Dalian Wanda boss Wang Jianlin has been forced to scale back his ambitions and sell off overseas and non-core assets in the past two years, but his flagship real estate operation still has more than twice the operating revenue of… Read More>>
Gaw Buys Singapore’s Robinson 77 From CLSA for S$710M
Gaw Capital Partners has closed on the acquisition of Robinson 77, an office building in Singapore’s Tanjong Pagar area, from a fund managed by CLSA Capital Partners, according to sources familiar with the transaction who spoke with Mingtiandi.
In the… Read More>>
HNA Sells Last Kai Tak Plot to Wheelock for HK$740M Loss
HNA Group has sold off its last piece of land in Hong Kong’s Kai Tak area at a HK$740 million ($94 million) loss, as the mainland conglomerate struggles to liquidate assets in a slowing market.
Hong Kong International Construction Investment… Read More>>
Ping An Spends RMB 4.2B to Boost Stake in Mainland Developer CFLD to Over 25%
Chinese financial giant Ping An has increased its stake in top ten mainland builder China Fortune Land Development (CFLD) to 25.25 percent, less than seven months after it acquired nearly one fifth of the group to become its second largest… Read More>>
HNA in Talks for Sale of Last Plot in Hong Kong’s Kai Tak
HNA Group is in talks to sell its fourth and final plot of development land at Hong Kong’s former Kai Tak airport, according to a company filing to the Hong Kong Stock Exchange, as the distressed mainland conglomerate attempts to bail… Read More>>
Singapore Office Rents Jumped 7.4% in 2018 as Supply Dried Up
Strong demand from tenants and limited supply of prime CBD space helped boost office rental rates in Singapore during 2018 by the largest amount in four years, according to new figures issued by the city government.
Office rental rates increased… Read More>>
Spaces Opens 20-Storey Co-Working Centre in HK’s Central District
Spaces, a co-working stablemate of flexible office giant Regus, has opened its fourth and largest location in Hong Kong, unveiling a 77,000 square foot (7,153 square metre) facility in the western end of Central district last week.
Spaces Sun House… Read More>>
Sunac Buys Pair of Shanghai and Beijing Projects From Oceanwide in RMB 12.6B Deal
Sunac China has agreed to buy a pair of projects in Shanghai and Beijing from competitor China Oceanwide Holdings in a deal valued at RMB 12.55 billion ($1.85 billion), according to a filing today to the Hong Kong stock exchange.
Hong Kong Wins Housing Misery Contest for 9th Straight Year
Hong Kong housing has been ranked as the least affordable in the world for a ninth straight year, according to the results of a survey published today by non-profit group Demographia.
The median home price in the Asian financial capital… Read More>>
SHK, Swire and Hang Lung Said to Square Off for RMB 4.7B Shanghai Site
Three of Hong Kong’s biggest developers are said to have made it to the final round of a competition for a rare site in Shanghai’s Jing’an district in a land auction set to end this week.
Sun Hung Kai Properties,… Read More>>
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