Prices for homes at Hong Kong’s Peak hit new highs this week as a pair of apartments sold for the equivalent of HK$132,000 per square foot. Also in the news, Singapore’s GIC is taking over a Lendlease project building a… Read More>>
Dalian Wanda Group, once one of China’s most aggressive cross-border investors, has now reportedly put up for sale more than $5 billion of its remaining property projects in the UK, US and Australia, after the Chinese government ordered a review… Read More>>
Dalian Wanda Group is facing a fresh set of overseas headaches, this time in Southern California, as its US partner bails on a $1.2 billion development project in Beverly Hills and the company’s top executive in Hollywood steps down.
Athens… Read More>>
Among the biggest real estate stories in the region today, GLP plans to raise $1.5 billion in renminbi denominated bonds, just after the company’s buyout was approved, and Lendlease decides to go Dutch in the sale of a stake in… Read More>>
Wang Jianlin’s Dalian Wanda Group continues to find itself deep in China’s regulatory rough this week as mainland authorities have shut down two of the company’s high-end golf courses amid an austerity drive.
The courses are part of Wanda’s Changbaishan… Read More>>
As China’s HNA tries to impose some clarity onto its famously opaque ownership, the company’s former major shareholder has revealed this week that he only held the shares as a favor to the real owners. Meanwhile Wanda boss Wang Jianlin’s… Read More>>
Yet another starry-eyed hopeful may be having his dreams dashed by the cruel realities of Hollywood, but this time instead of a bumpkin off the bus from Boise, it’s China’s richest man. Or former richest man, as Wang Jianlin’s purchase… Read More>>
China’s clampdown on outbound capital might have cost the Mandarin Oriental Hotels group its chance at a record sale as the hospitality group announced this week that it is pulling its Causeway Bay property off the market after bids failed… Read More>>
At the top of today’s headlines, Hong Kong developer Henderson Land has again linked up with Shanghai’s CIFI Holdings on a mainland project, and home-sharing giant Airbnb is looking to double its investment in China over the next year. Also… Read More>>
The Hong Kong Monetary Authority, the city’s de facto central bank, is said to be reviewing lending to HNA Group and Dalian Wanda Group as pressure mounts on the debt-strapped mainland conglomerates.
Banks were required last week to provide information… Read More>>