Only a few weeks after holding a first close, Blackstone’s Real Estate Partners Asia fund has already started acquiring property companies in Asia, as Hong Kong-listed Tysan Holdings announced yesterday that it had received an offer of HK$2.5 billion (US$322… Read More>>
Dalian Wanda Announces 2 US$1Bil Hotels – Chairman Says Failure is Their Tuition
With two announcements of plans for billion dollar hotels during the month of June, China’s Dalian Wanda group is making clear that it intends to create its own global hotel brand.
The hotel investments include US$1.1 billion to develop a… Read More>>
2.98 Bil Sqm of New Housing Underway in China – and Developers Seem Scared
China’s largest real estate developer, Vanke announced last week that it sold 57 percent more homes in March 2012 than in the same month last year. And during the same week, number two developer, Poly Real Estate trumpeted that its… Read More>>