdu Acquisitions
One of China’s most aggressive real estate developers took a HK$6.5 billion ($839 million) bet on the Chengdu market last week, and promptly saw its decision criticised by credit agency Moody’s Investors Services.
Evergrande Real Estate, which is run by… Read More>>
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