Invesco Real Estate, the property division of the US investment management giant, is making its first bet on China’s warehouse sector by buying a portfolio of core logistics assets in the country from e-Shang Redwood (ESR) for over RMB 2… Read More>>
IDG Capital Invests $15M in China Co-Working Startup Kr Space
China’s burgeoning shared office market has received another injection of cash with Beijing-based co-working startup Kr Space completing a new RMB 100 million ($15 million) investment led by existing backer IDG Capital Partners.
The new financing brings the total raised… Read More>>
CapitaLand Fund Invests $55M in Indonesia in SE Asia Growth Drive
Singapore’s CapitaLand is boosting its portfolio in Indonesia by picking up a serviced residence project in downtown Jakarta for S$74.3 million ($55 million), as part of the developer’s growth drive across southeast Asia.
CapitaLand unit The Ascott Limited is acquiring… Read More>>
HKRI Selling Sheung Wan Office Space for Record $96M
Developer Hong Kong Resorts International (HKRI) has sold the entire 22nd floor of China Merchants Tower in Hong Kong’s Shun Tak Centre for HK$750 million ($95.9 million). The transaction, which values the office space at nearly HK$31,000 ($3,962) per square… Read More>>
Bank of China Unit Bets $396M on Pets and Co-Working in Hong Kong
A unit of Bank of China is taking a bite out of Hong Kong’s commercial property sector, as it picks up three buildings for a total of HK$3.1 billion (US$396 million), including a co-working facility in Kwun Tong and a… Read More>>
Vanke, China Resources Buy New Shanghai Sites as City Sells $2B in Land
The suburbs of Shanghai saw nearly RMB 13.05 billion ($1.99 billion) of residential land change hands this past week, as the city seeks to boost new apartment supply to bring relief to its housing-hungry population.
The nearly two billion dollar… Read More>>
Hong Kong Builder Buys Kowloon Apartment Block From Yuexiu for $105M
A Hong Kong-listed construction company is buying a newly completed apartment building in Kowloon for HK$820 million ($104.8 million), from Guangzhou-based Yuexiu Property, even as Hong Kong’s housing market has begun to show signs of cooling over the summer.
Grand… Read More>>
Keppel Land CEO Resigns, Group Chairman Takes Helm
Keppel Corporation, one of Singapore’s largest conglomerates, today announced the departure of the CEO of its property subsidiary, Keppel Land, with no permanent successor in place to run the developer of landmark projects across Singapore, mainland China, Vietnam and other… Read More>>
Hong Kong Shop King’s Family Buys Wan Chai Hotel for $58M
Tang Shing-bor, known for his sprawling portfolio of retail shops, is continuing his drive to become one of Hong Kong’s leading hoteliers by purchasing the Hotel Bonaparte in Wan Chai for HK$450 million ($57.5 million).
Stan Group, a property company… Read More>>
Mainland Developers Push Parking as Govt Dictates Home Prices
Beleaguered home buyers in China’s largest cities look like they’ve caught a break this year, as average housing prices in Beijing slid 0.1 percent in July and subsided by 0.2 percent in Shenzhen after growing more than 40 percent last… Read More>>
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