China’s government has made controlling its frothy real estate market a top priority in 2017, and authorities in Xi’an have taken this war on homebuying to a new level by shutting down sales of 12 projects belonging to the country’s… Read More>>
Kaisa Hires Disney, Wanda Veteran for RMB 80 Bil Theme Park Plan
Noble Coker traded in his mouse ears for a seat at Wang Jainlin’s Wanda, and now the amusement park expert is joining mainland developer Kaisa Group to help get its rollercoasters off the ground.
On April 21, Kaisa announced that… Read More>>
Shanghai Investors Asking S$210M for SG Tower Just 8 Months After Buying at S$125M
Mainland investors have gained a reputation for paying top dollar for real estate assets around the world, and now a Shanghai developer may be translating this same pricing strategy to its plan for selling an 11-storey office block in downtown… Read More>>
CapitaLand Names Three New CEOs for Singapore’s Largest Real Estate Group
Singapore-based CapitaLand announced five appointments on Tuesday, shaking up their top management in key positions that will take effect on May 1.
Ronald Tay Boon Hwee will be taking over as chief executive officer of CapitaLand Singapore, from outgoing boss Wen… Read More>>
GIC Makes Third Student Housing Deal of 2017 With $302M Sydney Buy
GIC has made its third major student housing investment of 2017 as the Singaporean sovereign wealth fund is said to have agreed to pay A$400 million ($302 million) to purchase a pair of Sydney student blocks from Frasers Property Australia and… Read More>>
Developers Compete for RMB 2B Site in Shanghai’s Xujiahui
Shanghai’s office market is said to be on its way to surpassing Hong Kong in size by 2020, and the rise in demand for land from developers eager to provide homes for the city’s fast growing finance firms, tech providers… Read More>>
Morgan Stanley to Sell $900M Stake in Hainan Resort to Agile Group
Morgan Stanley bought a 30 percent stake in Agile Group Holdings’ Hainan Clearwater Bay project back in 2008 and now the Guangdong-based developer wants it back.
The US-based investment giant had earlier this month notified Agile of its intent to… Read More>>
Cash-Starved LeEco Aims to Sell Off $424M Beijing Mall It Bought Last Year
With its $2 billion buyout of TV maker Vizio DOA, its CFO throwing in the towel and reports of missed payrolls at its Yidao Yongche ride hailing app, LeEco has had a rough month. And now entrepreneur Jia Yueting’s mainland… Read More>>
China Eases Capital Controls – But Not Very Much
In recent months China’s richest man lost out on a $1 billion Hollywood acquisition and hundreds of middle-class Chinese homebuyers have found themselves unable to make payments on homes in Malaysia and Melbourne. These financial mishaps were triggered at least… Read More>>
Penny Goh Takes Over as Chair of Keppel REIT Management
Keppel REIT Management is saying goodbye to long-time chair of the board Dr Audrey Chin Wei-Li, and hello to new chief, Penny Goh who’s soon to take the helm at the manager of the S$3.5 billion ($2.5 billion) Singapore-listed real… Read More>>
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