Mainland conglomerate China Shipbuilding Industry Corporation (CSIC) set a new price record for Hong Kong’s West Kowloon area recently with its HK$259 million ($33.2 million) purchase of the two top floors of an office building, along with naming rights for… Read More>>
URWork-New Space Merger to Create RMB 9B Global Co-Working Player
One of China’s top shared office players, URWork, has inked an agreement with rival New Space for a strategic merger, according to a recent joint announcement by the two mainland flexible office providers.
The market valuation of the combined companies… Read More>>
Guorui Buys Beijing Site as China’s Capital Sells Over $1B in Land in a Single Day
In an effort to curb the city’s rising home prices, Beijing wants to increase housing supply – and developers participating in a recent land auction showed their willingness to contribute to the program by snapping up more than a billion… Read More>>
Richard Li’s FWD Group Buying 50% Stake in SG Office Building for $424M
A unit of FWD Group, the insurance arm of Richard Li’s Pacific Century Group, has agreed to purchase a 50 percent stake in a Singapore office building from CapitaLand Commercial Trust for S$591.6 million ($424 million), according to an announcement… Read More>>
HNA Said Buying Kwun Tong View From Phoenix for HK$2 Bil
Maybe it’s the memories of jetliners buzzing the Kowloon shoreline, but China’s HNA seems to have a particular fondness for Hong Kong’s Kai Tak area. The mainland conglomerate is said to be finalising a deal to spend HK$2 billion ($257… Read More>>
Anbang Threatens Lawsuits, Denies Reports of Wu’s Detainment
Anbang Insurance this weekend lashed out at media accounts of legal and financial crises at the high profile Chinese investor, threatening lawsuits while denying accounts of cashflow struggles and chairman Wu Xiaohui’s detention by authorities.
Anbang, which leapt onto the… Read More>>
Big Mainland Brokerage Deals: Q1 2017
Today Mingtiandi kicks off the first edition of a new feature on deals brokered or significant appointments garnered by major property consultancies.
We assemble this list from official announcements and from social media postings by the agencies themselves, with all… Read More>>
BlackRock Buys Shanghai Office Tower for $199M
The world’s largest asset manager has just bought a piece of Shanghai’s office market as demand for real estate assets in China’s commercial capital continues to grow.
BlackRock has paid RMB 1.37 billion ($199 million) to Hong Kong Shanghai Alliance… Read More>>
Xi’an Shuts Down 12 Vanke Projects After Accusing Top Developer of Illegal Sales
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>>
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