Rafiaa Rumjahn, Author at Mingtiandi

China Vanke Jumps on Mixed-Use Site Near Shanghai’s Caohejing for RMB 9.8B

Rafiaa Rumjahn — Thu, 02 Aug 2018 14:13:01 +0000

Despite a government clampdown that has scared developers away from bids for sites at the fringes of Shanghai and other major cities, a site in the Chinese commercial hub’s Xuhui district still proved appealing enough to persuade China Vanke to... Read More>>

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PAG Pulls in HK$600M Profit Selling Hong Kong Data Centre

Rafiaa Rumjahn — Wed, 01 Aug 2018 11:52:58 +0000

Alternative investment firm PAG has reportedly made a profit of HK$600 million ($76.44 million) via its recent sale of a data centre in the Hong Kong industrial district of Kwai Chung, less than three years after purchasing the property.

Having... Read More>>

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Guizhou Gets on China’s Design Map With World’s Tallest Waterfall Building

Rafiaa Rumjahn — Wed, 01 Aug 2018 07:17:41 +0000

A Chinese developer has decided to fit a waterfall outside a new skyscraper in the country’s southwestern province of Guizhou to the amusement of locals, but not everyone is impressed.

A video showing the 108-metre artificial waterfall flowing from a... Read More>>

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Credit Problems Brings Down Gangtai Group’s Plan for 300M Skyscraper in Zhejiang 3rd-Tier City

Rafiaa Rumjahn — Tue, 31 Jul 2018 14:15:39 +0000

China’s real estate slowdown appears to be claiming yet another victim, as China Cinda Asset Management takes over a planned 300-metre tall skyscraper project in the Zhejiang provincial city of Taizhou.

The state-owned “bad asset bank” acquired the Gangtai International... Read More>>

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Softbank, Hony, Trustbridge Lead $500M in New Funding for WeWork China

Rafiaa Rumjahn — Sun, 29 Jul 2018 07:42:25 +0000

WeWork has secured another $500 million in funding for its China expansion as the global co-working giant and its partners Hony Capital and Softbank prepare to battle for domination of the mainland shared office market.

“This investment will help WeWork... Read More>>

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Shop in Suburban Hong Kong Mall Sells for Over US$28K Per Square Foot

Rafiaa Rumjahn — Sat, 28 Jul 2018 15:59:31 +0000

As property prices in Hong Kong continue to surge, even 20 square metre shops 17 kilometres from downtown are trading at record prices as the world-leading rates from Hong Kong island are pulling up markets more than half an hour’s... Read More>>

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Investor in Hong Kong’s The Center Announces Plan to Sell Single Floor in 12 Pieces

Rafiaa Rumjahn — Fri, 27 Jul 2018 17:00:29 +0000

Another member of the consortium behind last year’s landmark HK$40.2 billion ($5.15 billion) acquisition of the Center on Hong Kong’s Queen’s Road is getting ready to flip his floor of the iconic office tower — but not before slicing it... Read More>>

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Pansy Ho Makes Record-Setting HK$900M Purchase of Pad on HK’s Peak

Rafiaa Rumjahn — Thu, 26 Jul 2018 12:54:49 +0000

Shun Tak Holdings managing director Pansy Ho was revealed on Thursday to have bought a luxury house at 28 Gough Hill Road on Hong Kong’s Victoria Peak for HK$900 million ($114.69 million), the highest square-foot price in Asia for a... Read More>>

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Angelo Gordon, Chellaram’s Aim for 37% Profit Just Six Months After Buying Kowloon Assets

Rafiaa Rumjahn — Wed, 25 Jul 2018 14:18:00 +0000

Angelo, Gordon & Co and the family behind the Chellaram trading and transport company are offering to sell a set of three office floors in Kowloon East for around 37 percent more than they paid to purchase them... Read More>>

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Gaw Capital JV Buys 50% Stake in Spanish Hotel Chain for €125M

Rafiaa Rumjahn — Wed, 25 Jul 2018 10:49:48 +0000

Gaw Capital Partners announced on Wednesday its €125-million ($146 million) acquisition of a 50 percent stake in Spain’s Hospes Hotel Group through a joint venture formed by its European Hospitality Fund I and Spanish investment company Omega Capital, as the... Read More>>

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