One of China’s biggest builders is counting on a surge of sales from a $121 billion project it is building on a set of reclaimed islands between Malaysia and Singapore to bring in more than $3 billion in new sales… Read More>>
Country Garden Buys 2nd Sydney Site for $35 Mil
Chinese residential developer Country Garden has acquired a second residential site in Sydney after a three-year hiatus.
After several false starts, and a change of general manager in its Australian operations, the company has now secured a site amalgamated from 10… Read More>>
Joy City Sells Stake in 6 Mainland Projects to GIC and China Life for $1.4B
Mainland commercial developer Joy City has agreed to sell a 49 percent stake in six mixed-use projects in China to an investment fund to be controlled by Singapore’s GIC and mainland insurer China Life for RMB 9.29 billion ($1.4 billion).
CapitaLand REIT Buys Chengdu Mall From BlackRock for $226M
A real estate investment trust managed by Singapore’s top developer will acquire a shopping mall in Chengdu from BlackRock for RMB 1.5 billion ($226 million), at a time when China’s retail property sector is struggling in the face of oversupply… Read More>>
SOHO China Plans to Sell 3 More Shanghai Properties
A buy-and-hold strategy may be changing over to a buy-and-sell business model for one of the mainland’s best known property developers, after SOHO China chairman Pan Shiyi revealed this week that the company would sell three more of its Shanghai… Read More>>
Paul McGarry Named Asia Head as Goodman Reworks Regional Management
Australian industrial developer Goodman Group has appointed Paul McGarry as head of its Asia operations, as the company restructures its management following the departure of long-time Greater China head Philip Pearce last month.
In the newly created top role for… Read More>>
Shanghai’s New Land King Ready to Sell Zhabei Homes at RMB160k/SQM
A little-known developer made a big splash in Shanghai this week by paying the highest price ever for land in China’s most expensive city.
Fujian-based Ronshine China Holdings is China’s new land king after beating out 17 rival bidders to… Read More>>
Colliers Appoints Li Jie as Managing Director for North China
Colliers International has appointed Li Jie (李杰) as Managing Director for the NASDAQ-listed property services firm’s North China business, according to a recent announcement by the company.
Li, who will be based in Beijing, joins Colliers from competitor JLL and… Read More>>
JLL Acquires SG-Based Design Firm PDM
JLL has acquired Singapore-based interior design firm PDM International as the property consultancy seeks to expand its design, construction and fit-out capabilities in Asia.
The acquisition is part of a consolidation wave in the global real estate services industry and… Read More>>
HK Developers Offering 120% Mortgages as Sales Slump
Hong Kong developers are offering mortgages up to 120 percent of the value of a property with attractive borrowing rates in a bid to boost sales, though some including the Hong Kong Monetary Authority (HKMA) believe this scheme will keep… Read More>>
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