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>>
Ucommune Builds Shenzhen Foothold With WeDo Acquisition
After achieving notoriety for having a name that may have too closely resembled the world’s biggest co-working operator, the Beijing-based shared office startup formerly known as UrWork now appears to be imitating the eating habits of Pac-Man as it feasts… Read More>>
Chinese Investors Bounce Back in Australia and More Asia Real Estate Headlines
Leading today’s news, Chinese capital is reportedly on the rebound in Sydney. Also, in the headlines, Hong Kong’s Great Eagle seems to be creating America’s first politically aligned hospitality brand, and Shenzhen condo projects are going rental as China looks… Read More>>
Coming Out Party for Shenzhen Mall is Latest Step in Vanke Retail Expansion
China Vanke may have lost its founder and CEO last week, but the country’s second-largest developer by sales is also flexing its muscles in the retail property market.
After leading a $1.9 billion acquisition of the Blackstone-controlled mall platform SCP… Read More>>
Shenzhen Govt Firm Teams with Road King to Buy $406M Hong Kong Site
The Shenzhen government’s largest listed real estate firm has made its first foray across the border, buying a residential site in the New Territories for HK$3.17 billion (US$406.2 million) in a joint venture with affiliated Hong Kong firm, Road King… Read More>>
Kaisa Hires Disney, Wanda Veteran for RMB 80 Bil Theme Park Plan
Noble Coker traded in his mouse ears for a seat at Wang Jainlin’s Wanda, and now the amusement park expert is joining mainland developer Kaisa Group to help get its rollercoasters off the ground.
On April 21, Kaisa announced that… Read More>>
Ping An Finance Center Now China’s Second Tallest
Ping An Finance Center, a 599-metre (1965-foot) skyscraper in Shenzhen is now officially China’s second tallest building. The Kohn Pedersen Fox-designed megatall in the city’s Futian district now ranks just behind the 632-metre Shanghai Tower among the mainland’s loftiest erections,… Read More>>
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