Gemdale Corp has taken the title of China’s new ‘land king’ as the developer outbid more than 20 rivals to pay RMB 8.8 billion ($1.3 billion) for a 140,252 square-meter parcel of land in Shanghai last week.
The Shanghai-listed company’s… Read More>>
Wanda Whiffs on $3B Ecommerce JV with Tencent and Baidu
China’s richest man may have just gotten a bit poorer after Internet giants Tencent and Baidu apparently walked away from a $3 billion ecommerce joint venture with Wang Jianlin’s Dalian Wanda group.
Just two years ago, Wang was trumpeting the… Read More>>
Future Land Plans to Sell Hongkou Homes for RMB 120K/SQM
Hong Kong-listed Future Land Development plans to sell high-end units at its new project in Shanghai’s Hongkou district for RMB 120,000 per square meter, representing more than a 20 percent premium over current selling prices in the area.
“There is… Read More>>
Hines May Add 475 Homes to Boston Project After Gemdale JV
Leading US developer Hines teamed up with China’s Gemdale Properties & Investment in May to help kickstart a Boston project that has been in the works since 1990.
Now, just over three months later, the transpacific partners have submitted revised… Read More>>
China’s Xinyuan Buys NYC Theatre for $66M in Latest US Condo Project
NYSE-listed Xinyuan Real Estate has purchased a theatre in Queens, New York from JK Equities LLC for $66 million, as the mainland Chinese developer prepares to build its third condo project in New York City.
Xinyuan, which in 2012 was… Read More>>
SOHO China Sells Pudong Project to Mainland Insurer for RMB 3.2B
SOHO China, the Beijing-based real estate developer controlled by celebrity entrepreneurs Zhang Xin and Pan Shiyi, confirmed on Friday that it has sold a commercial building in Shanghai’s Pudong district to a mainland insurer for RMB 3.2 billion ($485 million).
China’s Aqualand Buys 9th Sydney Site for $105M
Transplanted Chinese developer Aqualand picked up its ninth project in Sydney, and its second this month, with the purchase last week of an office building in the city’s Milsons Point area from Australian real estate investment company Barana Group… Read More>>
Canada Slaps Tax of Up to 20% on Foreigners Buying Vancouver Homes
Canadian authorities have slapped a tax of up to 20 percent on overseas buyers purchasing homes in Greater Vancouver. The move by the British Columbia authorities comes amidst growing public outcry over runaway housing prices perceived to be fuelled largely… Read More>>
China’s CIC to Look for More Real Estate Deals After Losing Money in 2015
China Investment Corporation (CIC) recorded a loss on overseas investment in 2015, the sovereign wealth fund’s first negative net annual return since 2011. The fund entrusted with investing China’s foreign reserves now has $813 billion in total assets including a… Read More>>
Mainland Developer Forchn Launches $954M SG REIT
China-based EC World REIT launched on Singapore’s stock exchange last week, becoming the first initial public offering on the city’s mainboard this year. The REIT, which is sponsored by Shanghai-based industrial conglomerate Forchn, features a portfolio of six properties in… Read More>>
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