Asia real estate and outbound investment news
China’s largest property listings website, Beike, announced that its founder and chairman, Zuo Hui, died Thursday after an unexpected worsening of illness. He was 50 years old.
Zuo, who started Beijing-based property agency Homelink (Lianjia in Chinese) in 2001 and… Read More>>
Once a step away from controlling China’s largest property developer, Baoneng Group’s Foresea Insurance is now on the brink of default, according to an account in the FT today. Also in the news, Blackstone warns of an end to a… Read More>>
Popping up in today’s headlines, HNA is the latest Chinese dealmaker to grab the attention of the New York Times, who look into how a privately held company gets a $60 billion line of credit from government banks. Also in… Read More>>
The value of land sold in Shanghai totaled RMB 50.6 billion ($7.5 billion) in the first six months of this year with half of the plots fetching premiums double the auction minimums, underscoring the demand for land in China’s first-tier… Read More>>
In a significant sign of growing confidence among China’s real estate developers, Vanke and six other developers combined to purchase several parcels of land for more than RMB 8.87 billion between September 5th and 7th. The purchases were made in… Read More>>
