Asia real estate and outbound investment news
China’s real estate elite continued to build bridges with the US this week when Zhang Xin and Pan Shiyi – the flamboyant couple behind developer SOHO China – announced a $15 million gift to Harvard University.
The pair of property entrepreneurs donated… Read More>>
Tesla Motors continued to make inroads into the China market last week when it signed deals with real estate developers SOHO China and China Yintai Holdings to build charging centres in Beijing.
The high-end luxury car maker, whose Model S… Read More>>
Pan Shiyi, chairman of Hong Kong-listed developer Soho China, thinks that the country’s real estate industry is headed for disaster, one that he likens to a certain famous shipwreck, and he thinks the coming crash could sink the whole economy.
Beijing-based real estate developer Soho China reported a 47 percent drop in profits for the second half of 2013, as the developer which made its name building office complexes and then selling off individual units, struggles to switch to… Read More>>
Beijing-based real estate company Soho China announced on Friday that it is selling two commercial projects in Shanghai for RMB 5.23 billion ($851 million). The sale price is well below what the developer asked for, as the market for commercial… Read More>>
Real estate developer and attention-seeker Pan Shiyi led the media on a pollution-checking tour of Shanghai’s subway on Friday in an apparent attempt to ensure the public that the city’s public transport was pretty ok.
Pan’s day job may be… Read More>>
The most radically designed project of China’s most flamboyant real estate developer is largely finished, and the Wangjing area of Beijing’s Chaoyang district will soon feature 3 hump-shaped towers that have been likened to Chinese fans, or ship’s sails.
Wangjing SOHO was designed by Iraqi architect Zaha Hadid, and consists of three curved towers reaching as high as 200 metres.
Not content to merely own a chunk of the GM building in New York, SOHO China CEO Zhang Xin bought a Manhattan mansion recently for US$26 million. Other potential buyers looking at the five bedroom, 19th century townhouse included Brad… Read More>>
Fosun International Ltd became the latest Chinese company to acquire a US trophy asset last week when it agreed to purchase 1 Chase Manhattan Plaza from JP Morgan Chase for US$725 million.
With the acquisition the closely held Shanghai firm… Read More>>
SOHO China may not be China’s largest real estate developer, but it has become one of the country’s best known, thanks in no small part to the flamboyant style of the company’s leadership couple, Chairman Pan Shiyi and his wife/CEO… Read More>>
