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,… 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>>
CapitaLand and CRCT Buy Guangzhou Mall for $511M
Singapore’s top developer continues to ramp up its retail presence in China, with CapitaLand Mall Asia and CapitaLand Retail China Trust (CRCT) partnering to buy a shopping mall in Guangzhou for RMB 3.36 billion ($511 million).
CRCT is taking a 51… Read More>>
Sun Hung Kai’s Parc Central Wins Gold at ICSC APAC Awards
Parc Central, a Guangzhou retail project by Hong Kong developer Sun Hung Kai, has pulled in its fifth prize, winning gold for ‘Design and Development Excellence – New Developments’ at the 2017 International Council of Shopping Centers (ICSC) Asia Pacific… Read More>>
Vanke Grabs 16 Guangzhou Sites in Record $8.1B Deal
Mainland China’s most valuable developer has won an auction to buy a rare package of prime development sites in Guangzhou for RMB 55.1 billion ($8.13 billion), in what is said to be the country’s biggest-ever land sale. Under the deal,… Read More>>