China’s richest man has been working hard at making himself a global player in the last few years, but now Wang Jianlin has taken things to the next level by deciding to spend $1.2 billion to make himself a star… Read More>>
Wang Jianlin’s Wanda Buys 90% of $900M Chicago Project
Dalian Wanda, the real estate developer owned by China’s richest man, reportedly has acquired a site in Chicago to develop a $900 million mixed-use residential, hotel and commercial complex.
The development project in Chicago’s Lakeshore East area is the third… Read More>>
Chinese Investors Setting Up on Korean Resort Island
Korean banks on South Korea’s Jeju island have reported as much as a thirty-fold increase in Chinese clients thanks to a series of real estate development schemes aimed at attracting Chinese homebuyers and vacationers to the resort location.
According to… Read More>>
Chinese Investment in Overseas Residential Deals Jumps 80% in Q1
Chinese outbound investment in real estate in the first quarter of this year increased by 25 percent compared to the same period of 2013, but the big story is the 80 percent jump in spending on overseas residential development projects.
Wang Jianlin Scoops Up Spanish Skyscraper for $358M
Dalian Wanda, the property group controlled by Chinese billionaire Wang Jianlin has acquired the historic Edificio Espana building in Madrid for €260 million (US$358.6 million) according to a leading Spanish politician.
The acquisition of the skyscraper, which was Europe’s tallest… Read More>>
Meet Asia’s 13 Wealthiest Real Estate Barons
Out of the world’s 20 real wealthiest real estate tycoons, 13 of them are Chinese, according to the latest Forbes Rich List which tracks the fortunes of the world’s wealthiest people.
Only six of the richest real estate 20 are… Read More>>
Wanda’s Wang Jianlin Doubles Money on US Theatre Investment
Billionaire Wang Jianlin got $900 million richer in eighteen months by making a US investment that many observers at the time dismissed as an ego move.
The chairman of China’s Dalian Wanda has seen his original $800 million share purchase… Read More>>
Chinese to Account for 10% of Global Hotel M&A by 2017
A market analysis report released this month by international real estate advisor Savills, predicts that Chinese investors will increase their share of global cross border hotel acquisitions from the current level of 4% to 10% by 2017.
The report predicts… Read More>>
Could China’s Property Sector Create a New Credit Crisis?
Rising land prices and a government credit clampdown are forcing China’s real estate developers to borrow more money at higher rates – a combination that is likely to compress profit margins and put some companies into financial difficulties.
The country’s… Read More>>
Chinese Investment in London Real Estate a Top Global Trend
Chinese investment in UK real estate didn’t just make headlines in China last year, according to one recent report, the flow of Chinese wealth into downtown London is a top global trend.
Chinese investors were behind a number of attention-grabbing… Read More>>
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