US asset manager Invesco is expanding its bets on the living sector in Asia Pacific through a joint venture with a Tencent-backed apartment management platform to invest in and operate rental housing in China.
In a joint statement… Read More>>
Minnesota Gives Nod to Angelo Gordon Fund Boost and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Minnesota pension manager follows through on a planned commitment to an Angelo Gordon real estate fund, and Chinese home rental platform Ziroom reportedly mulls raising $1 billion from a Hong Kong IPO.
Floor in Singapore’s Suntec City Sells for Record Price and More Asia Real Estate Headlines
Singapore’s return to normalcy may be paying dividends for owners of office assets, with news reports today showing that a full floor in Suntec City has changed hands at a record high price. Also in the news, Angelo Gordon is… Read More>>
Softbank Said to Have Invested Total of $1.5B in China’s Ziroom, Beike
Softbank has invested $1.5 billion into a pair of Chinese property startups, as the Japanese venture capital firm takes a gamble on the mainland housing market.
In deals which closed in November last year, Softbank invested $1 billion into apartment… Read More>>
Mainland Home Rental Platform Ziroom Raises $500M From General Atlantic, Tencent, Sequoia
China’s rental housing market continues to attract venture capital investment with one of the industry’s largest players said to have raised $500 million in new financing.
Ziroom, the country’s first rental housing unicorn, is reported to be completing a $500… Read More>>
Lei Jun-Backed Rental Housing Operator Yujian Can’t Pay Landlords, Warned by Bank
China’s long-term rental housing market hits the headlines again a Yujian Apartment, a startup backed by Xiaomi founder Lei Jun this week received debt payment notices from a major bank, and is said to owe back rent to its landlords.
Ziroom Pulls Listings for 20,000 Rental Homes and More Asia Real Estate Headlines
China’s nascent rental housing market hits the news again today as leading rental operator Ziroom pulls down 20,000 recent home listings over formaldehyde concerns.
Singapore’s ARA Asset Management also gets some ink as it searches for bargains in Malaysia and… Read More>>
Tencent, Warburg Pincus Said Investing $1.5B in China’s Lianjia
Chinese Internet giant Tencent is planning to invest $1 billion into Lianjia, as part of a $2 billion financing round in preparation for a future IPO by China’s largest real estate brokerage, according to a report in the Wall Street… Read More>>
Cancer Death of Ziroom Tenant Raises Talk of Risk in China’s Rental Housing Rush
A social media post linking the leukemia death of an Alibaba employee living in an allegedly formaldehyde contaminated home operated by Sequoia China and Tencent-backed Ziroom has brought a new round of pressure on the rental housing unicorn this week.
China Rental Apartment Providers Freeze Prices, Boost Supply After Beijing Crackdown
Venture capital-backed rental apartment provider Ziroom has pledged to roll out 80,000 units of rental housing in Beijing within the next three months, while agreeing to maintain current prices for the homes, after the capital’s housing authority this month that… Read More>>