Board moves at top developers lead Mingtiandi’s collection of real estate personnel updates from around the region this week, as Singapore-listed Guocoland names a new independent director and the Hong Kong-listed branch of China Poly Real Estate introduces a new… Read More>>
New World to Invest $732M in Guangzhou Project and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Hong Kong’s New World Development sets sights on its biggest-ever project in China, private equity titan Blackstone picks up a pair of assets in India, and Singapore’s GLP forms a logistics investment partnership… Read More>>
Shop King Buying 3 Retail Units for HK$1B and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, “Shop King” Tang Shing-bor has braved the property market downturn to buy a trio of retail properties for $HK1 billion ($130 million), while an investor consortium is said to have backed out of… Read More>>
Poly Wins Site in Shanghai’s Minhang District for RMB 2.5B
Guangzhou-based Poly Developments and Holdings has agreed to pay RMB 2.5 billion ($355 million) for a combined residential and commercial site in Shanghai at a government auction, according to an announcement by the Shanghai Land Exchange.
The state-owned developer won… Read More>>
China Resources Land, Poly Developments Win Kai Tak Site for HK$12.9B
Hong Kong’s Lands Department announced on Wednesday that a joint venture between China Resources Land and Poly Developments won a tender for the second-biggest parcel of land on the runway of Hong Kong’s former Kai Tak airport for HK$12.9 billion… Read More>>
China Poly Buys Residential Site in Shanghai’s Yangpu District for RMB 4.2B
Guangzhou-based Poly Developments and Holdings, formerly known as Poly Property Group, has won a Shanghai residential site for RMB 4.179 billion ($621 million) at a government auction, according to an announcement by the Shanghai Land Exchange.
The winning bid by… Read More>>
32% Growth Helps Country Garden Lead China’s Top 10 Developers for 2018
Country Garden Holdings was China’s top developer in 2018, as measured by sales contracts, maintaining its hold on the top spot for the second consecutive year in a year marked by consolidation among mainland developers.
The Guangdong-based builder chaired by… Read More>>
Poly Property Agrees to HK$1.56B Bail-Out of Hong Kong’s Hsin Chong
A unit of mainland conglomerate Poly Group has agreed to provide a HK$70 million ($8.92 million) transitional loan to insolvent Hong Kong construction and real estate firm Hsin Chong Group, as well as to invest at least another HK$1.56 billion… Read More>>
Poly Spent RMB 10.1B on Mainland Sites in One Day and More Asia Real Estate Headlines
While the number of bids for mainland housing sites seems to be falling off the map, it’s clear that some of the biggest developers still have cash for sites after state-owned Poly spend nearly $1.5 billion to buy a pair… Read More>>
China Shut Down RMB 5.4B in Developer ABS Issues in July
Mainland stock exchanges have suspended or terminated at least six asset-backed securities (ABS) issuances worth more than RMB 5.4 billion ($798 million) so far this month, igniting fears that authorities have broadened their clampdown on financing for Chinese real estate developers… Read More>>
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