Country Garden’s massive 14-square-kilometre, $100 billion Forest City (森林城市) project in Johor, Malaysia may not be completed as planned following comments by Malaysian Prime Minister Mahathir Mohamad suggesting that foreigners will not be permitted to live in the new city…. Read More>>
HNA Pawns HK$506M Peak Mansion for Short-Term Loan and More Asia Real Estate Headlines
Hangovers suffered from China’s cross-border buying binge dominate the real estate news across the region today, with familiar players HNA, Country Garden and CCCC taking leading roles in some financial drama. A day after HNA reported the untimely death of… Read More>>
S P Setia’s $794M Buyout of I&P Group to Create Top Malaysian Developer
Property developer S P Setia said in an announcement on the Bursa Malaysia exchange that the company could pay around RM3.5 billion ($794 million) for I&P Group, creating one of the country’s largest real estate firms.
S P Setia –… Read More>>
Country Garden Closes Sales Offices for $100 Bil Malaysia Project Amid Capital Clampdown
China’s third largest developer has closed mainland sales offices for its largest overseas project as authorities in Beijing keep a tight grip on the country’s capital account.
Country Garden Holdings has shut the doors to sales offices in Shanghai and… Read More>>
Chinese Developers in JB Scare the Hell Out of SG and More Asia Real Estate Headlines
Wednesday’s headlines are here and they are all about perspectives. For instance, while Chinese developers see opportunity in the Malaysian city of Johor Bahru, Singaporean see potential doom. Meanwhile, private equity firm Oaktree looks at China’s bad loans and spots… Read More>>
Country Garden Expects $3 Bil in 2016 Sales From Malaysian Megaproject
One of China’s biggest builders is counting on a surge of sales from a $121 billion project it is building on a set of reclaimed islands between Malaysia and Singapore to bring in more than $3 billion in new sales… Read More>>
Shanghai Investor Buys Singapore Office Tower for Over $150M
An office building in downtown Singapore has sold to a mainland Chinese investor for more than S$210 million ($150 million), through acquisition of equity in the company that owns the freehold building near the city’s upscale Marina Bay commercial area.
Country Garden Restarts Work on Scaled Back $121B Malaysian Project
Chinese developer Country Garden is restarting work on a scaled back version of a residential real estate project in southern Malaysia’s Johor state after complaints from local citizens and the Singapore government.
Country Garden’s Forest City development was originally planned… Read More>>
Greenland’s $666M Project to Bring Snow and Opera to Malaysian Seaside
Shanghai-based Greenland Group is planning a RM2.4 billion ($666 million) mixed-use development in Malaysia’s Johor state, adding to a wave of projects by Chinese real estate developers in the area bordering Singapore.
The state-owned property firm’s 128-acre (52 hectare) Tebrau Bay Waterfront… Read More>>
Chinese Developers Muscling in on Singapore Inc’s Home Turf
On February 28th, China state-run real estate developer Greenland Group announced plans to invest RMB 20 billion (US$3.26 billion) to develop projects in Malaysia’s Danga Bay.
But amidst the press releases and media coverage, perhaps the biggest milestone went unannounced… Read More>>