Just days after predicting doom for Disney in China, and saying that the mainland had “passed the phase when we would go crazy for cartoon characters,” billionaire Wang Jianlin opened his latest theme park on Saturday with appearances by Snow… Read More>>
KKR Hires Blackstone’s Rob Yang as Head of Greater China Real Estate
KKR has appointed Rob Yang from Blackstone as Head of Greater China real estate with the US private equity firm, effective 1 June. Yang joins KKR as a managing director based in Hong Kong as the New York-based investment management… Read More>>
Greenland NYC Deal Tied to Key Figure in Malaysia’s 1MDB Scandal
The latest New York deal by China’s Greenland Group took a new twist last week when it was revealed that the mainland mega-developer bought its 41 percent stake in Manhattan’s Park Lane Hotel from Jynwel Capital, a company controlled by… Read More>>
Xinhua Cites Spectre of Money Laundering After Chinese Student Buys $24M Vancouver Mansion
The growing wave of overseas property purchases by Chinese nationals could fuel money laundering, Chinese state media has warned, after it emerged recently that a Chinese student reportedly bought a C$31 million ($23.5 million) mansion in Canada.
In an unusually… Read More>>
Mingtiandi to Lead Real Estate Finance Workshop at Shanghai Conference
One of China’s biggest real estate investment events will kick off in Shanghai on Wednesday this week with a workshop on real estate financing led by Mingtiandi founder Michael Cole.
The 5th annual PERE China Forum will bring together leading… Read More>>
Are Chinese Buyers Bringing Down NYC’s Billionaire’s Row?
Hard times have been hitting New York’s “Billionaire’s Row” – aka 57th Street from Park Avenue to Columbus Circle in Manhattan, with sales at luxury condo projects along the exclusive strip of Manhattan real estate disappointing in 2016, after years… Read More>>
30 Developers Compete to Pay Double for Suburban Shanghai Land
A crowd of 30 mainland developers cast aside concerns of a government clampdown on Shanghai housing sales last week to stoke a bidding war for three pieces of land in the city’s suburbs, which ultimately sold for well above their… Read More>>
Glass Panel Falls Off Shanghai Tower, Tesla Driver Claims Damage
A sheet of curtain wall glass fell 76 storeys from the newly completed Shanghai Tower today, shattering to pieces on the streets of Pudong’s busy Lujiazui Financial district.
While no one was killed by the plummeting panel, which may have… Read More>>
Beijing Cracks Down on SOHO Office Sales After Tongzhou Deals Jump 1432%
Already home to China’s most stringent home purchase rules, Beijing last week announced fresh curbs on the property market in the city’s Tongzhou District, an area slated to become an important political and residential hub where a bulk the city’s government… Read More>>
Hotel Investment Conference Kicks Off in Shanghai This Week
Representatives of China’s hotel investment giants, including Greenland Group, Fosun, and Poly Group will meet face to face with global hospitality leaders from Accor, Hyatt, Hilton, and Intercontinental Hotel Group amidst a surge in Chinese tourism investments both domestically and… Read More>>
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