Pan Sutong, chairman of Hong Kong’s Goldin Group, and the city’s 16th richest man, has sold a commercial site in the Kowloon Bay area for an estimated HK$5 billion ($640 million), according to an account in the Hong Kong press.
Singapore’s Rockworth Capital Buys 18% Stake in Aussie Investment Group
Rockworth Capital Partners announced today that it has acquired an 18 percent interest in ASX-listed Elanor Investors Group, as the Singapore-based private equity firm ramps up its presence in Australia.
The transaction, which involves purchases of both existing and new… Read More>>
CR Land, Sunac Spend Combined RMB 5B on Jiangsu Sites and More China Project News
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>>
Mainland Builders Raise RMB 102B in New Cash and More China Real Estate Finance News
In early April, some of mainland China’s largest real estate developers continue to issue new dollar bonds as a spring sales recovery boosts demand for cash. Both Evergrande and Sunac made the headlines with their sales of $2 billion and… Read More>>
Chinachem Sues Kr Space for HK$500M After HK Co-Working Lease Collapse
Hong Kong-listed Chinachem is suing Kr Space for HK$500 million ($63.8 million) accusing the mainland co-working space provider of breaking a five-year lease contract, according to a writ filed by the property developer with Hong Kong’s High Court.
Kr Space,… Read More>>
Philippine Co-Working Startup Wins Backing From CIMB-Mitsubishi Fund
Filipino co-working operator KMC has won fresh financial backing from a Malaysian-Japanese investment fund, according to an announcement today by the Manila-based firm.
KMC, a unit of the company which operates property agency KMC Savills, said that it will use… Read More>>
Sequoia-Backed Hmlet Co-Living to Roll Out 150 Room Singapore Location
Singapore-based co-living startup Hmlet has secured its biggest location to date, according to a statement today by the company, taking on a former school in the city’s Tanjong Pagar area.
The Sequoia-backed provider of boarding houses for millennials has teamed… Read More>>
HNA Sells Mansion at Hong Kong’s Peak at 22% Loss After One Year
HNA Group is said to have sold a site with two historical homes in Hong Kong’s prestigious Victoria Peak area for HK$550 million ($70 million), suffering a more than 22 percent loss on the property just over one year after… Read More>>
NDRC Rules Out Hukou Restrictions in Small Cities and More China Policy News
Editor’s note: This article provides a round up of recent regulatory moves in mainland China, along with insights into the impact that these new measures may be having on the market. This new element of Mingtiandi now appears on the… Read More>>
Singapore’s OUE Proposes S$6.8B Merger of Commercial, Hotel REITs
A pair of Singapore-listed property trusts affiliated with Indonesia’s Riady family may soon be merged, according to a deal proposed today by the managers of OUE Commercial REIT and OUE Hospitality Trust.
Under the proposal, unit holders in OUE Hospitality… Read More>>
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