Earlier this month US presidential candidate Donald Trump said China was “raping” the US with unfair trade practices, and now it has emerged that the New York real estate tycoon may have a history of hurling accusations at Chinese, including… Read More>>
Country Garden Buys Foshan Project from Shui On for RMB 1.7 Bil
Hong Kong-based developer Shui On Land continued to part with once-prized assets this month by selling a project in Foshan, Guangdong province to mainland developer Country Garden for RMB 1.73 billion ($267 million).
Shui On, which once rebuilt the concept… Read More>>
Greater China Real Estate People in the News 2016-03-07
There were too many new faces in new places this week to fit into this column, so the news about a regional real estate downturn doesn’t seem to have put a lid on new job opportunities in Greater China. This… Read More>>
Country Garden Says It Will Take Over Shui On Project in Foshan
Mainland developer Country Garden announced recently that it has signed a preliminary agreement with Shui On Land to buy a major stake in the Hong Kong-listed builder’s Foshan Lingnan Tiandi project in the southern Chinese city of Foshan. A report… Read More>>
CPPIB and Goodman Commit $1.25B for Logistics and More China Real Estate Headlines 2015-12-29
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
CPPIB and Goodman Commit $1.25B More for China Logistics
Canada Pension Plan Investment Board (CPPIB) and Australia-based integrated property firm Goodman… Read More>>
Shui On Selling Corporate Avenue 3 to HK Sauce Maker and Vanke for RMB 5.7B
Shui On Land parted with another jewel in its crown of downtown Shanghai assets yesterday when the Hong Kong-listed developer agreed to sell the Corporate Avenue 3 building to a unit of oyster sauce heavyweight Lee Kum Kee and developer… Read More>>
Xintiandi Developer Shui On Land Appoints Douglas Sung as CFO
Shui On Land announced today that it has appointed Douglas Sung He Hau as the Hong Kong-listed developer’s new chief financial officer, replacing interim CFO Frankie Wong Yuet Leung.
In a statement to the Hong Kong stock exchange dated today,… Read More>>
The Link REIT Signs $516M Club Loan to Fund Corporate Avenue Deal
Hong Kong’s Link REIT this week announced the signing of a HK$4 billion ($516 million) credit facility with seven major banks, as the real estate investment trust finalises arrangements for its $1.06 billion acquisition of a Shanghai commercial complex.
The… Read More>>
Yuan Depreciation Adds to Pressure on Chinese Property Developers
The Chinese yuan has fallen as much as 4.67 percent in the last week, and while the sudden change has been cheered by China’s exporters, it could be bad news for the country’s heavily indebted property developers.
After trading at… Read More>>
Shui On CFO Daniel Wan Resigns Amid Asset Sales
Daniel YK Wan has resigned from his post as chief financial officer for Shui On Land, as the highly geared Hong Kong-listed developer struggles to reignite investor enthusiasm.
Wan, who was also an Executive Director and Managing Director at the… Read More>>
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