Shui On Land, in a bid to pare its debts, is reported to have signed a memorandum of understanding with a buyer to sell off a 50 percent stake in its Ruihong Xincheng mixed-use project for RMB 8 billion ($1.16… Read More>>
Shanghai’s $15.1 Bil in Real Estate Transactions Tops in APAC for 2016
Shanghai ranked as the top city for real estate investment in Asia Pacific in 2016 thanks to a $3 billion surge in major transactions from the previous year, according to figures published by JLL.
The mainland financial centre ranked fifth… Read More>>
Singapore’s CDL Acquires Shanghai Commercial Project for RMB 900M
Singapore’s City Developments Ltd (CDL) has acquired a 32,000 square metre commercial project near Shanghai’s Hongqiao transportation hub in its second real estate investment in the mainland megacity in less than one month.
CDL’s wholly owned subsidiary, CDL China Limited… Read More>>
Google and NASA Team Up to Bring You 30 Years of Chinese Development in 30 Seconds
China’s development over the past 30 years has been one of the world’s biggest success stories, but has also been a series of changes that have been hard to appreciate if you haven’t live through it.
While there’s no time… Read More>>
Shanghai and Tianjin Hike Down Payments as Wang Jianlin Warns on Housing Bubble
Despite the attempts of China’s official statistics keepers to demonstrate the stability of the country’s housing market, local governments continue to tighten home buying measures as prices trend upward.
This week saw Shanghai and Tianjin strengthen recently implemented cooling measures… Read More>>
Grosvenor Flips Shanghai Mall to Joy City for $202M
Less than three months after selling a 49 percent stake in six of its existing mainland malls, Chinese retail developer Joy City has put some of its cash hoard to work buying a Shanghai shopping centre from the UK’s Grosvenor.
WeWork Founders Splash Down in Shanghai to Open China Flagship Centre
Shanghai’s fast-growing co-working scene got a touch of celebrity today when WeWork founders Adam Neumann and Miguel McKelvey visited the city to officially launch the office-sharing company’s China flagship location.
The co-founders of the $16 billion startup presided over a… Read More>>
Warburg Pincus-Backed KaiLong Leases SH Building to WeWork, Flips for RMB 500M
Buy a run-down hotel, fix it up for offices, lease to a co-working superbrand, and double your money by flipping the whole package to another fund. That simple recipe just helped Warburg Pincus-invested Kailong bring in a sum reported to… Read More>>
Ascendas REIT Exits China With Sale of Shanghai Biz Park To Vanke For $163.5M
China Vanke is now the proud owner of a Shanghai business park after agreeing to purchase A-REIT City@Jinqiao from Ascendas Real Estate Investment Trust for S$228.1 million ($163.5 million). The purchase will see the real estate investment trust controlled by… Read More>>
Shanghai’s Co-Working Scene Gets Naked at Xintiandi
The co-working wars in Shanghai are heating up with the opening of the flagship naked Hub at Xintiandi. The 4,500 square metre (48,500 square foot) center is the sixth naked Hub opened in the city over the last 12 months,… Read More>>
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