The latest regulatory wave in China involves the central government’s hard line on illegal villa developments, as Mingtiandi’s round-up of China regulatory news finds Evergrande, Country Garden and other developers paying the price for building illicit luxury projects in Hainan,… Read More>>
Sun Hung Kai Snaps Up Second Plot Near Guangzhou High-Speed Rail Station
Hong Kong-listed Sun Hung Kai Properties announced on Friday that it had won a tender for a second plot of land near Guangzhou’s Qingsheng high speed rail station at a price of RMB 1.19 billion ($177 million).
The company controlled… Read More>>
New World Buying Guangzhou Site Next to China’s Largest Amusement Park for $690M
New World Development last week announced to the Hong Kong Exchange that it is buying a 65 percent stake in a site in Guangzhou, next to the country’s largest amusement park, for a total consideration of over RMB 4.78 billion… Read More>>
CapitaLand Buys Guangzhou Project for RMB 882M and More Asia Real Estate Headlines
Singapore’s CapitaLand dominates the region’s real estate headlines today with news of its acquisition of a site in Guangzhou, being released on the same day that the developer confirmed a joint venture with GIC for an acquisition in Shanghai. Elsewhere… Read More>>
HNA Selling Guangzhou Project to Vanke for RMB 1.6B
Financially-troubled mainland conglomerate HNA continued its ongoing series of property disposals on Wednesday as it announced an agreement to sell its Central Hotel Square project in Guangzhou to China Vanke for approximately RMB 1.035 billion ($150 million) in cash, subject… Read More>>
Yuexiu Property Announces Plan to Sell Fortune World Plaza in Guangzhou
Guangzhou-based Yuexiu Property this month issued an announcement to the Hong Kong Exchange, saying the company intends to dispose of its 100 percent equity interest in its subsidiary Guangzhou Yuehui Property, which holds Yuexiu Fortune World Plaza in Guangzhou’s Liwan… Read More>>
CapitaLand in $297M Guangzhou Residential Buy Near Foxconn Mega-Project
Singapore’s CapitaLand is acquiring two adjacent Guangzhou residential sites totalling 150,000 square metres (1.6 million square feet) for RMB 2.05 billion ($297 million). The purchases are in the Zengcheng District of the city, an up and coming area being targeting… Read More>>
CBRE Southern China MD Alvin Lau Jumps to Savills
International property consultancy Savills continues to add to its mainland China team after the London-based firm recently introduced former CBRE executive Alvin Lau as Managing Director of its Guangzhou office and Deputy Managing Director of its southern China division.
Lau’s… Read More>>
China Overseas Land Paid $1.8B to Pick Up Sites in Four of China’s Hottest Cities in Jan
Top-ten mainland developer China Overseas Land and Investment (COLI) splashed out RMB 11 billion ($1.76 billion) on four parcels in mainland China last month, the developer said in a statement filed to the Hong Kong stock exchange.
The four sites… Read More>>
Foxconn and Country Garden Buy Pair of GZ Sites for $605M to Build Tech Town
The company best known for making your iPhone has partnered with China’s top developer, Country Garden Holdings, to win two plots of land for RMB 3.9 billion ($605 million) in Guangzhou, a first-tier city in southeast China.
Foxconn Technology Group,… Read More>>
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