Asia real estate and outbound investment news
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>>
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>>
Asia’s richest man, Wang Jianlin, has committed to investing RMB150 billion ($24.2 billion) into Chongqing to build 28 new Wanda Plaza malls and add a theme park to the fast-developing southwestern Chinese city.
Wang’s primary holding company, Dalian Wanda Group,… Read More>>
Although China’s current real estate slump is driving many investors back to the safe havens offered by China’s biggest metropolitan areas, the best locations for real estate opportunities may be in nine, just slightly smaller cities.
The China60 report issued… Read More>>
Asia’s richest man sold another mainland property asset last week as two companies controlled by Li Ka-shing’s transferred a commercial development in Chongqing to a related real estate investment trust (REIT) for RMB 3.91 billion ($638 million).
According to a statements… Read More>>
While China has for years had competing lists of the country’s biggest billionaires, Xi Jinping’s high profile anti-corruption campaign now seems to promoting a list of the country’s most elegantly corrupt officials.
The record of bureaucrats brought low by a… Read More>>
Goodman added another build-to-suit project to its China portfolio this week when the Australian real estate developer announced a deal for a 76,400 square metre facility in Nanjing, to be called Goodman Nanjing Airport Logistics Centre.
The developer announced the acquisition… Read More>>
China’s real estate downturn continued to put pressure on Shui On Land this week as the troubled developer sold two hotels worth a total of RMB 2.7 billion ($439 million) after posting worse than expected financial results. Luckily, for Shui On… Read More>>
As China’s housing boom fades the country’s real estate investors appear to be shifting to tourism, as “destination” provinces now lead the nation for property investment’s contribution to their economies.
In Hainan, which is the only tropical island province in… Read More>>
Apple plans to open its 12th Apple Store in mainland China early next month, in Jiangu’s province’s Wuxi. This latest expansion of the US device maker’s retail network comes as other luxury brands have slowed the opening of new stores… Read More>>
