Shui On Land which developed one of China’s landmark real estate projects in Shanghai nearly two decades ago, has agreed to sell off a set of projects in Chongqing to China Vanke for RMB 4.1 billion ($598 million), according to… Read More>>
China Capital Controls Ending Aussie Investment Wave and More Asia Real Estate Headlines
China’s credit controls have been driving up prices for its domestic real estate, but might start having the opposite effect on the Australian market, according to a story in today’s headlines. Also in the news, Evergrande Real Estate continues to… Read More>>
When Donald Trump Sued Vincent Lo and Henry Cheng for $1 Bil
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>>
The Link REIT Buys Shui On’s Corporate Avenue Phase One for RMB 6.6 Bil
Hong Kong’s Link REIT may be a newcomer to the mainland China property market, but it quickly made up for lost time this week by purchasing Shui On Land’s Corporate Avenue phase one for RMB 6.6 billion ($1.063 billion).
The… Read More>>
Shui On Said Selling Corporate Avenue Phase 3 for RMB 3.57 Bil
For the second time in one week, Shui On Land is said to be close to selling a prime office project in Shanghai, this time for a reported RMB 3.57 billion ($575 million).
The project on the block this week… Read More>>
Shui On Said Selling Corporate Avenue One to HK’s Link REIT for RMB 7.4B
Cash-strapped developer Shui On Land is said to be close to concluding a deal to sell the first phase of its Corporate Avenue commercial complex in Shanghai for RMB 7.4 billion ($1.19 billion).
The buyer of the prime real estate asset is… 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>>
Trophy Property Fund Stake Sold to Partners Group as Investors Seek Exit
The saga of Trophy Property Development Fund, once the pride of one of China’s hottest fund managers, continued to unfold last week as 31 out of the $1 billion fund’s 145 limited partners unloaded their holdings to Partners Group.
The… Read More>>