China
Kerry Properties snaps up Wuhan site for US$667m
MALAYSIAN business magnate Robert Kuok’s real estate development business Kerry Properties has strengthened its land bank in Wuhan, China with the HK$5.2 billion (approximately US$667 million) acquisition of two sites.…
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Asia Pacific capital markets turning the corner
COMMERCIAL real estate investment volumes have recovered from the 2023 downturn. According to JLL’s data, CRE volumes increased by 2%…
Evergrande sues founder and executives to recover $6bn
CHINA Evergrande, the world’s most indebted property developer and under liquidation, is taking legal action against its founder and former…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Development site and land Bangkok,…
OCT buyout Shanghai partner for US$ 283m
A SUBSIDIARY of China state-owned enterprise Overseas Chinese Town (OCT Ltd) has bought out its sister company’s interest in a…
Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Retail Kunming, China Parkson Retail…
Investors approve US$112m mall sale
INVESTORS in China LVGEM have approved the sale of Hongwan Shopping Mall in the Guangdong province for RMB 813.87 million…
Sino Ocean avoids liquidation with debt restructure
REAL estate developer Sino Ocean has staved off liquidators after making significant progress through discussions with its creditors to restructure…
Tuan Sing exiting Fujian project
SINGAPORE’S Tuan Sing has sold a major stake in a large land parcel in China’s Fujian Province after over 10…