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>>
Exclusive: HK’s Pamfleet Checks into Co-Living for First Mainland Deal
Hong Kong real estate investment house Pamfleet has landed its first deal in mainland China, signing an agreement with Hong Kong-listed Deson Development International last week for a RMB 82 million ($12.26 million) joint venture residential project, according to a… Read More>>
Fears of China Retail Slide? Keppel Land Buys New Shanghai Mall for $75 Mil
Keppel Land China still sees some value in China’s much-maligned retail real estate sector – agreeing last week to purchase a newly completed mall in suburban Shanghai for RMB 500 million ($74.9 million).
The acquisition by the Singaporean real estate… Read More>>
Shanghai Home Prices Now Up 31% in 12 Months as Housing Fever Rages
Home prices in Shanghai, including government subsidized housing, rose by 4.4 percent last month, according to figures released by the National Bureau of Statistics. Prices in the city have risen 31.2 percent in the past 12 months as the government’s stimulus… Read More>>
Chongbang Buys Out Keppel and Alpha Stake in Shanghai Complex for $517M
Shanghai-based Chongbang Group has agreed to pay Keppel Land China and Alpha Investment Partners a combined $516.9 million to buy back an 80 percent stake held by the two Singaporean investors in the Life Hub@Jinqiao project in Shanghai’s Pudong District…. Read More>>
Carlyle to Sell Shanghai’s Central Plaza to Vanke for $369 Mil
China Vanke plans to buy the Central Plaza office tower in Shanghai from Carlyle Group for RMB 2.46 billion ($368.94 million), according to media reports. Should the deal be completed it would be the third time the building has changed… Read More>>
Shanghai Could Require 50% Downpayments and More Asia Real Estate Headlines
Home prices are hitting new records in Shanghai and the government seems to be unhappy. The result for homebuyers could be minimum 50 percent down-payment levels and the upshot for developers could be lower demand for housing. Plus, China’s biggest… Read More>>
Shanghai’s New Land King Ready to Sell Zhabei Homes at RMB160k/SQM
A little-known developer made a big splash in Shanghai this week by paying the highest price ever for land in China’s most expensive city.
Fujian-based Ronshine China Holdings is China’s new land king after beating out 17 rival bidders to… Read More>>
Future Land Plans to Sell Hongkou Homes for RMB 120K/SQM
Hong Kong-listed Future Land Development plans to sell high-end units at its new project in Shanghai’s Hongkou district for RMB 120,000 per square meter, representing more than a 20 percent premium over current selling prices in the area.
“There is… Read More>>
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