Former Shui On Land CEO Freddy Lee Chun-kong is re-ascendant at tycoon Vincent Lo’s Shui On Group as SOCAM Development Ltd announced this week that Lee will take the helm of the Hong Kong-listed company as Chief Executive Officer on… Read More>>
Shui On’s SOCAM Ready to Flip Kowloon East Ginza Building for HK$386M
Vincent Lo’s SOCAM Development Limited is ready to sell off a commercial building in Hong Kong at a nearly 12 percent mark-up over what it paid to acquire the Kowloon East asset just six months ago, according to an announcement… Read More>>
Floor in 9 QRC Sold for HK$600M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, grade A offices in Central continue to attract buyers despite the current downturn, with a floor in 9 Queen’s Road Central having sold for HK$43,662 per square foot. Meanwhile Shui On’s Vincent Lo… Read More>>
Shui On Sells Dalian Tiandi to Yida China in $701M Deal
Shui On Land is selling off its mixed-use Dalian Tiandi project to a Chinese business park builder in a deal totalling RMB 4.65 billion ($701 million), marking the latest in a seemingly endless series of asset sales by the developer… Read More>>
Rayman Tseng Joins JLL as Managing Director for Wuhan
JLL has brought on board former Shui On Group executive Rayman Tseng as Managing Director for the property consultancy’s operation in Wuhan.
Prior to taking on leadership of JLL’s office in the central China city of 9.8 million people, Tseng… Read More>>
Asia Real Estate People In The News 2016-11-22
While Americans will celebrate Thanksgiving this week, it’s not just those in the US who have reason to be happy. Many of Asia’s real estate professionals also have cause to be thankful. Vincent Lo will surely thank Raymond Wong for… 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>>
Vanke Shares Drop 14% as Trading Resumes and More China Real Estate Headlines 2016-01-06
China’s stock markets stablised yesterday, perhaps with a bit of help from the National Team, but that didn’t prop up shares in China Vanke which resumed trading today. There are also signs this week of two more Hong Kong developers… Read More>>
SOCAM Sells Shanghai Four Seasons Hotel for RMB2.3B
SOCAM, the property developer and construction materials company belonging to Hong Kong’s Shui On Group, this week sold off the Four Seasons Hotel and associated luxury apartments in Shanghai’s Pudong district for RMB632.5 million ($102 million) in cash, plus assumption… Read More>>
Socam Slashes Chengdu Prices by 30% in Scramble for Cash
Socam Development, an affiliate of Shui On Land cut prices by 30 percent at a housing project in central Chengdu last week as the troubled real estate company struggles against slumping sales and falling prices.
According to local media reports,… Read More>>