Wang Jianlin’s Dalian Wanda Group may have been forced to unwind its overseas ambitions, but the billionaire’s property business in mainland China shows no signs of flagging after it hauled in operating income more than double that of its closest… Read More>>
China’s largest commercial developer, Dalian Wanda Group, is planning to list a real estate business in Singapore, in a deal that could value a portfolio of properties at over $1 billion, according to a Wall Street Journal report.
The potential… Read More>>
China’s largest commercial developer is set to add to its portfolio of nearly 300 shopping malls after Dalian Wanda Commercial Management Group purchased a site in southern Shanghai for RMB 575 million ($85.5 million).
Wanda Commercial, the development unit of… Read More>>
Both a Hong Kong and a mainland China property company are reporting good news today, with New World Development recording a 29 percent hike in core profit over a six month period, while Dalian Wanda successfully floated a $300 million… Read More>>
Dalian Wanda boss Wang Jianlin has been forced to scale back his ambitions and sell off overseas and non-core assets in the past two years, but his flagship real estate operation still has more than twice the operating revenue of… Read More>>
China’s power-buyers are now becoming America’s super-sellers as mainland investors unloaded $1 billion in US real estate in the most recent quarter, according to an account in the Wall Street Journal. Those Chinese investors show up again in today’s roundup… Read More>>
Wanda Group has announced that it is opening 17 new Wanda Plaza shopping centres in the last five weeks of this year, accounting for 34.7 percent of the company’s total new mall openings for 2018.
The surge of new debuts… Read More>>
The Market Strikes Back could be the subtitle of today’s roundup of real estate news from around the region as developers in Hong Kong struggle to sell homes amid an unexpectedly steep downturn, and mainland developers scramble to arrange new… Read More>>
Leading today’s roundup of people moves, a formerly troubled Chinese developer has lured an investment banking veteran to take the reins as CFO, and a mid-sized Hong Kong property firm has welcomed a new MD for its commercial division. Wanda… Read More>>
Wanda Commercial Management Group, formerly known as Dalian Wanda Commercial Properties Co, recorded a 22 percent drop in profit generated from investment properties in 2017, according to a report in Tencent-owned business new site Yixian.
The developer’s operating profit from investment… Read More>>