Banks just across the border from Hong Kong have started lowering mortgage rates as quantitative easing starts seeping in China’s residential markets offering developers hope of a recovery after a year of tight monetary policy. Further south, the tiny city-state… Read More>>
Hong Kong’s Link REIT Buys Shenzhen’s Central Walk Mall for RMB 6.6B
Hong Kong’s Link REIT has acquired a shopping mall in Shenzhen’s Futian district for RMB 6.6 billion ($982 million) according to an announcement by the manager of Asia’s largest real estate investment trust late on Wednesday.
The REIT’s purchase of… Read More>>
Billionaire Shenzhen Real Estate Developer Said Detained in Graft Probe
Chinese property billionaire, Li Hua, is said to have been detained by authorities to assist in an investigation of a top Shenzhen official, according to local media reports.
Li, founder and chairman of Shenzhen-based Excellence Real Estate Group, was reportedly… Read More>>
Shimao Picks AS+GG as Architects for China’s Tallest Building
Developer Shimao Property Holdings has chosen a designer for its planned 700 metre (2,296 foot) tall tower in Shenzhen’s Longgang district, with Chicago-based firm Adrian Smith + Gordon Gill Architecture announcing earlier this month that it had won a competition… Read More>>
WeWork Teams with Gemdale for Shenzhen Project and Adds New China Partner
China state-owned Gemdale Properties and Investment has handed over one of its own co-working facilities to WeWork for conversion into a new centre for the co-working giant, as the two companies enter a revenue sharing agreement, according to a statement… Read More>>
KPF’s Lotte World Tower in Seoul Wins Super Skyscraper Title
The cloud-breaching Lotte World Tower in Seoul has been recognized as the best new skyscraper in the world, beating out Zaha Hadid Architects’ Generali Tower in Milan and 150 North Riverside Plaza in Chicago.
The tapered 555-metre, 123-storey glass and… Read More>>
Shenzhen Tech Hub Plans RMB 3.6B Land Sale
The Shenzhen government late last month posted a public notice of its plans to sell a 181,000 square metre (1,948,267 square foot) site in the southern part of the city’s Nanshan district, that is expected to bring the local government… Read More>>
HNA Announces RMB 1.39B Sale of Shenzhen Commercial Project
Continuing an asset disposal plan that aims to sell off as much as $11 billion worth of real estate by the end of 2019, HNA Infrastructure Investment Group, an affiliate of the troubled mainland transportation conglomerate, this week announced that… Read More>>
Overseas Chinese Town Buys Pair of Shenzhen Sites for RMB 4.2B
Hong Kong and Shenzhen-listed real estate developer Overseas Chinese Town Holding has purchased a pair of mixed-use sites in the centre of Shenzhen’s Bao’an district for RMB 4.2 billion ($605 million) at a government land auction on October 10th, according… Read More>>
Bangalore, Singapore and Shenzhen Lead Ranks of Top Tech Locations in Asia
Bangalore, Singapore, and Shenzhen lead a list of top locations for high tech companies to set up shop in Asia, according to a report released this week by property consultancy Colliers International.
The trio of cities representing mainland China, Southeast… Read More>>
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