freeasia

Minoru Mori, Real-Estate Magnate, Dies

March 13, 2012

Minoru Mori, whose entrepreneurial risk-taking helped transform the central Tokyo skyline, has died at age 77.

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Texas’s Hines to Double Down in London

February 22, 2012

Hines, one of the world’s largest real-estate groups in terms of assets, is preparing to spend $1.6 billion on buildings in the U.K., doubling its assets in the country in an effort to diversify away from riskier acquisitions.

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U.A.E. Banks Dip Back Into Real Estate

February 8, 2012

Banks in the United Arab Emirates are tiptoeing back into real-estate lending.

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London’s Home Shortage Set to Get Worse

February 1, 2012

London looks likely to experience a drought of new housing over the next few years, as construction of homes amid fears of renewed recession and a dearth of mortgage finance, a report from property consultant suggests.

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Dubai Home Costs to Fall More

January 3, 2012

Prices in Dubai for residential property are like to fall for years to come, weighed down by an oversupply of homes and the global economic slowdown.

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Fosun Surprised By Soho China Shanghai Investment

December 30, 2011

A fight is brewing between two of China’s biggest property developers as they wrestle for control of a commercial real-estate site in the heart of Shanghai. 

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Soho China Buys Stake in Shanghai Property

December 30, 2011

Soho China said it would buy a 50% stake in a commercial site from units of Greentown China and Shanghai Zendai Property for $632 million.

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Shanghai’s Pudong, Once Soulless, Rises Up

December 21, 2011

Pundits once mocked Shanghai’s Pudong district, a purpose-built version of Manhattan, as overdesigned and underoccupied. Today, as worries of a Chinese property crash are back in force, Pudong is an unlikely bright spot.

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Seeking a More Upscale Crowd

December 8, 2011

The Dominican Republic’s Punta Cana area has established itself as a popular tourism destination among people tourism officials call the “drunk and sunburned.” That’s a problem for the area’s luxury hoteliers.

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Wynn CEO Sees Future in China

May 23, 2011

Steve Wynn, who made his name reinventing the Las Vegas Strip with large, luxurious casino resorts such as The Mirage, the Bellagio and Wynn Las Vegas, has a new canvas: China.

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Mass-Market Retailers Head to Hong Kong

May 10, 2011

Retailers such as Abercrombie & Fitch, Gap, Apple and American Eagle are flocking to Hong Kong, one of the world’s top luxury shopping cities, driving up rents for retail space in their effort to market themselves to mainland Chinese consumers.

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REIT’s Yuan IPO Takes Off

April 12, 2011

The institutional part of Li Ka-shing’s Hui Xian REIT, the first yuan-denominated IPO outside mainland China, was almost fully subscribed on the first day of its launch.

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CapitaMalls Seeks Hong Kong Listing

March 28, 2011

Singapore-listed shopping-mall developer CapitaMalls Asia submitted an application for a secondary listing in Hong Kong as it looks to access a wider funding base.

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Wharf Plans to Ramp Up China Investment

March 23, 2011

Wharf (Holdings) underlying profit rose just 1.2% last year. This year, the conglomerate plans to increase investment in China’s property market.

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Shimao Net Rises 33% on China Property Boom

March 22, 2011

Chinese developer Shimao Property Holdings Ltd. said its 2010 net profit rose 33%, supported by robust sales in China’s booming property market and revaluation gains.

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China Overseas Land Profit Rises

March 17, 2011

Hong Kong property developer China Overseas Land & Investment said its 2010 net profit rose 66% due to record property sales, revaluation gains and a disposal of assets, while fellow Hong Kong developer Kerry Properties’ net profit rose 44% in 2010.

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Morgan Stanley to Sell Motel Chain

February 23, 2011

Morgan Stanley is selling a popular Chinese budget motel chain which could fetch up to US$1 billion, as foreign and local hoteliers scramble to buy into the country’s travel boom.

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