China Vanke, the mainland’s third-largest developer by sales, has launched its first property project in Hong Kong. The company’s Vanke Hong Kong arm announced that its 29-storey serviced apartment project, The Luna, is now available for pre-leasing and will officially… Read More>>
Chinachem Outbids 24 Developers to Win Kwun Tong Site for $397M
Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in the Kwun Tong area of the city’s Kowloon East, shouldering aside 24 other bidders to offer HK$3.1 billion ($397 million).
Other competitors for the site… Read More>>
Continental Holdings Sells Off Stake in Shanghai Mall for $167M
Hong Kong-based jewellery trader Continental Holdings is exiting its main property investment in mainland China by selling its 50 percent stake in a Shanghai shopping mall for a total of about HK$1.31 billion ($167 million).
Under the terms of the… Read More>>
Wanda To Bail on $1.5B in Australia Projects Amid Global Retreat
Dalian Wanda Group is walking away from its flagship property projects in Australia, in a deal that could exceed $1.5 billion, as the Chinese mall builder downsizes its overseas portfolio.
In an announcement last night, the group’s Hong Kong-listed unit… Read More>>
Tencent Teams Up With Carrefour China to Expand O2O Offering
Chinese tech giant Tencent is eyeing an investment in Carrefour China alongside Shanghai-listed supermarket chain Yonghui Superstores, said French retailer Carrefour in a press release.
Under the terms of the non-binding agreement, the company that rules China’s social media world… Read More>>
Prada Takes Pop-Up Shop on Asia Tour, Starting in Macau
Prada is stepping up its marketing efforts in Asia by opening a pop-up store in Macau, which the Italian luxury fashion brand will bring to other cities in Greater China and abroad during the Chinese New Year holidays.
By setting… Read More>>
Singapore’s CDL Praised for Green, Female-Friendly Culture
Singaporean property giant City Developments Limited (CDL) is the world’s only real estate company to be honoured for both its female-friendly culture and green initiatives by a pair of newly released international rankings.
The listed developer of over 18 million… Read More>>
Li Ka-shing Said Putting Chongqing Project on the Block for $3B
Hong Kong tycoon Li Ka-shing is reported to be seeking buyers for a sprawling, partly completed residential and commercial project in the western Chinese city of Chongqing, with an asking price of RMB 20 billion ($3 billion), according to an… Read More>>
Evergrande Buys Tuen Mun Site from Henderson for Reported $844M
Mainland homebuilder Evergrande has purchased a 1,982-unit residential site in Hong Kong’s Tuen Mun area from Henderson Land Development, according to information from the city’s company registry.
China’s second-largest developer by sales is now the owner of the project company… Read More>>
Singapore Office Rents Expected to Surge 25% in Two Years, Leading Asia Pacific
Singapore office rents are projected to surge by over 25 percent from 2017 through 2019, leading the pack among Asia Pacific markets and more than twice as fast as downtown Hong Kong, according to Cushman & Wakefield.
The forecasts by… Read More>>
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