Asia real estate and outbound investment news
Shenzhen auctioned off five residential land parcels to a pack of 80 project-hungry developers on Monday, bringing in a total of RMB 22.4 billion ($3.2 billion) for southern China’s top tech hub.
The city’s first residential land sale of 2019… Read More>>
A pair of developers owned by Malaysian tycoon Robert Kuok have secured a prime mixed-use site in Singapore for S$700 million ($518 million), according to Singapore’s Housing and Development Board.
In the final round of a two phase tender, the… Read More>>
China’s second-tier cities may be in for a round of land price corrections in 2019, judging by a recent tepid land auction in Nanjing.
At an auction of six plots in the city of over eight million people this past… Read More>>
Investors in a finance unit of China’s troubled HNA may be hoping that the company manages its planes better than it has their money, after the defaulting finance provider began offering them airplane tickets in lieu of principal and interest…. Read More>>
The Shenzhen government late last month posted a public notice of its plans to sell a 181,000 square metre (1,948,267 square foot) site in the southern part of the city’s Nanshan district, that is expected to bring the local government… Read More>>
Restrictions on China’s real estate market have not completely snuffed out developer demand for new sites, as Beijing last week successfully sold a trio of suburban land plots, fattening the city’s coffers by a total of RMB 7.95 billion ($114.72… Read More>>
Hong Kong’s real estate market has been going vertical for more than two years, and a government auction for a site in the city’s loftiest residential area is expected to stoke competition among developers from across greater China hoping to… Read More>>
Shanghai put four commercial and residential land parcels up for tender this past week, making available new sites valued at a combined RMB 13.7 billion ($2 billion), across three districts of the municipality. The projects are expected to yield at… Read More>>
Shanghai’s government has awarded a deal for a RMB 50 billion ($7.9 billion) commercial complex — bigger than New York’s Grand Central Terminal — to a consortium of local state-run firms as the city prepares for yet another commercial hub… Read More>>
Another record-breaking plot of residential land sold in Hong Kong, although this time not to a mainland developer. Hong Kong’s Lands Department announced today that local champion The Wharf won a tender for a site in Kowloon Tong, a traditional… Read More>>
