SOCAM, the property developer and construction materials company belonging to Hong Kong’s Shui On Group, this week sold off the Four Seasons Hotel and associated luxury apartments in Shanghai’s Pudong district for RMB632.5 million ($102 million) in cash, plus assumption… Read More>>
Blackstone Said to Acquire Shanghai Commercial Centre for RMB 5.3B
While investors such as Li Ka-shing may be fleeing China’s slumping real estate market, Blackstone is reported to be diving in deeper, as the US private equity giant is said to have purchased a Shanghai commercial complex this week for RMB5.3… Read More>>
Dalian Wanda to Spend RMB150B on Chongqing Resort and 28 More Malls
Asia’s richest man, Wang Jianlin, has committed to investing RMB150 billion ($24.2 billion) into Chongqing to build 28 new Wanda Plaza malls and add a theme park to the fast-developing southwestern Chinese city.
Wang’s primary holding company, Dalian Wanda Group,… Read More>>
HK Property Developer Goldin Properties Loses 41% of Value in One Day
The Hong Kong-Shanghai stock connect has helped drive the Hang Seng properties index up by nearly 17 percent since it opened in November, but now the cross-border equities link has helped to bring one developer down 41 percent. In a… Read More>>
Greenland Buys Ferrari Dealerships in Run Up to Stock Listing
Greenland Group, which already sells more homes than any other real estate developer in China, has decided to try its hand at marketing BMWs, Ferraris and Range Rovers too.
The state-owned developer is spending HK$1.5 billion ($193 million) to acquire… Read More>>
Singapore Govt Questions Feasibility of Chinese Development in Malaysia
The quantity of new homes being built in Malaysia’s Johor state, just across the border from Singapore, now exceeds the entire stock of privately owned housing in the entire city-state, according to a statement last week from a Singaporean government… Read More>>
Taiwan’s Cathay Life Buys London Building for $901M
A Chinese insurer made another record breaking real estate acquisition this week, but in the case of London’s Walbrook building the buyer didn’t come from the mainland.
Taiwan’s Cathay Life made its second major purchase of a UK office asset… Read More>>
Wang Jianlin Buys Monet Masterpiece for $20.1M
On May 5, Chinese property developer Wang Jianlin sent out a press release in five languages announcing that he had passed Li Ka-shing to become Asia’s richest man, after his fortune had increased to an estimated $36.2 billion.
In case… Read More>>
Greenland Group Breaks Ground on $922M London Housing Project
Greenland Group, which last year grew to become China’s largest real estate developer, started growing its business in the UK last week when it ground on a ₤600 million ($922 million) residential project.
The Ram Quarter project is one of… Read More>>
APAC Core Real Estate Funds Return 10.7% in 2014
Real estate funds focusing on core assets – mature properties in prime locations – achieved top financial results for regional investors in 2014, returning an average of 10.7 percent on their investments and outperforming higher risk opportunity funds.
For funds… Read More>>
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