Real Estate·Aug 15, 2026
China's First Gaming Billionaire Acquires Shanghai Hotel for $33 Million
Chen Tianqiao's below-market purchase of Mia Hotel signals opportunistic capital entering China's distressed property sector
By Cheng Wei-Lun · 2 min ·
Every BriefAsia story tagged Shanghai, newest first.

Chen Tianqiao's below-market purchase of Mia Hotel signals opportunistic capital entering China's distressed property sector

New guidelines on expiring land tenures aim to stabilize a market frozen by uncertainty over more than $190 billion in aging properties

Transaction volumes rise in Shanghai and other major cities as distressed assets draw bargain hunters following years of property market decline