International property consultancy JLL is selling its India residential brokerage arm to former India head Anuj Puri. Puri, who left the firm on 28 February, has worked closely with the JLL India and Asia Pacific leadership teams to complete the… Read More>>
CDL Beats Out Mainland Rivals to Win S$370M SG Site and More Asia Real Estate Headlines
Leading today’s news, most of the bidders for a site on Singapore’s upper east coast were from China, but a locally built champion won the rights to build 715 apartments to the island nation. Meanwhile, down in Sydney, Shanghainese developer… Read More>>
Kaisa Hires Disney, Wanda Veteran for RMB 80 Bil Theme Park Plan
Noble Coker traded in his mouse ears for a seat at Wang Jainlin’s Wanda, and now the amusement park expert is joining mainland developer Kaisa Group to help get its rollercoasters off the ground.
On April 21, Kaisa announced that… Read More>>
Asia’s Richest Woman Gets Ready for New York IPO and More Asia Real Estate Headlines
Leading today’s news, Asia’s richest woman could get wealthier still, thanks to an upcoming $200 million New York IPO for developer Country Garden’s education affiliate. Also in the headlines, a site along Hong Kong’s West rail line draw 35 expressions… Read More>>
Li Ka-shing Wraps Up Biggest Overseas Deal Ever and More Asia Real Estate Headlines
At the top of the news today, One of Hong Kong’s biggest property developers has won out in his attempt to buy an Aussie power company, a top 10 mainland homebuilder broke $1 billion in operating profit by the end… Read More>>
Morgan Stanley to Sell $900M Stake in Hainan Resort to Agile Group
Morgan Stanley bought a 30 percent stake in Agile Group Holdings’ Hainan Clearwater Bay project back in 2008 and now the Guangdong-based developer wants it back.
The US-based investment giant had earlier this month notified Agile of its intent to… Read More>>
Cash-Starved LeEco Aims to Sell Off $424M Beijing Mall It Bought Last Year
With its $2 billion buyout of TV maker Vizio DOA, its CFO throwing in the towel and reports of missed payrolls at its Yidao Yongche ride hailing app, LeEco has had a rough month. And now entrepreneur Jia Yueting’s mainland… Read More>>
Ontario Slaps 15% Tax on Foreign Buyers and More Asia Real Estate Headlines
Leading the news today, the rolling ball of Chinese hot money may need a new target soon after the Canadian province of Ontario followed the lead of Vancouver, Singapore and Hong Kong in placing a 15 percent duty on foreign… Read More>>
China Eases Capital Controls – But Not Very Much
In recent months China’s richest man lost out on a $1 billion Hollywood acquisition and hundreds of middle-class Chinese homebuyers have found themselves unable to make payments on homes in Malaysia and Melbourne. These financial mishaps were triggered at least… Read More>>
Land Sales Jumped 50% in China’s Largest Cities During Q1
With China home prices at record levels in many of the country’s largest cities, residential land supply in first-tier cities in China – such as Beijing, Shanghai and Guangzhou – increased by over 50 percent from the same period a… Read More>>
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