Asia Pacific real estate investment news and information
While Shanghai’s Greenland Group was grabbing headlines this week with its billion dollar London deals, Beijing-based Macrolink Real Estate quietly secured deals worth a total of RMB 640 million (US$105 million) in Malaysia and South Korea.
The Shenzhen-listed firm’s Hong Kong unit is setting up a joint venture with a South Korean partner to acquire RMB 340 million (US$56 million) in land on South Korea’s Jeju island.
China again declared its love for overseas real estate yesterday with developer Greenland Group agreeing to acquire a historic London site for a £600 million (US$984 million) development project. And in the same day, the developer announced that it would spend an additional £600 million to purchase a site along the city’s famed Canary Wharf.
The overseas acquisitions of China’s most adventurous real estate developer seem to be paying off as Greenland Holdings recently raised RMB 11.73 billion (US$1.93 billion) from five domestic investors.
The share sale to a group of domestic Chinese investment funds… Read More>>
Chinese investors already made US$5.89 billion in real estate investments in the US this year, and a recent change in the country’s investment regulations promises to make that figure look small by this time in 2014.
Data released by consulting… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
When completed in 2015, the Shanghai Tower will… Read More>>
Greenland Group, which through its domestic and international acquisitions is rapidly establishing itself as one of China’s most aggressive real estate firms, this week announced that it was acquiring a residential site in downtown Shanghai for RMB 5.95 billion (US$979… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
The “Jeju Dream Tower,” or “Twin Building” will be built… Read More>>
Evergrande Group, one of China’s largest real estate developers, will soon be developing private hospitals in the country under a cooperation agreement with Harvard University.
Harvard and Evergrande jointly announced the agreement, which was signed on Monday, which calls for… Read More>>
Not content with buying buildings in New York or purchasing Picassos, China’s real estate moguls are now investing in Ivy League universities.
Harvard University announced on Monday that it is receiving a gift of “university-wide, interdisciplinary support” from Chinese property… Read More>>
The overseas expansion of China’s real estate companies showed some promising return on investment this weekend when a project belonging to Greenland Group sold RMB1.5 billion (US$246 million) in Sydney homes.
The Shanghai-based developer launched sales of its first Australian… Read More>>
