After several months of rapid expansion the rate of growth in China’s home sales fell in May, compared to April, with the increase over 2015 dropping from 61.4 percent for the period from January to April, down to 53.4 percent… Read More>>
$5.5 Bil Shanghai Disney Resort Greets Visitors With 2-Hour Queues
Tourists in mainland China will now be able to explore Fantasyland, get photographed with Mickey Mouse and ride Dumbo the Flying Elephant at the new Shanghai Disney Resort, which has its grand opening this week. Visitors are already reporting massive… Read More>>
Colliers Adds Colin Clark to Build SG Project Management Team
Colliers International continued to add to its management team in the region this month by bringing engineering veteran Colin Clark on board as head of project management for its Singapore office.
The addition of Clark, who had spent the past… Read More>>
Logos Property Buys SG Warehouses in Southeast Asian Push
Ivanhoe Cambridge-backed warehouse developer Logos Property has completed its first acquisitions in southeast Asia by purchasing a pair of logistics facilities in Singapore together with local firm Yang Kee Logistics.
The developer, which already has projects in Australia and China,… Read More>>
Asset-Backed Securities Provide Cheap Financing for Mainland Developers
New land in China is now going for as much as three times the auction minimum at the same time that the country’s exchange rates, and the global interest rate outlook appear increasingly unstable.
This combination of financial forces is… Read More>>
Link REIT Announces 13% Revenue Rise Despite Retail Downturn
Despite Hong Kong’s biggest retail slump this century, the managers of Link REIT, a real estate investment trust that manages the city’s largest portfolio of shopping space reported a 13.2 percent increase in revenue for the most recent fiscal year,… Read More>>
China Vanke Founds US Investment Platform With Rockefeller Veterans
China Vanke, one of the mainland’s earliest investors in US real estate projects, has set up a US-based real estate investment firm as the Chinese developer seeks to become a player in the global asset management industry.
Vanke has set… Read More>>
$15,000 Statue of Disney Zootopia Character Destroyed at Wanda Plaza
An exhibition held at the Wanda Plaza mall in Ningbo fell to pieces after a life-sized Lego sculpture worth $15,000 was inadvertently destroyed by a child a little too eager to play with the cartoon-like figure.
The model was a… Read More>>
Happy Dragon Boating From Mingtiandi
Thursday, June 8th is actually the fifth day of the fifth month of the lunar calendar here in Asia, a day known as Duanwu or Dragon Boat festival, and one of the major traditional holidays.
In the south, people celebrate… Read More>>
BlackRock Said Selling SG Office Tower to Qataris for Record $2.6Bil
BlackRock is said to be on the cusp of selling Asia Square Tower 1 to the Qatari Investment Authority (QIA) for a record S$3.5 billion ($2.6 billion).
An agreement on the sale of the 1.29 million square foot (120,000 square… Read More>>