Mainland developer Country Garden announced recently that it has signed a preliminary agreement with Shui On Land to buy a major stake in the Hong Kong-listed builder’s Foshan Lingnan Tiandi project in the southern Chinese city of Foshan. A report… Read More>>
Greenland Group Proposes Deal for Brooklyn’s Biggest Office Building at Pacific Place
Greenland Forest City, a partnership between China’s second largest real estate developer and New York firm Forest City Ratner, is proposing to build Brooklyn’s biggest office tower, according to an outline plan presented to community representatives in New York last… Read More>>
Everbright Buys Wanchai Tower for $1.29B as Mainlanders Gobble Up Hong Kong
Mainland financial giant China Everbright announced late on Thursday that it has agreed to purchase the Dah Sing Financial Centre in Hong Kong’s Wanchai district for HK$10 billion ($1.29 billion), as Chinese giants continue to buy up real estate assets… Read More>>
Hong Kong Tops Ranks of World’s Most Expensive Offices
Hong Kong home prices may be coming down, but the city still ranks tops for the world’s most expensive office space, according to a report released today by property consultancy JLL.
Renting prime space in Hong Kong now costs an… Read More>>
Wang Jianlin Rents Out British Museum to Launch “The Wanda Way”
Not content to just be China’s richest man, Wang Jianlin now seems set on making himself a cultural icon, as the chairman of Dalian Wanda group this week rented out space in the British Museum to launch the English version… Read More>>
China Lowers Taxes, Blocks Land Sales in Attempt to Boost Housing Markets
China’s central government is aiming all of its bureaucratic weapons at the housing market in the early months of this year, to add some spark to one of the traditional engines of the mainland economy.
The latest evidence of this… Read More>>
Anthony Couse Named Asia Pacific CEO at JLL
Property consultancy JLL announced a top level leadership change today, naming Anthony Couse of the company’s Shanghai office as the group’s new CEO for Asia Pacific, effective June 1st of this year. Couse will replace JLL’s current regional head, Alastair… Read More>>
China Lowered Downpayments, But Will It Help Sell Homes in the Hinterland?
China made a major rule change regarding its housing market just before the spring festival holiday, lowering downpayments on purchases of new homes by first-time buyers from 25 percent to 20 percent, and from 40 percent to 30 percent for… Read More>>
PGGM Commits Another $160M to Redwood China Logistics Fund
Dutch pension fund manager PGGM has committed another $160 million to the Redwood China Logistics Fund just over one week after the fund’s parent firm merged with a mainland rival, as revealed in an exclusive report on Mingtiandi.
With this… Read More>>
Danish Life Insurer Said to Invest $200M in Morgan Stanley Asia Core Fund
Denmark’s largest private life insurer will be sending some of its crisp nordic krone over to Asia to invest in a new Asia Pacific real estate fund being set up by Morgan Stanley Real Estate Investing (MSREI).
According to accounts… Read More>>
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