Asia Pacific real estate investment news and information
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>>
Shanghai-based Greenland Group unveiled new details of its 1-billion-U.S. dollar Metropolis Los Angeles project at a ground-breaking ceremony on Friday.
The 6.33-acre project, located on Francisco Street between 8th and 9th Streets, is the largest undeveloped site in Downtown Los… Read More>>
Revenues for Singaporean retail developer CapitaMalls Asia dropped 8.7 percent during the fourth quarter of 2013, due mainly to a slow down in China, the company said in a statement this week.
According the most recent financial results for the… Read More>>
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>>
While China’s investors have been buying up London real estate in recent years, and firms like Greenland Group and Dalian Wanda have made billion dollar acquisitions of commercial properties, the country’s nouveau riche are now moving into the English countryside.
According to a story from the UK’s Guardian, Chinese investors are among the growing numbers of rich foreigners buying farms and country estates across Britain.
Greenland Group, the state-owned real estate firm responsible for some of China’s biggest overseas acquisitions during 2013, has plans to spend between US$5 billion to $8 billion more to buy up international assets during 2014.
Having achieved 162.5 billion in property sales last year, up 53% over 2012, Greenland appears to be cashed up and ready to develop new projects overseas, as its Chinese customers look for fresh markets for real estate investment.
Greenland Hong Kong Holdings Ltd. (337), part of Chinese state-owned Greenland Holding Group Co., announced yesterday that it will partner with fellow state-run developer, China Resources Land Ltd. (1109) to develop a Shanghai site it bought last month for 5.95 billion yuan ($985 million).
According to a statement filed with the Hong Kong Stock Exchange, the two companies will form a 50-50 venture for the site in the city’s Huangpu district.
China Vanke once again topped the sales charts among real estate developers in China, however, analysts now warn that the Shenzhen-based firm needs to work harder at innovation if it is to maintain market leadership.
With revenues of 170.9 billion yuan in 2013, Vanke again led the field, followed by Greenland Group, Dalian Wanda Group, Poly Real Estate, China Overseas Land and Investment, Country Garden, and Evergrande Real Estate
Greenland Hong Kong Holdings Ltd. (337), a real estate unit of Chinese state-owned Greenland Holding Group Co., said it may create a venture to develop land it bought in Shanghai last month for 5.95 billion yuan ($983 million).
The company is in talks with a “reputable property developer” in China for the investment, according to a Hong Kong stock exchange filing yesterday.
China’s Greenland Holding Group could complete its domestic listing by the first half of this year, its chairman said on Friday.
Such a move—which would require government approval—could make the acquisitive state-controlled company the first property developer to list on mainland China since 2010.
