June Property Market Review

[June - 21 -2019] Chinese retailer Suning announced to buy 80% stake in France's Carrefour Group's China entity. The Suning Group unit will pay 4.8 billion yuan (USD699 million) for an 80% stake in Carrefour China, which mainly operates Supermarkets. The deal will reinforce the "market competitiveness of fast-moving consumer goods" operations, Suning said Sunday. Carrefour's roughly 30 million registered customers in China will be introduced to Suning services and stores, and the Chinese retailer will use Carrefour's six large distribution centers in the country to deliver products more efficiently

[June - 27 -2019] CapitaLand's Funan mall achieves 95% retail leasing ahead of 28 June opening

[July - 1- 2019] CapitaLand sold the stake in CCRE subsidiary to the chairman of the holding company