India’s biggest retail deal of the year may also generate one of the country’s largest legal cases as Amazon says it is taking action against it local partner after Future Group entered into a $3.4 billion agreement with Reliance Industries.
Packer Sells Half of Crown Stake to Melco for $1.3B and More Asia Real Estate Headlines
Casinos lead the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that Australia’s king of gambling has given up a $1.3 billion chunk of his business to the son of Macau’s Godfather of Gambling, while… Read More>>
China Charging Crown Staff in Court and More Asia Real Estate Headlines
Court dates and innovation dominate today’s real estate headlines. Billionaire James Packer finds his staff headed to trial on gambling charges in China, while the owners of developers Great Eagle and Shui On will be asking a judge to help… Read More>>
Packer’s Crown Resorts Cashes Out of Macau and More Asia Real Estate Headlines
James Packer is one of the world’s best known gamblers, but even Australia’s casino king may have found the odds a bit too long in Macau, according to a story in the Wall Street Journal today. Also in the headlines,… Read More>>
Ontario Slaps 15% Tax on Foreign Buyers and More Asia Real Estate Headlines
Leading the news today, the rolling ball of Chinese hot money may need a new target soon after the Canadian province of Ontario followed the lead of Vancouver, Singapore and Hong Kong in placing a 15 percent duty on foreign… Read More>>
Evergrande Real Estate May Be Too Big to Fail and More China Real Estate Headlines
China’s most indebted real estate developer could be more dangerous dead, than it is alive, according to a recent research report. Plus, a New York senator defends the portrayal of Manhattan as a low-employment area, and Hong Kong luxury apartments… Read More>>
Chinese Billionaire Buys Home of Aussie Casino King James Packer for $51M
Australia’s fourth-richest man, James Packer, just sold his 3,345 square metre Sydney estate for a record $51 million to a property developer from southern China’s Guangdong province.
Packer, who runs the Crown Resorts casino group and is heir to one… Read More>>
Greenland Group Teams with Packer for Brisbane Casino Bid
China’s most aggressive overseas investor has teamed up with Australia’s second-richest man in a race to win the rights to a multi-billion dollar casino development in Brisbane, Australia. In a joint venture first reported on Friday, Shanghai’s Greenland Group plans… Read More>>