Struggling developer Sunac China Holdings has agreed to sell its majority stake in a sprawling indoor ski resort project in Shenzhen for RMB 3.6 billion ($509 million), two years after teaming up with a government-backed builder to purchase the site.
Asia Real Estate People in the News 2022-11-21
A change in chairman at a mainland China property management firm leads this week’s roundup of human resources shifts here on Mingtiandi, with a new tech focused partnership in Hong Kong also making the list. Other moves include a director… Read More>>
Developers Team with Financial Partners to Bid Up Shanghai Land
Shanghai home prices hit a new high in May, and developers reacted by bringing in extra financial muscle to win the first land sales of June in China’s commercial capital.
China Resources Land teamed up with state-owned investment conglomerate Huafa Group… Read More>>