Asia real estate and outbound investment news
State-owned mainland developer Overseas Chinese Town (OCT) has agreed to sell the Bulgari Hotel in Shanghai, as the indebted builder offloads an unprofitable project amidst plummeting revenues and a slow recovery in China’s tourism market.
Building materials maker Jiangsu Jinfeng… Read More>>
Shun Tak Holdings, the Hong Kong-based holding company of casino billionaire Stanley Ho is taking a gamble on a long-stalled Shanghai project, after leading a joint venture which acquired a half-stake in a site along Suzhou Creek, just a quick… Read More>>
US-based real estate developer Hines announced this week that its bid had been accepted for a 17,937 square metre site in downtown Shanghai, China, where it plans to develop a 156,000 square metre mixed-use project.
Hines bid of RMB 3.706… Read More>>
