Asia real estate and outbound investment news
Kr Space has surrendered its lease in Hong Kong’s Times Square, bringing to a close the mainland co-working startup’s ill-fated venture into the Asian financial hub, according to industry sources who spoke with Mingtiandi.
The Beijing-based operator, which completed a… Read More>>
HNA Group has sold its last asset in the UK to Hong Kong-based investment firm Sun Hung Kai & Co and Australia’s Macquarie Group for £100 million ($129 million), with the troubled mainland conglomerate completing its business Brexit while UK… Read More>>
China Overseas Land & Investment (COLI) has teamed up with the real estate arm of state-owned steel company Shougang to win a 61,100 square metre (657,674 square foot) residential site in Beijing for RMB 5.1 billion ($730 million), according to… Read More>>
A Shanghai government developer has agreed to pay RMB 7.14 billion ($1.02 billion) for a site in the city’s Pudong district, where it will build a mixed-use commercial and residential complex featuring a 320-metre (1,050-foot) supertall tower.
Shanghai Zhangjiang High… Read More>>
China’s real estate market continued to cool off in October with growth in home prices slowing in the face of the government’s determination to stick with its fight against housing speculation despite a slowing economy.
50 of 70 mainland cities… Read More>>
Hong Kong conglomerate Chiaphua Industries has this month acquired a 25-year-old industrial building in the Fanling area of the New Territories for HK$150 million ($19.2 million), as aging sheds with revitalisation potential continue to lure investors.
The seven-storey building at… Read More>>
Huazhu Group has revealed a 19 percent year-on-year jump in hotel turnover for the third quarter of 2019, as China’s largest operator of budget inns boosted its portfolio to more than 5,000 locations.
Turnover increased to RMB 10 billion ($1.4… Read More>>
Stan Group has applied for the compulsory sale of a 50-year-old industrial building in Hong Kong’s Mongkok district, according to an account in the Hong Kong Economic Times.
The Hong Kong investment group, which manages a HK$60 billion ($7.7 billion)… Read More>>
Alibaba has invested RMB 23.3 billion ($3.3 billion) in logistics affiliate Cainiao, raising its equity in the warehousing and shipping company from 51 percent to 63 percent.
The e-commerce giant said in a statement that the additional 12 percent shareholding… Read More>>
Buildings made of concrete and steel are feeling the impact of the estimated 6,000 rounds of teargas released on the streets of Hong Kong in recent months, as a newly released report shows that the city’s descent into a police… Read More>>
