In a Jan 15 statement to the Hong Kong bourse, Parkson Retail said it agreed to acquire the Suntrans Building in Beijing's Chaoyang District at a cash acquisition price of 1.128 billion yuan ($165 million). This is the largest property deal this year.
"The raised funds have to go somewhere, and China will be one of their major targets," said Ji.
CapitaLand, Southeast Asia's biggest developer, said on Monday that it will raise over $1.2 billion via a rights issue, making it well-positioned for any mergers and acquisitions opportunities that might arise.
Private equity fund manager Gaw Capital Partners is looking to raise up to $1.5 billion for Chinese property.
