Asia real estate and outbound investment news
Developer Guangzhou R&F Properties has joined the rush of Chinese real estate firms headed overseas by spending RM4.5 billion (US$1.4 billion) to acquire six sites in the southern Malaysian state of Johor Bahru.
The transaction was announced in a statement… Read More>>
Singaporean mall developer CapitaMalls Asia announced this week that it is investing RMB 2.2 billion (US$361 million) to acquire a mall in Guangzhou, China – its first in the city.
The government-linked developer, which is part of the CapitaLand group… Read More>>
China’s anti-corruption may have caused a Chinese state-owned company to buy real estate overseas recently, but not for the usual reasons associated with capital flight.
China’s luxury liquor-maker, Kweichou Moutai, which produces the hard-edged baijiu favored by government officials last… Read More>>
Following through on a deal originally announced in June, Chinese real estate developer Dalian Wanda last week completed the acquisition of the One Nine Elms project for more than US1.1 billion from the UK’s Green Property.
According to an announcement… Read More>>
While developers such as Fosun and Greenland have grabbed the biggest headlines in recent weeks with their billion dollar ventures into US real estate projects, these corporate giants appear to be simply following their customers, rather than blazing a new… Read More>>
Following some policy-induced tough times during 2012, China’s major real estate developers are outpacing their sales targets so far in 2013, with overall revenue growth approaching 30 percent for the year.
Big industry names such as China Vanke, Country Garden… Read More>>
Fosun International Ltd became the latest Chinese company to acquire a US trophy asset last week when it agreed to purchase 1 Chase Manhattan Plaza from JP Morgan Chase for US$725 million.
With the acquisition the closely held Shanghai firm… Read More>>
Start spreading the news, another of China’s real estate giants is determined to make it on the world’s biggest stage, as Greenland Group announced last week that it intends to buy a 70% stake in the Atlantic Yards project in… Read More>>
Shanghai-based real estate developer Greenland Group kept itself busy over China’s National Day holiday, with the news getting out just two days after the break that it had signed a memorandum of understanding to purchase a pair of sites in… Read More>>
China State Construction Engineering Corporation (CSCEC), the biggest builder in China and the third largest in the world has joined the rush of Chinese companies buying US real estate, and is apparently buying a $68 million site in New Jersey.
