Two key executives at major mainland Chinese developers were reported by mainland media to have resigned their jobs recently as the outlook for China’s property market continues to sour, while one notable CEO started his new role at Cushman &… Read More>>
Asia Real Estate People in the News 2018-12-10
The game of musical chairs continued at mainland developers over the week, with China Fortune Land pilfering yet another executive from rival China Resources Land. Wu Xiangdong joined Yu Jian in leaving China Resources Land for China Fortune Land Development,… Read More>>
HK Co-Working Operator R One Space Heads to Kowloon East to Open 2nd Centre
Hong Kong’s shared office market grew even more crowded this past week, with local co-working provider R One Space traveling to Kowloon East on Wednesday to open the company’s second site in the city. The new centre follows on the… Read More>>
New $3B Softbank Investment Boosts WeWork Valuation to at Least $42B
American flexible working space provider WeWork on Tuesday announced that its largest shareholder, SoftBank, has committed another $3 billion to the company, boosting its valuation to at least $42 billion.
Softbank is investing in WeWork through a warrant that allows… Read More>>
WeWork Opening in Manila, HCMC and More Asia Real Estate Headlines
Flexible office phenomenon WeWork hits the headlines again today as the co-working pioneer announces impending openings in a pair of new Southeast Asian markets – the Philippines and Vietnam. Also in the news, Chinese gadget maker Xiaomi has decided to… Read More>>
WeWork Opens Three More SG Locations Adding 2,500 Desks
Global flexible workspace provider WeWork on Wednesday announced that it has opened three new locations in Singapore’s city centre. The trio of new flexible office facilities brings the $20 billion space providers number of centres in the city-state to a… Read More>>
KKR Invests $144M in SG’s PropertyGuru and More Asia Real Estate Headlines
Technology is the secret sauce behind two of the region’s leading real estate stories today as KKR puts $144 million into Southeast Asia’s largest seller of condo listings and WeWork prepares to open new centres in three of India’s biggest… Read More>>
China Home Sales Volumes Fall as Crackdown Kicks In and More Asia Real Estate Headlines
Things are getting quiet on the mainland as authorities continue to step up enforcement of home sales restrictions in a crackdown first launched in late June. During September home sales fell by 3.6 percent in terms of floor space, marking… Read More>>
Asia Real Estate People in the News 2018-10-15
As industry leader WeWork toys with a potential $40 billion valuation, the benefits of co-working to most investors in the industry remain to be seen, however, the upside in terms of jobs for real estate professionals in the region are… Read More>>
WeWork Opens in Kowloon East With Plans for 18 HK Centres
WeWork is planning to triple its number of locations in Hong Kong to at least 18 within the next two years, Alan Ai, general manager of WeWork Greater China, said at the opening ceremony of the flexible office provider’s first… Read More>>
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