After withdrawing its $14 billion bid for Starwood Hotels & Resorts on April Fools’ Day, China’s Anbang Insurance Group has apparently moved on to acquire a hotel group in Canada, as what appears to be an affiliate of the mainland… Read More>>
Wang Jianlin Predicts 20 Years of Failure for Disney in Competition With Wanda Parks
China’s richest man, Wang Jianlin, is predicting tough times ahead for Shanghai Disney Resort, the $5.5 billion entertainment project due to open next month in the city’s Pudong district.
Speaking in an interview on CCTV over the weekend, Wang, who… Read More>>
Greenland Sydney Project Loses Builder, Chinese Developer Promises to Keep Schedule
Shanghai’s Greenland Group has parted ways with the builder hired to construct the A$700 million ($501 million) Greenland Centre Sydney with work on the 235-metre tower scheduled to start this month.
The state-run Chinese developer and Brookfield Multiplex this week… Read More>>
Evergrande Picks Up Shenzhen Site for RMB 2 Bil
Continuing its recent buying spree, Evergrande Real Estate Group has made yet another major purchase, snatching a key Shenzen land parcel in an all-cash deal valued at over RMB 2 billion ($306 million).
Evergrande, China’s largest developer by assets, has… Read More>>
Average Home Prices Rose in 65 Out of 70 Chinese Cities in April
China’s housing recovery continued to spread in April, as 65 out of 70 cities included in an official survey reporting higher average home prices compared to March.
Despite new home purchase restrictions that went into effect at the end of… Read More>>
Vanke Invests in $200 Mil Seattle Apartment Tower
China Vanke, the mainland’s largest residential developer, has agreed to invest in a project to develop a apartment complex near Seattle, Washington’s famed Space Needle.
The $200 million joint venture deal with California-based Laconia Development marks Vanke’s first foray into… Read More>>
LaSalle IM Appoints Elysia Tse as Head of Research and Strategy for APAC
LaSalle Investment Management has appointed Elysia Tse as its Head of Research and Strategy for Asia Pacific, based in Singapore.
In her new role, Tse will be working closely with LaSalle’s Global Strategy team, led by Jacques Gordon. The team… Read More>>
54% Jump in Suzhou Home Prices Triggers Govt Clampdown
In a sign of real estate policy tightening outside of China’s first-tier cities, Suzhou’s city government has responded to rocketing prices in its land and property markets by calling off land auctions and preparing a series of sales restrictions to… Read More>>
Beijing Storefronts Now Selling the American Dream and Golf
For many rich residents in the neighbourhood of Shuangjing near Beijing’s central business district, South Carolina is not far away.
Decorated with transparent glass and maroon-coloured signs, USA City Exhibition, situated on a bustling, narrow street corner flanked by high-end… Read More>>
Pamfleet Sells Kowloon East Office Project for HK$560 Mil
Regional real estate investment house Pamfleet has sold The Mark, an office development in Hong Kong’s Kowloon East area to a local listed company for HK$560 million ($72 million), according to an announcement filed on Friday with the Hong Kong… Read More>>
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