Asia real estate and outbound investment news
After abandoning plans to renovate a Madrid landmark, Wang Jianlin’s Dalian Wanda Group has sold off the historic Edificio Espana at a loss equivalent to $75 million, according to a statement to the Hong Kong stock exchange last week.
Wanda,… Read More>>
Chinese billionaire and tycoon Wang Jianlin has a piece of advice for US president-elect Donald Trump in relation to his US-China policy.
“I just met with the chairman of Motion Picture Association of America and he was going to meet… Read More>>
Despite the attempts of China’s official statistics keepers to demonstrate the stability of the country’s housing market, local governments continue to tighten home buying measures as prices trend upward.
This week saw Shanghai and Tianjin strengthen recently implemented cooling measures… Read More>>
When Dalian Wanda acquired the $1.1 billion One Nine Elms project from the UK’s Green Property in 2013, it was supposed to be a launchpad for Wang Jianlin’s international ambitions. Unfortunately the London luxury real estate complex has been more… Read More>>
It may be the end of the week, but the news keeps rolling in. Today’s headlines include Chew Gek Khim-led Straits Trading Company flipping a Melbourne tower it acquired last year for $123 million, Xinyuan Real Estate buying land in… Read More>>
China’s richest man has a shiny, new $8.2 billion movie studio in Qingdao and hopes to lure big name filmmakers to use it by offering them a 40 percent production rebate. For Wang Jianlin, the goal is to transform his… Read More>>
Dalian Wanda Group is still licking its wounds after Tencent and Baidu walked away from the trio’s $3 billion ffan.com ecommerce joint venture in August. However, the conglomerate controlled by China’s richest man may not be quite ready to fold… Read More>>
Banking giant UBS walked away from the biggest privatisation ever on the Hong Kong stock exchange due to concerns over the structure of Wang Jianlin’s $4.4 billion buy-back of shares in Dalian Wanda Commercial Properties, according to a report in… Read More>>
When it emerged a few weeks back that Dalian Wanda was considering to buy Dick Clark Productions for $1 billion, it seemed like an odd arrangement. One is a Chinese mall developer founded by a former Army officer while the… Read More>>
Investors betting that the Singapore housing market had hit bottom got a rude surprise in today’s headlines, as home prices dropped by 1.5 percent in September from August. Also in the news, mainland authorities have singled out Evergrande and China… Read More>>
