Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp down on sales of pricey housing in an effort to keep residential real estate prices steady.
The city saw some 13,550… Read More>>
Asia real estate and outbound investment news
Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp down on sales of pricey housing in an effort to keep residential real estate prices steady.
The city saw some 13,550… Read More>>
Anbang Insurance Group’s founder and former chairman Wu Xiaohui has been sentenced by a Chinese court to 18 years in prison for fraud and embezzlement, China’s official news agency Xinhua reported Thursday morning. The court also ruled that RMB 10.5… Read More>>
Hong Kong-based developer Swire Properties is in talks to sell its stakes in Cityplaza Three and Cityplaza Four, a pair of grade A office towers in the city’s Quarry Bay area, the company announced on Thursday. Swire did not specify… Read More>>
American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign retailers like Tesco and Lotte scale back their businesses in China due to market barriers and disappointing sales.
Costco inked an agreement with… Read More>>
The Abu Dhabi Investment Authority (ADIA) has named Tom Arnold as global head of real estate, succeeding Bill Schwab, according to reports. Arnold currently serves as deputy global head and head of Americas real estate at the sovereign wealth fund… Read More>>
The Canada Pension Plan Investment Board (CPPIB) has teamed up with Singaporean sovereign wealth fund GIC to buy a landmark office tower in Seoul for 418 billion won ($380 million). The global investment giants will each take a 50 percent… Read More>>
Nan Fung Group is reportedly close to selling an office tower in Hong Kong’s Kowloon Bay area for HK$8 billion ($1 billion) to a mainland Chinese consortium. The deal, if closed, would be the second-largest real estate transaction in the… Read More>>
Sino Land and CSI Properties have won the tender to develop a residential site in Yau Tong at the southeastern end of Kowloon for an estimated HK$3.8 billion ($484 million).
The tender for the Hong Kong site was awarded to… Read More>>
M&G Real Estate is poised to scoop up South Korea’s most expensive single property, as the arm of British insurer Prudential Plc will reportedly soon strike a deal to buy a new twin tower office complex in downtown Seoul for… Read More>>
Chinese flexible office operator Ucommune has announced a strategic merger with Shanghai-based rival Workingdom, marking the fourth such tie-up by the fast-growing startup this year.
Ucommune said last week it had agreed to invest in and merge with Workingdom, which… Read More>>