China’s second-tier cities may be in for a round of land price corrections in 2019, judging by a recent tepid land auction in Nanjing.
At an auction of six plots in the city of over eight million people this past… Read More>>
Wanda Looks to Cash In on Red Tourism With $1.74B Communist Party Theme Park
Property conglomerate Wanda Group has announced the signing of an agreement with the municipal government of Yan’an, in the remote reaches of Shaanxi province, to build a Communist Party theme park in the city recognised as the birthplace of China’s communist… Read More>>
China’s State Council Loves Hello Kitty and Her $1.6B Pink Hainan Theme Park
Hello Kitty has officially climbed on board China’s official “reform and opening up” bandwagon, adding an animated Japanese element to the government’s much ballyhooed agenda for advancing socialism with Chinese characteristics.
China’s State Council even held a press conference to… Read More>>
China Home Price Growth Slows to Under 1% in November
Home prices in China’s largest cities continued to go into lock-down mode in November, according to data released over the weekend, as a months-long government crackdown continues to retard growth and snuff out sales.
Across 70 cities surveyed by China’s… Read More>>
GLP Unveils $1.2B Fund to Expand India Logistics JV IndoSpace
Indian warehouse developer Indospace announced the final close of what it says is the largest-ever logistics fund targetting India this past week, having raised $580 million in equity for the fund managed by the joint venture between Singapore’s GLP and Mumbai-based… Read More>>
IKEA Breaks Ground on $1.2B Mall and HQ in Shanghai
Ingka Holding BV, parent of the world’s largest home-furnishings retailer IKEA, has begun development on a $1.2 billion mixed-use development in Shanghai that the home furniture supplier says is its single biggest investment globally.
The Shanghai IKEA LIVAT centre, which… Read More>>
HK-Listed Developer Country Garden Elevates Yang Huiyan, China’s Richest Woman, to Co-Chair
The richest woman in China, Yang Huiyan, has plumped her gaudy profile even further, becoming co-chair of Hong Kong-listed Country Garden Holdings alongside her father, self-made tycoon Yang Guoqiang, or Yeung Kwok Keung as he is known in Hong Kong.
India’s 100 Richest Property Tycoons Worth 4% More than China Evergrande’s Xu Jiayin
India’s 100 richest real estate tycoons combined have more wealth than China’s richest property baron, China Evergrande Group chairman Xu Jiayin, but not by much.
A recent survey of India’s wealthiest property industry players finds that a set of one… Read More>>
Gaw Capital Sold Beijing’s Pacific Century Place to Local Fund for RMB 10.5B
Gaw Capital Partners is confirmed to have sold the Pacific Century Place project in Beijing for approximately RMB 10.5 billion ($1.53 billion) according to sources familiar with the transaction who spoke with Mingtiandi.
The Hong Kong-based private equity firm completed… Read More>>
ARA Enters US Market With Purchase of 38 Hyatt Hotels
Singapore-based real estate fund manager ARA Asset Management announced on Monday that it had purchased a portfolio of 38 Hyatt-branded hotels in the United States from a unit of Lone Star Funds at an undisclosed price, marking ARA’s first foray… Read More>>
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