Asia Pacific real estate investment news and information
Hong Kong’s New World Development has become the latest builder to bet big on the Shenzhen market following a record-breaking real estate run in China’s southernmost megacity.
The Hong Kong developer’s New World China Land subsidiary on Thursday successfully bid… Read More>>
While activists took to the streets to protest Beijing’s move to reinterpret city law and ban two elected officials from retaking their oaths to join the legislature, the Hong Kong government is protesting home prices which rank as the world’s… Read More>>
The founder of one of Asia’s largest property empires passed away last week leaving behind a $15 billion fortune gathered over nearly 50 years in the region’s real estate industry.
Cheng Yu-tung, who founded New World Development in 1970, and… Read More>>
This week sees a flurry of new financial reports from the region’s property developers, with 2016’s winners and losers rapidly being sorted out. Also, a Blackstone joint venture in India announces plans for $745 million in office investments, while New… Read More>>
China’s retail space glut is at least bringing consumers more entertainment options as mall operators turn to giant slides and other attractions to fill empty shopping centres. In the residential market one of the major credit agencies is pointing to… Read More>>
Mainland tourists may not make themselves welcome everywhere they go, but Hong Kong’s malls seem to be missing the Renminbi-carrying shopping hordes in 2016. Plus, New World Group turns from art to kid stuff to pull in visitors for their… Read More>>
China’s stock markets stablised yesterday, perhaps with a bit of help from the National Team, but that didn’t prop up shares in China Vanke which resumed trading today. There are also signs this week of two more Hong Kong developers… Read More>>
Markets appear to have calmed down after China’s real estate shares lead a mainland market decline that spooked the world yesterday. Today, however, Blackstone believes China may surprise the world with slower than expected growth and much more. All the… Read More>>
Evergrande Real Estate, one of China’s largest developers – and its most indebted – shocked the market today by announcing that it was acquiring seven mainland projects from Hong Kong’s New World Group for a total of RMB 20.4 billion… Read More>>
Evergrande Real Estate saw its stock hammered for the second time in one month after the Guangzhou-based developer bought four residential projects in China’s second-tier cities last week for $2.1 billion.
Shares in Evergrande slid nearly seven percent on the… Read More>>
