A development consortium including Wheelock, K Wah International and Sino Land shocked Hong Kong by paying a record HK$17.28 billion ($2.21 billion) for a waterfront residential site in Cheung Sha Wan late last year. Five months later, a residential lot… Read More>>
China’s CEFC Lights Up $3.2B Real Estate Fire Sale as Founder Under Investigation
CEFC China Energy, whose founder has reportedly been detained for questioning, is said to be selling properties in mainland China, Hong Kong, the US and Europe valued at over RMB 20 billion ($3.2 billion) as it struggles to repay debts… Read More>>
CSCEC Unit Buys Macau Retail Project From Sniper Capital for $102M
China State Construction International (CSCI), a Hong Kong-registered subsidiary of China State Construction Engineering (CSCEC) has teamed up with another mainland investor to acquire a retail project along Macau’s landmark Senado Square for HK$800 million ($102 million). The deal by… Read More>>
Pamfleet Launches 67-Unit Shanghai Co-Living Project
Hong Kong-based real estate investment firm Pamfleet is launching a pioneering co-living project in Shanghai, the company revealed to Mingtiandi, as the communal living model that has proven popular with young professionals in Europe and the US makes its first… Read More>>
Evergrande Notches Record $6.5B Core Profit in 2017, Beating Country Garden and Vanke
While sales results released in January showed that Country Garden had taken over as China’s top-ranked home builder in terms of new contracts, full-year financials released this week show that Evergrande Real Estate was China’s biggest money maker in 2017…. Read More>>
Brokerage Heavyweights Bag Awards for Big Deals at RICS Hong Kong Event
Hong Kong’s commercial property market is booming, and the annual awards dispensed by industry non-profit the Royal Institute of Chartered Surveyors (RICS) show how international brokerages are stepping up their game to compete for the city’s flurry of deals.
At… Read More>>
Soho China Plans Spin Off of Co-working Business 3Q
Beijing-based developer Soho China plans to spin off its co-working business 3Q into a separate company, chairman Pan Shiyi said in a press conference last week, according to media reports. The flexible office space provider, one of the largest players… Read More>>
CSI Properties Said Close to Buying Kowloon Commercial Tower for HK$2.5B
CSI Properties is reportedly close to acquiring a commercial building in the Jordan area of southern Kowloon, Hong Kong for HK$2.45 billion ($312 million).
The Hong Kong-based developer operated by Mico Chung Cho-yee is locked in exclusive talks to buy… Read More>>
JLL Adds Brookfield Veteran to APAC Funds Advisory Team
JLL has appointed Eugene Kim as a director of its Global Funds Advisory team, based in the company’s Asia Pacific headquarters in Singapore.
In tandem with Kim’s hire, Georg Frauboes joins the team as a director based in London, as… Read More>>
Mitsui Fudosan Buys Art Deco Building in Prime Tokyo District for $811M
Japanese real estate giant Mitsui Fudosan has paid 85.03 billion yen ($811 million) for an 89-year-old building in Tokyo, a price 183 percent higher than expected by the seller, according to a report in Japan Property Central.
The seller of… Read More>>
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