In this week’s edition of People in the News, a top executive at a formerly troubled Shenzhen developer is joining the board of another builder in the southern Chinese megacity, while an asset management expert is upgrading his title at… Read More>>
China Sanctions HNA for Related Party Deals and More Asia Real Estate Headlines
China’s cross-border investors continue to draw regulatory ire today, as the country’s insurance regulator slaps HNA for using its insurance division as a slush fund. Also in the news, Tujia.com raises a war chest for its own international expansion, and… Read More>>
Frasers Centrepoint Buys UK Business Parks From Oaktree for $906M
Singapore-listed Frasers Centrepoint is taking a bet on British business parks by acquiring a portfolio of five UK properties around London and Glasgow, Scotland for £686 million ($906.2 million).
The international property firm is purchasing the 4.9 million square foot… Read More>>
Shui On to Sell Shanghai Homes for RMB 300k Per SQM and More Asia Real Estate Headlines
Shanghai-based Shui On Land is hoping the city’s property boom lasts long enough for it to sell homes near its Xintiandi complex for RMB 300,000 ($44,000) per square meter, while on the Hong Kong stock exchange, investors are already selling… Read More>>
Goldman Sachs Predicts 20% Drop in Hong Kong Home Prices and More China Real Estate Headlines
The world’s best known investment bank just cut its outlook for Hong Kong property stocks in the same week that Moody’s gave a negative prediction for nearly half of the mainland real estate industry, a pair of moves which could… Read More>>