Financially troubled mainland conglomerate HNA Group has now disclosed that it is seeking to unload a set of domestic assets worth RMB 7.6 billion ($1.1 billion), according to local media reports citing public statements by officials representing the parent company of… Read More>>
APREA Names Former C&W Exec Sigrid Zialcita as New CEO
Sigrid Zialcita has been appointed chief executive officer of the Asia Pacific Real Estate Association (APREA) and will assume her duties on January 2nd, the group announced Tuesday.
Zialcita takes up her duties with the real estate industry non-profit after having… Read More>>
Gaw Capital Sold Beijing’s Pacific Century Place to Local Fund for RMB 10.5B
Gaw Capital Partners is confirmed to have sold the Pacific Century Place project in Beijing for approximately RMB 10.5 billion ($1.53 billion) according to sources familiar with the transaction who spoke with Mingtiandi.
The Hong Kong-based private equity firm completed… Read More>>
Dylan Taylor Named CEO of Colliers Real Estate Services
Colliers International announced late on Thursday that its president and chief operating officer Dylan Taylor had been appointed CEO of Colliers Real Estate Services, effective January 1st.
The new role for Taylor comes three-and-a-half years after the company veteran took… Read More>>
Singapore Cuts Supply of Fresh Home Sites by 25% for 2019 1H
A set of five fresh residential sites are confirmed to go up for bidding in the first half of next year under Singapore’s land sales program, with the government aiming to fill the lots with a total of 2,025 private… Read More>>
HK Co-Working Operator R One Space Heads to Kowloon East to Open 2nd Centre
Hong Kong’s shared office market grew even more crowded this past week, with local co-working provider R One Space traveling to Kowloon East on Wednesday to open the company’s second site in the city. The new centre follows on the… Read More>>
Ranks of China’s RMB 100B Developers Set to Double in 2018
Mainland China’s top real estate developers have seen a bountiful year despite a downtrend in the past three months, with 26 developers reporting contracted sales exceeding RMB 100 billion ($15.5 billion) through the first 11 months of the year.
According… Read More>>
Two-Thirds of Multinationals Aim to Follow Flexible Office Trend
A survey of senior executives at global corporates has found an increasing willingness to enter into flexible work space arrangements as they move farther away from traditional leasing models for offices, embracing a trend started by digital nomads and hipster… Read More>>
Technology and Trade Tensions Highlight MIPIM Asia Event
More than 900 industry leaders, representing 570 firms from 36 countries, attended the annual MIPIM Asia real estate conference in Hong Kong last week, with technology and trade tensions among the recurring themes throughout the packed program of presentations, panel… Read More>>
COFCO Property Wins Approval To Buy Back Joy City for $2.15B
COFCO Property has been given a green light by the China Securities Regulatory Commission (CSRC) to buy back a controlling 64.18 percent stake in Hong Kong-listed commercial real estate developer Joy City Property for RMB 14.76 billion ($2.15 billion), re-integrating… Read More>>
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