Dalian Wanda’s story in the last year has been a cascade of woe as the one-time world-beating investor has sold off projects in the UK, Australia and China due to a mix of regulatory and financial pressures.
However, a recently… Read More>>
Colliers Acquires SIP Group to Expand China Project Management Business
Colliers International today unveiled a six-fold expansion in its project management business in mainland China with the acquisition of Shanghai-based SIP Group.
“We are delighted to have the experienced professionals from SIP join our growing project management platform in China,”… Read More>>
Mainland Developer Fullsun Buys Kowloon Condo Project for $117M
Hong Kong-listed mainland property developer Fullsun International has agreed to purchase a residential project in Ho Man Tin, an upmarket residential area in central Kowloon, for HK$920 million ($117 million), according to a filing to Hong Kong Stock Exchange.
The… Read More>>
Home Prices Drop in Beijing, Shanghai and Shenzhen as China Property Freeze Drags On
The number of mainland cities seeing new home prices rise dropped to 44 in February from 50 the previous month, according to the latest figures from China’s National Bureau of Statistics, as demand suppression measures decreed by the government continued… Read More>>
HNA Group Restructures Hotel Businesses, Plans Sale of Stake in 2nd Hilton Spin-Off
Hainan Airlines, the flagship carrier of HNA Group, will take over the group’s hotel business as part of an asset restructuring by the troubled Chinese conglomerate. Hainan Airlines announced in a filing to the Shanghai Stock Exchange that it would… Read More>>
JLL Brings Veteran London Broker to SG as Asian Investors Ramp Up UK Real Estate Deals
Global property brokerage JLL is sending Tim Graham from London to Singapore, where he will take the newly created role of Senior Director of International Capital for JLL Asia Pacific. Reporting to Stuart Crow, Head of Asia Pacific Capital Markets,… Read More>>
Property Tycoons Dominate Singapore’s Billionaire League with $43.7B in Riches
Singapore’s 2018 crop of 22 billionaires include 16 real estate tycoons with a total fortune of $43.7 billion, which grew nearly 10 percent from last year, according to the latest Forbes rich list.
The 2018 ranking by the media company… Read More>>
Connie Peng Named Head of China for BlackRock Real Estate – Exclusive
As asset management giant BlackRock ramps up its activities in China, the US-based firm has appointed real estate investment veteran Connie Peng as Head of BlackRock Real Estate for the country, according to sources familiar with the company’s management who… Read More>>
Fuel Supplier Threatens to Cut Off Hainan Airlines as HNA Runs on Vapor
HNA’s notorious credit problems could put a sudden stop to its core business of flying airplanes if the mainland conglomerate can’t come up with a way to pay off five months of overdue fuel bills in the next 10 days.
Savills Launches Co-Working Brokerage Platform Workthere in Singapore
Singapore boasts well over 100 flexible office centres and counting, and now property brokerage Savills is rolling out a new online platform to help fast-growing businesses cut through that thicket of options to find the space of their dreams.
The… Read More>>
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