Triguboff seeks $15bn Meriton deal
Harry Triguboff has set the price tag for his Meriton residential apartment business at a hefty $15 billion, revealing that once he sells the company he expects to branch out into water...
View ArticleSunac China in talks with Kaisa over possible stake purchase
SHANGHAI—Tianjin-based Sunac China Holdings Ltd. is among the property developers looking into buying a stake in cash-strapped Kaisa Group Holdings Ltd., people familiar with the talks said Monday.It...
View ArticleChina business news digest
EconomyChinaStaff ReporterYour daily digest of the biggest business news in China, translated and summarized every day. Shanghai abandons GDP growth targetShanghai has become the first major city in...
View ArticleChina's Fosun buys $116.5m Sydney office tower
The property arm of China’s largest conglomerate, Fosun, has partnered with Sydney-based Propertylink to buy an office tower in North Sydney for $116.5 million.Fosun Property said the acquisition of...
View ArticleCheung Kong, Hutchison Whampoa seek $US7.1bn loan
HONG KONG— Cheung Kong Holdings and Hutchison Whampoa Ltd. , Hong Kong billionaire Li Ka-shing ’s two biggest companies, have asked bankers to commit to a HK$55 billion (US$7.1 billion) loan by March,...
View ArticleChina business news digest
EconomyChinaStaff ReporterYour daily digest of the biggest business news in China, translated and summarized every day.SOE reform policies to be rolled out over coming monthsToday's China Securities...
View ArticleChina shopping centre construction set to soar
China is expected to build an additional 7,500 shopping centres by 2025 according to Deloitte and the Chinese Franchise Association.The extra 7,500 shopping centres will be in addition to the 3,500...
View ArticleChinese luxury hotels suffer under austerity measures
Chinese luxury hotel profits have plunged since the start of Beijing’s harsh anti-corruption campaign reports The Paper. According to the report, luxury hotels earned more than five billion yuan in...
View ArticleQld tops country on mortgage defaults
The Queensland suburb of Kingston leads the nation when it comes to homeowners falling behind on mortgage repayments.Figures from ratings agency Fitch show Kingston, in the Logan area south of...
View Article$9bn Investa roadshow planned
Heavyweight Morgan Stanley Real Estate is pressing ahead with plans to offer up the $9 billion Investa Office platform in the first part of this year with a roadshow of the business slated to be...
View ArticleChina business news digest
EconomyChinaStaff ReporterYour daily digest of the biggest business news in China, translated and summarized every day.Taobao hits back at fake goods claimE-commerce giant Alibaba’s flagship online...
View ArticlePalmer toppled from Forbes 50 rich list
Plunging commodity prices have knocked Clive Palmer off Australia's top 50 rich list.Mr Palmer's estimated wealth has fallen below $US550 million - the cut off for the latest Forbes Australia list - as...
View ArticleSecond-tier Westfield asset sales tipped
Major fund manager Antares Equities expects Westfield Corporation will sell its second-tier malls in the US in what would be a second major restructure of the group born out of last year’s painful...
View ArticleRising rents put the squeeze on local retailers
IndustriesRetailVictoria ThiebergerAustralian retailers are facing more than competitive challenges from the influx of large-scale international retailers that are opening their doors here.Not only...
View ArticleFrench interest in Westfield
Mega-mall owner Westfield Corporation is in the sights of French shopping centre giant Unibail-Rodamco as the company looks to expand its business into the US.Westfield has been mooted as a potential...
View ArticleNAB has fastest growing loan book
National Australia Bank is expanding its loan book faster than it’s other big four rival, The Australian Financial Review reports.Figures from the Australian Prudential Regulation Authority for the...
View ArticleReal estate set for 3D makeover
Unrealistic pictures of homes up for sale could soon be a thing of the past thanks to an innovative 3D real estate technology developed in Australia.Software developed by Melbourne-based company...
View ArticleChina business news digest
EconomyChinaStaff ReporterClick here to subscribe to the China Spectator daily newsletter.Your daily digest of the biggest business news in China, translated and summarized every day.Chinese housing...
View ArticleChinese housing market recovers modestly
House prices in 100 Chinese cities have posted a 0.21 per cent increase after eight months of continuous decline, according to a survey by the China Index Academy.The data shows 44 cities posted price...
View ArticleQuarter of listed Chinese property developers in the red
11 out of 47 property developers listed in Shanghai and Shenzhen have posted losses for the first time, according to data compiled by Choice, a financial information company.According to the data, one...
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