China Vanke has agreed to purchase six real estate projects in the provinces of Zhejiang and Jiangsu, as well as in the city of Chongqing, from a subsidiary of China Evergrande Real Estate, for a total of RMB 355 million… Read More>>
Greenland Group Buys Hangzhou Sites for $224M to Expand Land Bank
The Chinese government’s tighter financing constraints have not slowed down the largest real estate developer controlled by the Shanghai city government, as Greenland Group continued to expand its land bank last week with the acquisition of a pair of land… Read More>>
Cancer Death of Ziroom Tenant Raises Talk of Risk in China’s Rental Housing Rush
A social media post linking the leukemia death of an Alibaba employee living in an allegedly-formaldehyde contaminated home operated by Sequoia China and Tencent-backed Ziroom has brought a new round of pressure on the rental housing unicorn this week.
The… Read More>>
Benoy Blends Heritage and Innovation with New Hangzhou Art Center Sponsored Feature
The eastern Chinese city of Hangzhou has sought to raise its profile as a centre of both innovation and culture, equally notable for its UNESCO World Heritage sites and its tech credentials as home to e-commerce giant Alibaba.
Within this… Read More>>
Shu Qi Buys $16M Hong Kong Apartment and More Asia Real Estate Headlines
Movie stars finally make their way into Mingtiandi today as Taiwanese glamour gal Shu Qi gives a low-key celebrity endorsement to a Hong Kong project with her recent HK$127 million purchase of a home in the mid-levels tower. Meanwhile, Swire… Read More>>
Greentown China Clamps Down on Cashflow as Govt Triggers a Mainland Credit Squeeze
Greentown China, which nearly became a casualty of the mainland’s previous housing slowdown in 2014, has raised concern among investors this week after the Hangzhou-based developer issued a notice urging staff to urgently improve the company’s cashflow.
The notice distributed… Read More>>
How China Won Control of a Sri Lankan Port and More Asia Real Estate Headlines
China’s Belt and Road initiative leads the region’s real estate news again today as a report deals how the global infrastructure program has led to mainland control of strategic infrastructure in Sri Lanka. Investors of a smaller scale are also… Read More>>
Hang Lung Outbids Alibaba to Win Hangzhou Commercial Site for RMB 10.7B
Hong Kong developer Hang Lung Group has shouldered aside Alibaba Group and four other property developers to win a commercial plot in the eastern China city of Hangzhou for RMB10.7 billion ($1.7 billion) — more than double the base price… 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>>
Alibaba Makes Make-Up Shoppers Smarter With Virtual Reality Dressing Room in Hangzhou
Indecisive shoppers can now sample, try out and purchase lipstick, mascara and other cosmetics in the dressing room armed with just a smartphone, but only in the eastern Chinese city of Hangzhou.
The virtual reality make-up trials are a real… Read More>>
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