Beijing Office Tower Sells For US$740mil To Ping An

CHINA – Amid Sino-Ocean Group Holding’s falling bond prices, the Chinese property developer has divested an office building in Beijing’s Fengtai District to Ping An Life Insurance for 5 billion yuan (US$740 million), according to...

Property Divestment By Asia Pacific Firms Hit US$44.4Bil In 2021

ASIA PACIFIC – Capital markets data from CBRE showed that corporate real estate investors in the Asia Pacific (APAC) region completed the sales of US$44.4 billion (S$61.12 billion) worth of properties in 2021, reported The...

Singapore Attracts China’s Nouveau Riche

SINGAPORE – Rich people from Greater China have made a beeline to Singapore in recent years, as newly minted millionaires and billionaires seek to diversify their holdings and spread their assets across more markets, reported...

Wealthy Chinese Move Their Funds To Singapore

SINGAPORE – A growing number of affluent people are worried about keeping their money in mainland China, so they are moving some of their capital to Singapore, which they consider as a safe haven, reported...

Fosun Buys Half-stake In Shanghai’s Bund Finance Center For Nearly US$1bil

CHINA – Hong Kong-listed conglomerate Fosun International has signed a deal to buy back a 50 percent stake in the Bund Finance Center (BFC) for 6.34 billion yuan (US$995 million), reported Forbes magazine on Thursday...

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