Asia real estate and outbound investment news
A mainland real estate princess stepped up to queen this week as 31-year-old Chu Kut Yung was named Chairman of Hopson International Development Holdings, according to a stock exchange announcement on Monday.
Chu, whose name in Mandarin is Zhu Jurong,… Read More>>
One more global retail giant has retreated from the mainland China market in the face of growing local competition as a unit of Nanjing-based Suning announced this week that it has taken over a chain of convenience stores from Hong… Read More>>
A mainland property developer controlled by a nephew of the founder of Agile Property Holdings has filed for an IPO on the Hong Kong exchange, as the family behind the top 30 mainland developer expands its Guangdong-based real estate empire.
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>>
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 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>>
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>>
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,… Read More>>
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>>
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>>
