Leading the real estate news today from around Asia, the mainland company that bought Darwin port in Australia three years ago now has won approval for a new luxury hotel next to the controversial port project. Also in the news,… Read More>>
Shanghai Cancels Four Land Sales Worth RMB 5.41B as Clampdown Deepens
Shanghai has cancelled four planned land sales worth a total of more than RMB 5.41 billion ($796.4 million) in less than a month, as restrictions on the country’s real estate market dampen developer demand for new sites.
No reason was… Read More>>
Vanke, China Merchants Shekou Pick Up RMB 6.2B in Shanghai Sites
Shanghai sold a pair of residential sites for a total of RMB 6.2 billion today as China Vanke and China Merchants Shekou swooped on the new projects in the city’s Qingpu District.
The set of transaction pave the way for… Read More>>
RMB 7.1B Hongkou Site Leads Set of Four Upcoming Shanghai Land Tenders
Shanghai put four commercial and residential land parcels up for tender this past week, making available new sites valued at a combined RMB 13.7 billion ($2 billion), across three districts of the municipality. The projects are expected to yield at… Read More>>
Vanke, China Resources Buy New Shanghai Sites as City Sells $2B in Land
The suburbs of Shanghai saw nearly RMB 13.05 billion ($1.99 billion) of residential land change hands this past week, as the city seeks to boost new apartment supply to bring relief to its housing-hungry population.
The nearly two billion dollar… Read More>>
CK Property To Miss 2016 Sales Target After Bumpy Year And More Asia Real Estate Headlines
Today’s headlines prove that even Superman stumbles from time to time, after Li Ka-shing’s CK Property announced it will fail to hit its sales target for this year. Also making news today, China Jinmao spends big to get its hands… Read More>>
Gemdale Sets High Mark for 2016 With RMB 8.8B Pudong Land Deal
Gemdale Corp has taken the title of China’s new ‘land king’ as the developer outbid more than 20 rivals to pay RMB 8.8 billion ($1.3 billion) for a 140,252 square-meter parcel of land in Shanghai last week.
The Shanghai-listed company’s… Read More>>
Fosun Preparing to Sell $6B in Assets and More Asia Real Estate Headlines
One of China’s biggest cross-border investors says it may try some divestment, although Guo Guangchang’s Fosun isn’t yet saying what assets it might put on the block. Also in the news today, Vancouver is already feeling the impact of a… Read More>>
Developers Paid Over $7.5B for Shanghai Land in First Half of 2016
The value of land sold in Shanghai totaled RMB 50.6 billion ($7.5 billion) in the first six months of this year with half of the plots fetching premiums double the auction minimums, underscoring the demand for land in China’s first-tier… Read More>>
New York Sets Macau Developer’s Bail at $50M and More China Real Estate Headlines 2015-10-17
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
New York Sets Macau Developer’s Bail at $50 Million
A federal magistrate judge in Manhattan set bail at $50 million on… Read More>>