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>>
Three Directors of Shenzhen Developer Arrested in Kingkey-Led Takeover
Three officers of developer Shenzhen Kondarl Group have been detained by Shenzhen police within the last week, according to announcements by the Shenzhen-listed real estate firm, following a five year conflict between the company’s founder and its second-largest shareholder, Kingkey… Read More>>
Aussie Brokerage Collapses in China as Cash Goes Missing and More Asia Real Estate Headlines
A case of missing money leads today’s real estate headlines as an Australian real estate brokerage tries to figure out what happened to its mainland marketing representative, who appears to have gone missing, along with millions of dollars in deposits.
HK Grabbed 80% of China’s Outbound Deals in Q2 and More Asia Real Estate Headlines
China has clear rules on shipping capital outside of the mainland market but one of the great mysteries of the country’s outbound investment drama is how these rules don’t seem to apply to neighbouring Hong Kong, as witnessed in a… Read More>>
HNA Said Selling Shenzhen Project to Tianji Wealth for RMB 1.6B
Continuing HNA’s ongoing series of asset sales, local media reports emerged today that the mainland conglomerate’s Hainan Airlines Real Estate unit is selling a mixed-use complex in Shenzhen for RMB 1.6 billion ($240 million).
The latest asset to go out… Read More>>
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