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Alibaba Buys Intime Dept Store Chain in $2.6B Deal and More Asia Real Estate Headlines

2017/01/11 by Michael Cole Leave a Comment

After pulling customers out of China’s department stores, ecommerce giant Alibaba has decided to put some cash into the downtrodden retail segment, according to reports in the media this week. Also in the headlines today, Goldman Sachs gets bullish on… Read More>>

Evergrande Xu Jiayin

Evergrande China’s 2016 Sales King as Top Developers Boost Performance by 82%

2017/01/10 by Michael Cole Leave a Comment

Thanks to a year of super-charged real estate sales, Evergrande Group unseated 2015 champion China Vanke to become the mainland’s largest property developer by sales for 2016.

The shift in the top ranks of China’s homebuilders came as the three… Read More>>

xu-jiayin

Evergrande Spends $1.74B to Boost Vanke Stake to 14% and More Asia Real Estate Headlines

2016/12/01 by Michael Cole Leave a Comment

Pepto-Bismol might be the perfect Christmas gift for Vanke chief Wang Shi as the head of China’s largest developer may be getting a bit queasy over the prospect of one of his home town rivals joining the Vanke board. Also… Read More>>

Asia Real Estate People In The News 2016-11-28

2016/11/28 by Cheyenne Hollis Leave a Comment

While December isn’t always the most ideal time to start a new job, a few of Asia’s real estate professionals have taken up new roles prior to ringing in the new year. Sunac China has a new Executive Director to… Read More>>

sunac sun hongbin

Sunac Spends RMB 4 Bil on Stake in Chongqing Developer and More Asia Real Estate News

2016/09/22 by Michael Cole Leave a Comment

Mainland developer Sunac continued to dominate the headlines today, spending another 4 billion to buy a stake in a competitor, after buying 42 projects from Legend Holdings late last week. Also in the news, China’s largest sovereign wealth fund took… Read More>>

Sunac Sun Hongbin

Sunac China Agrees to Buy 42 Projects from Legend Holdings for $2.1B

2016/09/19 by Michael Cole Leave a Comment

Sunac China has agreed to buy substantial stakes in 42 real estate projects from investment firm Legend Holdings for RMB 13.7 billion ($2.1 billion) as the developer controlled by tycoon Sun Hongbin takes another swing at joining the big leagues… Read More>>

Sun Hongbin Sunac

Sunac Moves Forward on RMB 4.4B Deal to Acquire 7 Mainland Projects

2016/08/01 by Michael Cole Leave a Comment

Real estate developer Sunac China Holdings is asking for shareholder approval on a RMB 4.4 billion ($663 million) deal to acquire seven projects in six Chinese cities, including developments in Shanghai, Hangzhou and Shenzhen, from Hong Kong-based competitor Top Spring… Read More>>

John Lim ARA

Li Ka-shing’s ARA on the Hunt for Mainland Deals and More Greater China Real Estate Headlines

2016/05/21 by Michael Cole Leave a Comment

ARA Asset Management has $3 billion it could spend on deals, and is searching for opportunities in China, Australia and other locations. And new deals may be much in demand from one of China’s richest men as Dalian Wanda’s relisting… Read More>>

Wheelock chairman Douglas Woo

New HK Project Priced 10% Below 2nd-Hand Market and More Greater China Real Estate Headlines

2016/05/17 by Michael Cole Leave a Comment

Competition is rapidly bringing down Hong Kong’s housing prices as Wheelock is now offering discounts of nearly 20 percent on its new project. Meanwhile on the mainland, the housing recovery may be bailing out the broader economy, and a Chinese… Read More>>

Songjiang Shanghai

30 Developers Compete to Pay Double for Suburban Shanghai Land

2016/05/16 by Michael Cole Leave a Comment

A crowd of 30 mainland developers cast aside concerns of a government clampdown on Shanghai housing sales last week to stoke a bidding war for three pieces of land in the city’s suburbs, which ultimately sold for well above their… Read More>>

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