Asia Pacific real estate investment news and information
With its erstwhile owner ensconced in at Manhattan penthouse hurling insults at China’s ruling communist party, a Beijing office tower was sold for RMB 5.2 billion ($730 million) this week on a bad asset website operated by Alibaba’s Taobao.
Yu… Read More>>
A Beijing court has announced plans to auction off an office tower formerly owned by fugitive Chinese billionaire Guo Wengui on a bad asset website operated by Taobao according to a listing on the site belonging to Alibaba Group.
Pangu… Read More>>
Real estate tycoon Guo Wengui, who was accused in the press of using his connections with China’s security apparatus to bring down a Vice-Mayor of Beijing and have his rivals arrested, is now being sued for seemingly using his hardball… Read More>>
An ongoing scandal involving two powerful Chinese companies has already led to several detentions related to corruption charges, and this week it revealed how one of Beijing’s most prime locations was acquired for just RMB860 per square metre ($12.90 per… Read More>>
