A disgraced property tycoon leads the way in Mingtiandi’s roundup of real estate headlines today with the news that, nine months after completing a prison sentence for bribery, the real estate mogul is returning to the family business.
Blackstone-Embassy India REIT IPO 2.5 Times Subscribed and More Asia Real Estate Headlines
India, Hong Kong and Singapore all had their own happy stories today, leading with the Blackstone-Embassy REIT being oversubscribed on the last day of its IPO. In Hong Kong, the city’s biggest developer saw its former co-chairman released from jail… Read More>>
Seven of Hong Kong’s Ten Richest People are Real Estate Developers and They Own Half the City
Seven of Hong Kong’s ten wealthiest people and almost half of the city’s top billionaires made their fortunes in real estate, according to the latest annual ranking of the city’s 50 richest people by Forbes.
Thanks to a roaring real… Read More>>
Anbang Confirms Wu Unable to Fulfill Duties and More Asia Real Estate Headlines
China continues to be a centre for market excitement this week as Anbang Insurance confirms that its chairman is no longer available, on the same day that reports surfaced of Wu Xiaohui’s detention. Also in the news, Chongqing champion CC… Read More>>
Packer’s Crown Resorts Cashes Out of Macau and More Asia Real Estate Headlines
James Packer is one of the world’s best known gamblers, but even Australia’s casino king may have found the odds a bit too long in Macau, according to a story in the Wall Street Journal today. Also in the headlines,… Read More>>
12 of the World’s 20 Richest Real Estate Tycoons are Chinese
Real estate is good business in most parts of the world, but nowhere is the property business a better place to build wealth than in Asia, according to a recent survey.
The recently released Forbes Rich List, the annual compendium of… Read More>>
Five Out of Ten Biggest Chinese Fortunes Come from Real Estate
Forbes China just released its 2014 Rich List, detailing the fortunes of the 290 richest Chinese tycoons, and found that five out of the top ten fat cats come from the real estate sector, with two more owning development companies.
