East Asia is back to work today after playing pass the mooncake earlier in the week, and HNA Group found following the holiday that, along with the paste-filled pastries, investors have given the troubled mainland conglomerate a $10 billion mark-down… Read More>>
Shu Qi Sells $2.2M Hong Kong Home at a Loss and More Asia Real Estate Headlines
Movie star Shu Qi is a familiar face representing products from shampoo to long underwear in China, now the actress may become a symbol of Hong Kong’s sliding housing market as news of her loss-making home sale leads today’s headline… Read More>>
$100B Country Garden Malaysia Project in Doubt on Mahathir Warning
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>>
China Vanke Joins Tencent, Alibaba in RMB 10B CMC Deal and More Asia Real Estate Headlines
Still on the mend from a bruising takeover battle that transformed it into a state-owned entity mainland development giant China Vanke shows signs of expanding beyond its core business in putting buildings this week as it joins the country’s two… Read More>>
Malaysia’s EPF Buys Mall in Poland for $352M and More Asia Real Estate Headlines
Malaysia’s political transition dominated Asia’s political headlines earlier this month, and today the Southeast Asian nation is making waves with its real estate moves, as a government pension fund goes mall shopping in Poland, at the same time that the… Read More>>
Korean Proptech Startup Raises $9.3M and More Asia Real Estate Headlines
Proptech leads today’s news roundup, with a Korean real estate crowdfunding startup raising a pile of money in a record-breaking series A investment round. Also in the headlines, China Vanke and ZTE are set to move ahead on a Shenzhen… Read More>>
Mainland Bidders Pass on HK’s Priciest Site and More Asia Real Estate Headlines
Leading today’s headlines, a car park on Murray Road is expected to bring bids as high as HK$22 billion, but failed to bring interest from many of China’s biggest developers. Meanwhile up in Beijing, Malaysia’s prime minister works hard to… 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 Threatens Penalties for Defaulting Mainland Buyers at $100B Malaysian Project
Following media reports that Country Garden would give refunds to Forest City buyers caught up in China’s recent capital control measures, the Guangzhou-based developer has announced that buyers cancelling their purchases at the project in Malaysia’s Iskandar area would be… Read More>>