Asia Pacific real estate investment news and information
China’s Evergrande Real Estate set a new record for acquisition of a Hong Kong office building last week by purchasing the Mass Mutual Tower in Wanchai from Joseph Lau’s Chinese Estates for HK$12.5 billion ($1.61 billion).
The sale of the… Read More>>
Mainland insurer China Life Insurance set a new record for purchase of a commercial property in Hong Kong’s Kowloon area by purchasing two buildings currently under development at Wheelock and Company’s One Harbourgate complex for HK$5.86 billion ($755 million).
The… Read More>>
After years of stories of Chinese farmers being forced off their land for new real estate projects locals in eastern China’s Anhui province appear to have turned the tables against at least one developer, after repurposing a failed housing project… Read More>>
Houston-based developer Hines celebrated its latest milestone in China on Thursday by holding the topping out ceremony for an office project in Shanghai’s Jing An district, which it announced will be named “One Museum Place.”
Now structurally complete, the 54-storey… Read More>>
In an internal memo seen today by Mingtiandi, real estate agency CBRE announced a new management structure for its China operations, under North Asia President Ben Duncan.
The new structure coincides with the premature departure of the company’s China president… Read More>>
Dalian Wanda’s Wang Jianlin this year regained his spot on top of a list of China’s wealthiest people, with the country’s ten richest real estate tycoons boasting total assets of nearly $74 billion, according to the annual Forbes China Rich… Read More>>
Speaking at Harvard University on Thursday China’s richest man, Wang Jianlin, admitted that close relatives of Chinese president Xi Jinping had been shareholders in Dalian Wanda, but credited the commercial property developer’s success to its innovative business model and management… Read More>>
Ping An Insurance Group, one of China’s five largest insurers, this week became the first major Chinese cross-border investor in the logistics real estate market by committing as much as $1 billion to a joint venture warehouse investment platform in… Read More>>
China’s biggest US acquisition ever could be on the way soon, as three mainland entities are said to have submitted proposals to acquire Starwood Hotels and Resorts Worldwide, with the New York Stock Exchange-listed company currently valued at nearly $12… Read More>>
China’s central bank acted decisively on Friday to pump more credit into the nation’s economy in the face of recent economic data indicating that the nation’s economy is slowing faster than the government has planned.
The People’s Bank of… Read More>>
