Home prices in Shanghai, including government subsidized housing, rose by 4.4 percent last month, according to figures released by the National Bureau of Statistics. Prices in the city have risen 31.2 percent in the past 12 months as the government’s stimulus… Read More>>
Chongbang Buys Out Keppel and Alpha Stake in Shanghai Complex for $517M
Shanghai-based Chongbang Group has agreed to pay Keppel Land China and Alpha Investment Partners a combined $516.9 million to buy back an 80 percent stake held by the two Singaporean investors in the Life Hub@Jinqiao project in Shanghai’s Pudong District…. Read More>>
Henderson Land Sells Golden Centre in Hong Kong for $563M
Henderson Land has agreed to sell Golden Centre in Hong Kong’s Sheung Wan district to an undisclosed buyer for HK$4.4 billion ($563 million) according to a statement by the real estate developer to the Hong Kong stock exchange.
While Henderson… Read More>>
Blackstone Deepens China Ties with Tsinghua Scholarship Program
Private equity billionaire Stephen A Schwarzman, whose Blackstone Group has been an aggressive investor in China, last weekend marked the start of a new $435 million elite scholarship program at Beijing’s Tsinghua University campus. Schwarzman Scholars welcomed its inaugural class… Read More>>
Peter Sharp of Walmart Named President of Taubman Asia
Taubman Centers has named Peter J Sharp as president of Taubman Asia, as current president René Tremblay transitions to chairman of the Asian branch of the US retail REIT effective January 1 next year, according to a statement by the… Read More>>
Happy Moon Festival From Mingtiandi
Thursday night will be a special full moon, as Chinese (and Korean and Vietnamese) people celebrate the Mid-Autumn or Moon Festival by eating cakes that most of them find pretty unappealing and taking a day off from work.
Here at… Read More>>
Prosperity REIT Acquires Kowloon Tower From Phoenix for HK$1.9B
Prosperity REIT has agreed to acquire a 24-storey commercial building in Kowloon’s Kwun Tong area from Phoenix Property Investors, as the two property investment specialists continue to cash in on demand for office space in developing districts of Hong Kong.
Schroder Real Estate Hires John Chantrell to Run Asia Business
Schroder Real Estate has appointed John Chantrell to the newly created role of Head of Asian Real Estate as the UK-based asset manager ramps up its presence in the region.
Chantrell, who will be based in Hong Kong, joins Schroders… Read More>>
Why Wang Jianlin Wants More Chinese Films in His Global Theatre Empire
Wang Jianlin, the Chinese property tycoon who has been buying up theatre chains in the US, UK and Australia sees his screen empire as a means to export Chinese culture globally, according to statements in a recent TV interview with… Read More>>
Bank of China Spends $100M on a New Sydney Office
Bank of China may have a new place to call home in Sydney after buying the 140 Sussex Street building from Deutsche Asset Management’s RREEF Real Estate for A$130 million ($100 million), The Australian reported. The bank has yet to… Read More>>
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