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>>
WeWork, naked Hub Push Co-Working into Alibaba’s Home Town
The trend toward cosy offices with beer on tap is spreading beyond China’s first-tier cities, with Shanghai-based flexible office brand naked Hub announcing a new centre in Alibaba’s home town of Hangzhou, and US giant WeWork eyeing expansion into select… Read More>>
HNA Pitches HK$9.26B Rights Issue to Pay for Kai Tak Land Buys and More Asia Real Estate Headlines
If you wondered how China’s most acquisitive conglomerate plans to pay for the HK$27 billion in sites it just purchased in Kai Tak, then the mystery was solved today when HNA announced an upcoming rights issue that should cover part… Read More>>
JLL Opens 13th Mainland China Office in Hangzhou
International property consultancy JLL held an opening ceremony this past week for its new office in Hangzhou, China, which featured the G20 summit last year and will host the 2022 Asian Games.
“With vigorous private enterprises, a growing science and… Read More>>
Hangzhou House-Buying Zombies Break Down Doors in Real Estate Frenzy
It may have seemed like an attack by the undead, but a crazed mob that tore the doors off a Hangzhou real estate office last weekend came in search of apartments, not human flesh.
When homes went on sale at… Read More>>
Blackstone Said Planning India’s First REIT and More Asia Real Estate Headlines
Crescendoing housing sales in Hong Kong and on the mainland dominate the headlines today with China’s government struggling to find ways to contain an asset bubble while continuing to fuel top-line economic growth. Leading the way, however, is the world’s… Read More>>
Vanke Beats 17 Rivals to Pay Record Price for Hangzhou Land – Then Backs Out
A joint effort by China Vanke, the country’s largest developer and Cinda Real Estate, a developer belonging to one of the country’s biggest asset managers, beat out 17 other bidders last week to offer RMB 12.3 billion ($1.87 billion) for… Read More>>
Kaisa Project Frozen in Hangzhou – More Cities Could Follow
Government bans on property sales are no longer confined to Shenzhen, as real estate developer Kaisa now sees its troubles spreading to other cities, and reports indicate that a Shanghai property developer has also had projects frozen.
According to a… Read More>>