Anbang’s days as a major player in global real estate markets may be over, but the hangover from its buying binge is being felt in New York, as news today confirms that the now government-controlled Chinese insurer is moving ahead… Read More>>
Chinese Government Seizes Control of Anbang as Boss Charged with Fraud
The Chinese government now has direct control of the Waldorf Astoria hotel in New York, as the country’s insurance regulator formally takes over the hotel’s embattled owner, Beijing-based Anbang Insurance Group.
Anbang, which had scooped up the famed Manhattan property… Read More>>
China Home Sales Volume Drops to 35-Month Low and More Asia Real Estate Headlines
China’s home sales are falling to a new low, just as mainland developers face a wall of maturing debt. So it’s time for another policy change. Also in the news, Wharf is spinning off some of its core Hong Kong… Read More>>
Changi Airport’s Terminal 4 Welcomes First Flight and More Asia Real Estate Headlines
Travel dominates today’s real estate headlines as Singapore opens its much-anticipated fourth terminal at Changi airport, and Anbang kicks off its long-delayed renovation of the Waldorf Astoria. Elsewhere in the news, some of China’s richest people picked up another $44… Read More>>
Former HNA Shareholder Says He Was a Proxy and More Asia Real Estate Headlines
As China’s HNA tries to impose some clarity onto its famously opaque ownership, the company’s former major shareholder has revealed this week that he only held the shares as a favor to the real owners. Meanwhile Wanda boss Wang Jianlin’s… Read More>>
Tesla Chooses Shanghai for China Production Base and More Greater China Real Estate Headlines
Tesla is partnering with a government-owned business park developer to open a mainland production facility in Shanghai, Hong Kong’s central bank wonders if offering 120 percent mortgages might be risky, and two companies linked to questionable trading may not be… Read More>>
Anbang Planning to Convert More Than 70% of Waldorf Astoria to Condos
Anbang may be planning to convert 1000 of the 1400 hotel rooms in the legendary New York site into luxury condos after closing on their landmark acquisition over a year ago.
According to sources cited in Crain’s New York, Anbang’s… Read More>>
Hilton Group Plans 4 Waldorf Astorias in China – and more of Today’s China Real Estate Links | June 14, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
Hilton Worldwide announced that the company’s expansion in Asia Pacific through its luxury… Read More>>