PAG Real Estate today announced the final closing of Secured Capital Real Estate Partners VI (SCREP VI), with US$1.9 billion in investor commitments, the Asian private investment firm said today.
DCM Ventures has led a US$10 million series A round in Duocaitou, a Chinese crowdfunding platform focused on hotel and apartment projects, with participation from Shunwei Capital, according to a company announcement.
China remains the global hot spot for shopping mall construction, as eight Chinese cities were listed among the top ten markets for shopping centers either planned or under construction, with Shenzhen and Shanghai occupying the top two spots.
China has overtaken Singapore as the largest source of capital as Asian outbound investments into global real estate markets totaled US$60 billion in 2016. China made US$28.2 billion in aggregate investments in global property last year, accounting for nearly half of the total from Asia, according to a report issued by property consultancy CBRE.
This year has been a year marked by major events such as Brexit and the U.S. presidential election. But the real estate sector remains robust despite some short-term market volatility, says Jones Lang LaSalle Incorporated.
Chinese property Tycoon Wang Jianlin’s plan to relist his real estate empire from Hong Kong to mainland China encountered its first setback after a reverse merger counterpart terminated a proposed deal.
V Capital, a real estate investment fund established by Chinese residential property giant Vanke, is to acquire Shanghai’s Central Plaza from private equity firm Carlyle Group for around RMB2.46 billion (US$369 million), according to media reports.
Sachin Doshi, managing director and head of private real estate investments Asia Pacific at €430 billion-under-management Dutch pension fund manager APG, says APG is exploring potential investment opportunities in Shanghai commercial property and senior housing in China.
Sachin Doshi, managing director and head of private real estate investments Asia Pacific at €430 billion-under-management Dutch pension fund manager APG, explains the rationale behind co-leading a US$920 million investment in Shanghai-based retail mall operator Chongbang.
In this episode of China Money Podcast, guest Sachin Doshi, managing director and head of private real estate investments Asia Pacific at Dutch pension fund asset manager APG, speaks to our host Nina Xiang about investing in China’s private real estate sector.
Century Bridge Capital has invested US$11.5 million in a joint venture middle-income residential project in Ningbo, China, following previous investments in lower tier Chinese cities despite price stagnation in these areas.
China’s contracted sales of residential properties grew by 20% and 23% year-on-year in January and February 2016, respectively, as a result of strong demand from tier one and some tier two cities fueled by credit easing, lower down-payments and tax cuts.
Shopping malls in China are closing down everywhere because of a supply glut and the increasing popularity of e-commerce. But one Chinese investment firm wants to put more money into buying shopping malls, believing well-managed retail outlets still have a bright long-term future.
Allan Zeman, chairman of Hong Kong-based Lan Kwai Fong Group, shares his views with China Money Podcast host Nina Xiang on China’s property glut and what should be done to manage emerging ghost towns across the country.
Allan Zeman, chairman of Hong Kong-based Lan Kwai Fong Group, tells China Money Podcast host Nina Xiang that he sees housing prices in China’s biggest cities continuing to rise over the long term.
The stock and foreign exchange market volatility has driven capital into China’s property sector. With the introduction of “innovative” financial products to help home buyers circumvent down payment requirements, are Chinese banks creating a subprime mortgage bubble?
Chinese property developers with significant exposure to offshore debt markets will come under added stress if the weakness in the RMB is prolonged, says a research report by Standard & Poor’s Ratings Services.
New York Stock Exchange-listed Xinyuan Real Estate Co., Ltd. says its U.S. arm has acquired a parcel of land in Midtown Manhattan for US$57.5 million, says a company announcement.
RRJ Capital and Value Partners Group Limited have led an investor consortium to invest HK$1.55 billion (US$200 million) in Shenzhen-based Logan Property Holdings in a private placement deal, according to a securities filing.
Cura Investment Management (Shanghai) Co., Ltd., a Chinese private real estate investment firm, has completed initial public offering on China’s New Third Board, or the National Equities Exchange and Quotations (NEEQ).
New York Stock Exchange-listed Chinese real estate Internet portal SouFun Holdings Limited says that IDG Capital Partners and the Carlyle Group have agreed to invest between US$400 million to US$700 million in total to help the company transition and grow in China.
David Ji, director, head of research and consultancy of Greater China at property consultancy Knight Frank, says China’s ghost cities are not a problem of oversupply.
David Ji, director, head of research and consultancy of Greater China at property consultancy Knight Frank says real estate in China relating to the country’s new economy are still attractive.
David Ji, director, head of research and consultancy of Greater China at property consultancy Knight Frank says the Chinese property market is stabilizing and in early recovery stage.
In this episode of China Money Podcast, guest David Ji, head of research and consultancy of Greater China at property advisory firm Knight Frank talks to our host Nina Xiang about where the Chinese property market is in its current market cycle and how China’s ghost cities could be revived. Listen to the full interview in the audio podcast, watch an abbreviated video version, or read an interview excerpt. Q: The Chinese real estate market has recovered somewhat after the …
IDG Capital and the Carlyle Group have agreed to invest as much as US$1 billion in Chinese real estate online portal SouFun Holdings Limited, according to a company announcement. The pair, together with SouFun’s founder and CEO Vincent Mo, are to purchase SouFun’s newly issued shares at US$7.45 per American Depository Share (ADS), a 3% premium to the volume-weighted average trading price for the 20 trading days before the announcement.
In this episode of China Money Podcast, guest Dr. Marc Faber, renowned investor and publisher of The Gloom, Boom & Doom Report, speaks with our host Nina Xiang. Dr. Faber shares his thoughts on why China’s economic problems are solvable, explains the reasons behind his belief that China is likely to keep its currency stable, and rebukes the argument that capital may be flying out of China for a lack of confidence in the world’s second largest economy. Read an …
Chinese outbound real estate investment increased 25% to reach US$10.1 billion in 2014, making it the number two largest source of such investment among all Asian countries following Singapore, according to a report by global real estate consultancy CBRE Group. For the region, outbound real estate investment had a record year, reaching US$40 billion, up 23% year-on-year.
New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc., backed by private equity firms Warburg Pincus and SAIF Partners, has acquired Shanghai-based real estate listing platform Anjuke for approximately US$267 million, according to an official announcement. 58.com has issued about five million new ordinary shares and paid another US$160 million in cash to acquire 100% of Anjuke.
China’s housing sector showed sign of recovery as prices of new commodity residential properties for 70 medium-to-large-sized cities surveyed by the National Bureau of Statistics declined by 0.42% month-on-month in December, after falling 0.59% in November and compares with average monthly decline of 1% during the third quarter. At the same time, Soufun’s 100-city average new home price index fell by about 0.4% month-on-month in December and November, compared to the average decline of 0.8% the third quarter.
China’s growth will slow further in 2015 to an annual expansion of 6.8%, as the ongoing property downturn continues to drag on construction, industrial production and related investments, says a research report by UBS AG. The year of 2014 started bumpy but ended on a positive note for China. Serious concerns on slowing growth and financial risks faded as the government adopted policies to stabilize the economy and financial conditions.