Oxley Holdings announced late Thursday that it has received an unsolicited expression of interest in the amount of S$1.025 billion ($758 million) for the Chevron House building at Raffles Place, exactly one year after the Singapore-listed developer completed its purchase… Read More>>
China Home Sales Slow, But Real Estate Investment Rebounds in 2019
Growth in sales of real estate in China fell to 2.8 percent during January and February 2019 compared to the same period a year ago, with the value of new property sales during the two months totalling RMB 1.28 billion,… Read More>>
China Home Price Growth Slows and Cities Loosen Sales Rules
Home price growth in China declined to its slowest place in nearly a year during the first two months of 2019, according to official government statistics released on Friday, as purchase restrictions put in place last year continued to dampen… Read More>>
Hanison Buys Kowloon East Industrial Building for HK$489M
Hanison Construction Holdings has agreed to purchase an industrial building in Hong Kong’s Kowloon East area just five months after the city’s government said it would reboot a program to encourage redevelopment of workshops, warehouses and go-downs for new uses.
Dalian Wanda Buys Shanghai Commercial Site for RMB 575M
China’s largest commercial developer is set to add to its portfolio of nearly 300 shopping malls after Dalian Wanda Commercial Management Group purchased a site in southern Shanghai for RMB 575 million ($85.5 million).
Wanda Commercial, the development unit of… Read More>>
SC Capital Buys Singapore Shopping Mall From AEW for S$230M
SC Capital Partners has agreed to purchase a community shopping centre in northeastern Singapore from a fund managed by AEW for S$230 million ($169.53 million), according to sources familiar with the transaction who spoke with Mingtiandi.
Singapore-based SC Capital, which… Read More>>
Riady Family Leads $1B Rights Issue for Lippo Development Unit After Bribery Scandal
Indonesia’s Lippo Karawaci has secured $1.01 billion in new funding, as the real estate development division of the 69-year-old conglomerate seeks to revitalise its business.
Lippo, which is controlled by Indonesia’s billonaire Riady family, has teamed the recapitalisation with a… Read More>>
Warburg-Backed Mofang Apartments Raises $150M in Caisse-Led Funding Round
Warburg Pincus-backed Mofang Apartments has closed on a $150 million funding round, led by Canadian fund manager, Caisse de dépôt et placement du Québec (CDPQ), according to an announcement on Monday by the Shanghai-based apartment provider.
Mofang, which manages 70,000… Read More>>
China Vanke Sales Slid 12% in February as Mainland Home Titans Pinched
Property sales by China’s top three developers slid in the first two months of 2019 compared to the same period last year as the companies brace for an uncertain year ahead.
Vanke, China’s second-largest real estate developer in 2018 in… Read More>>
Blackstone Buys HNA’s HKICIM for HK$7B
Funds managed by Blackstone have agreed to purchase a controlling stake in Hong Kong International Construction Investment Management Group Co. Ltd (HKICIM), the listed property subsidiary of China’s HNA Group, for HK$7.02 billion ($894.8 million), according to an announcement to… Read More>>
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