The sovereign wealth fund of Australia’s government chips in to support US developer Greystar’s $1 billion student housing buy, with that Down Under partnership leading today’s headline roundup. Also on the list, e-commerce giant Alibaba steps away from offline stores… Read More>>
IKEA Opens $1B Shanghai Shopping Mall and More Asia Real Estate Headlines
Swedish furniture giant IKEA cuts the ribbon on its new Shanghai mall, with that story leading today’s headline roundup. Also making the list, WeWork’s India exit plan goes awry and a tender for Singapore’s Roxy Square ends with no bids.
Ikea Announces $864M China Investment Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, furniture giant Ikea pledges a substantial investment in China over three years, and Guangzhou takes cues from the central government with a planned relaxation of mortgage rules. Also, several Chinese banks are reportedly… Read More>>
Ikea Branches Out Into Housing With New China Centre and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, retail giant Ikea has gone from selling furniture for your new apartment to selling you a home too as the Swedish firm launches residential sales at a mixed-use project in the capital of… Read More>>
Ingka Centres to Spend $759M Developing India’s First IKEA-Anchored Mall
A sister firm of IKEA is the latest global player to bet big on growth in India after buying a land parcel near Delhi for development into a mall anchored by the big-box retailer.
Ingka Centres, which develops shopping complexes… Read More>>
AA REIT Completes $94M Singapore Industrial Buy and More Asia Real Estate Headlines
Warehouses lead Mingtiandi’s first headline roundup of the week with a Singapore-listed REIT closing on its purchase an industrial asset in the city’s Jurong area after agreeing to buy the property during August.
Also, in the news is a… Read More>>
Li Ka-Shing’s CK Asset Sells Chengdu Project for $1B and More Asia Real Estate Headlines
China’s housing market has heated up after an extended dry spell, and with developer appetites for land surging, Hong Kong’s Li Ka-shing has decided to sell off a mixed-use project in Chengdu while the sun is still shining.
In less… Read More>>
Ikea Shuts Down China Shops Amid Virus Fears and More Asia Real Estate Headlines
Ready-to-assemble furniture leads the way in Mingtiandi’s roundup of Asia real estate headlines with the news that the world’s largest retailer of flat-packed tables and chairs has temporarily closed all of its stores in China amid the coronavirus outbreak.
In… Read More>>
IKEA to Invest RMB 10B in China Operations
Sweden’s IKEA will plough RMB 10 billion ($1.41 billion) into its China operations in the upcoming 2020 fiscal year, in a bid to upgrade and expand its store network and boost its e-commerce offerings in the country.
The planned investment… Read More>>
Credit Suisse Says Trade War Will Hurt HK Market and More Asia Real Estate Headlines
Hong Kong home prices lead the way in Mingtiandi’s roundup of Asia real estate headlines today with a Swiss investment bank warning that US-China tensions will start to bite, while trade tariffs prompt several major hotel groups to double down… Read More>>