…ownloading. (But only if you’re walking past the headquarters of the right online music company in Shenzhen). Chinese design studio, UNIT (Urban New Idea Team) designed the newly completed headquarters of online music company A8 to resemble a series of sound waves, and incorporated interactive LED lighting into the facade that visualises the music being downloaded from the company’s website. “The approach for this project was to create a tower whi…
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Shenzhen Bans Sale of 6 SQM Apartments After Online Uproar and More Asia Real Estate Headlines
…properties violated existing laws and regulations. The move came after an online outcry after local media reported that 11 mini studio apartments, with floor areas ranging from 5.73 and 7.48 square meters located in the 15-storey Qiaocheng Shangyu building in the city’s Nanshan district, sold out in half a day on Saturday. Read more>> Top 2 China Developers Pass RMB 200B in Sales for 2016 Sales of China’s two largest property developers have exce…
Tishman Speyer Signs $1.4B Deal with Chinese Online Wealth Manager Creditease
…l between the US real estate giant and one of China’s largest providers of online money management apps comes as more Chinese investors look for opportunities to gain access to real estate fund investments both domestically and in the US. The global strategic partnership agreement between the US property developer and investor and the Chinese fund manager aims for a RMB 10 billion ($1.4 billion) joint investment target over the next three years, a…
Buyer of HK$9.95B Henderson Project in Hong Kong Arrested for ‘Mafia Practices’
…ed RMB 753 million in principal and interests to its clients. Crackdown on Online Lenders Enters New Phase Zhang’s arrest may mark a new stage in Beijing’s crackdown on illegal online lending platforms, which moved from concerns of financial risks into suspicions of organized crime and threats to public safety. China’s online lending platforms flourished in 2015, with over 3,800 operations in China. The industry had outstanding loans of RMB 1.9 tr…
Wanda and Tencent Reboot Retail Partnership With Smart Mall JV
…ers into his Wanda Plazas The new initiative will include Wanda’s ffan.com online-to-offline (O2O) shopping platform and also incorporate Wanda’s Internet Technology unit, after the group was reported earlier this year to be laying off some 95 percent of its 6,000 staff. Tencent is said to be contributing access to its online traffic, among other resources, and Gaopeng would add the use of its electronic invoicing expertise. This latest deal comes…
Pradera Retail Asia Opens Mosaic Xi’an, Bringing China Mall Portfolio to Four Sponsored Feature
…c and video-sharing social network Tik Tok (or Douyin in Chinese), and hit online multiplayer battle royale game PlayerUnknown’s Battlegrounds to leverage the online to drive its offline initiative. Leveraging Technology to Enhance the Consumer Experience To ensure that families can enjoy a hassle-free visit to the destination, Mosaic Xi’an has teamed up with Panda Stroller to provide baby stroller service at a number of locations within the shopp…
Thailand’s Minor Buys $226M Stake in Spain’s NH Hotels and More Asia Real Estate Headlines
…stability in the Singapore construction sector. Read more>> Sydney Concept Store Sells Products Destined Only for China Australia’s national postal service has opened a retail outlet that only sends mail to China. The concept store, located in the Sydney suburb of Chatswood, doesn’t provide any normal postal services like selling stamps or mailing parcels around the country. Instead, it sells health and beauty products that can only be shipped to…
Asia Real Estate People in the News 2019-09-09
…ed for CapitaLand since 2003. Jocelyn Hao has been promoted to director of store development for Asia Pacific for Starbucks in Hong Kong after serving for a year and a half as a store development director for strategy, systems and insights. Prior to joining the US coffee giant, Hao had served as Crocs’ regional real estate director for APAC, Middle East and Africa for two years and as a director of retail at Cushman and Wakefield in Singapore betw…
PAG, Warburg Backing $6B Pre-IPO Round for Wanda and More Asia Real Estate Headlines
…group’s remaining shophouse property in Singapore, comprises a partly two-storey, partly four-storey corner commercial shophouse, occupying a land area of approximately 2,990 square feet (278 square metres). Read more>> $9.8M Seoul Flat Sets New Korean Home Price Record The most expensive apartment sold this year was in The Penthouse Cheongdam, a luxurious residence also known as PH129, data from the Ministry of Land, Infrastructure and Transport…
Ikea Announces $864M China Investment Plan and More Asia Real Estate Headlines
…the matter said Wednesday, triggering a plan for a walk-out at a flagship store in what would be Japan’s first major strike in decades. Japan-based Seven & I, operator of the world’s largest convenience store chain, agreed last year to sell loss-making Sogo & Seibu to US-based Fortress Investment Group, but the deal has been delayed amid opposition from workers. Read more>> Housing Prices Rise in 43 Indian Cities Housing prices rose in 43 Indian…
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