In today’s roundup of regional news headlines, fresh details emerge about how Shanghai-based developer Greenland dodged default with government help, the slump in China home prices accelerates despite easing measures, and investors clear the way for PropertyGuru’s SPAC-led debut on… Read More>>
Asia Real Estate People in the News 2022-02-21
An evergreen boss at one of China’s largest developers leads this week’s collection of personnel moves from around the region, as Shanghai’s biggest builder gives its boss another four years at the helm. There are also fresh hires at Hines… Read More>>
Greenland Group Sells Off Slice of London Project as Mainland Developers Trim Sails
Mainland Chinese developers continue to wind down their overseas holdings with the UK unit of Shanghai Greenland Group revealing to Mingtiandi that it has sold off the final two phases of a project which it purchased for £135.7 million ($184… Read More>>
Shanghai’s Greenland Completes Sydney Residential Tower First Announced in 2013
One of Sydney’s longest-running high-rise construction projects has reached the finish line with Shanghai’s Greenland Group this week announcing the completion of a residential tower in the city’s central business district.
The 235 metre (771 foot) mixed-use building, dubbed Greenland… Read More>>
Greenland Group Sells Bund Centre Tower to Bank of Shanghai for RMB 4.9B
A joint venture between Greenland Group and the Shanghai government has agreed to sell one of the commercial towers in its RMB 100 billion ($14 billion) Greenland Bund Centre to Bank of Shanghai, just five months after Haitong Securities purchased… Read More>>
Evergrande Holds on to Crown as China’s Top Developer Despite 2019 Slowdown
China Evergrande has retained its crown as China’s largest developer during 2019, as measured by contracted sales attributed to shareholders, as the country’s residential sector endures a period of slower growth.
The Shenzhen-based company chaired by mainland billionaire Xu Jiayin… Read More>>
Hong Kong Tops Housing Misery Index for 10th Year and More Asia Real Estate Headlines
A survey shows that while Hong Kong’s leadership may have lost the plot regarding what makes a great financial centre, they continue their mastery of creating a housing shortage as the city ranks as the world’s least affordable place to… Read More>>
India’s Park Hotels Files for INR 10B IPO and More Asia Real Estate Headlines
Luxury hotels lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that an Indian hospitality group has filed paperwork for a $139 million initial public offering.
In other news around the region, a Mumbai-based… Read More>>
Greenland Group Sells RMB 7.5B Trio of Office Buildings in Shanghai Bund Project
Haitong Securities has agreed to buy a trio of office buildings worth a combined RMB 7.5 billion ($1 billion) in a Greenland Group project on Shanghai’s Bund, according to announcements last week by units of the mainland investment bank.
The… Read More>>
Greenland Group Pays RMB 2.35B to Buy Out Shanghai Retail JV
State-backed Greenland Group said it has taken full ownership of a suburban Shanghai shopping centre after paying RMB 2.35 billion ($33 million) to buy out its partner in the project.
Greenland Group acquired the 50 percent stake in that it… Read More>>
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