Hong Kong real estate developer Sun Hung Kai informed the city’s stock exchange today that the company’s chief financial officer, Patrick Chan Kwok-wai, will not seek re-election to the board of directors next month, and is resigning from his duties… Read More>>
Two China Projects Win Top Awards at ULI Event
New urban projects from both Shanghai and Chengdu were recognised as world leaders in property development today when Sino-Ocean Taikoo Li Chengdu and the Jing An Kerry Centre both won top awards at an industry event in the US.
Sino-Ocean… Read More>>
Nike, Versace and Calvin Go Outlet in Guangzhou as Retail Park Opens
TH Real Estate, the property division of investment giant TIAA-CREF, announced late this week that it had opened its third outlet mall in China, as rising consumption on the mainland continues to drive retail growth.
The 118,000 square metre (1.3… Read More>>
Gemdale Buys Shanghai Site for Record Price
State-owned developer Gemdale Group beat out 16 competitors to pick up a residential site in Shanghai’s Jiading district for RMB 2.01 billion ($315 million), setting a new record per square metre for housing in the suburban area.
Gemdale’s bid was approximately… Read More>>
China’s Greenland Group Takes Aim at Japan with Investment Deal
One of China’s most prolific overseas real estate investors appears intent on adding another country to its portfolio as Greenland Group announced an investment deal with one of Japan’s largest financial conglomerates this week.
Shanghai-based Greenland said in a statement… Read More>>
HK Tycoon Henry Cheng Plans £8.4B London Luxury Project
Henry Cheng, chairman of Hong Kong’s New World Development, won approval this week to build 15,000 new homes in London as part of a £8.4 billion ($13 billion) project.
Cheng’s proposal for redeveloping London’s Greenwich Peninsula was given the go-ahead… Read More>>
Mingtiandi Launches China Retail White Paper in Shanghai
China’s leading source of real estate intelligence today launched its first in-depth exploration into the future of China’s retail industry at a press conference in downtown Shanghai.
The 52-page white paper by Mingtiandi, China Mall 2020, examines the potential… Read More>>
Hongkong Land Inks Deal for 210,000 Sqm Project in Shanghai’s Qiantan
Hongkong Land this month became the latest international developer to sign up for a major commercial project in Shanghai’s Qiantan area, as the city government’s latest pet project rapidly transforms into a major construction hub.
The 126-year-old listed builder on… Read More>>
Glorious Coughs Up Coupon Payment After Creditors Interview Lawyers
Glorious Property, the Shanghai-based real estate developer that missed missed debt payments repeatedly this year, has made good on a coupon obligation after bond holders sought legal advice, according to media reports.
The property firm belonging to troubled tycoon Zhang… Read More>>
Glorious Property Misses Payments on $1.02B in Debt
Hong Kong-listed real estate developer Glorious Property could become the latest victim of China’s property crunch after the mainland builder disclosed last week that its revenues had dropped 85 percent this year and it had failed to make payments on… Read More>>
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