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>>
China Overtakes Singapore as Top Investor in Malaysia
China, accounting for 46 percent of total real estate investment in Malaysia over three years, has overtaken Singapore to become Malaysia’s number one investor, according to a new report from Cushman & Wakefield.
Thanks to some aggressive incentives from the… 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>>
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>>
Malaysia Grants Tax Breaks to $121B Country Garden Project in Iskandar
Chinese developer Country Garden Holdings announced this weekend that its $121 billion Forest City project in Malaysia’s Iskandar region had been granted duty-free status by the Malaysian government, as the mainland home builder works together with the Malaysian authorities to… Read More>>
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