…-month fall in a row. Bo Ouster Means State Capitalism in China Will Fade, SOHO Says Bo Xilai’s ouster last week as head of Chongqing is a signal that China will increase the role of private businesses in the economy and scale back state capitalism, said Zhang Xin, Chief Executive Officer of Soho China Ltd. Intersport to Open 80-100 Stores in South China Intersport International Corp. (IIC) is opening 80 to 100 multi-sport/multi-brand stores with…
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China Vanke’s April property sales slip 6 pct – and more of Today’s China Real Estate Links | May 4, 2012
…metres of property in April. Worst Over for China Commercial Real Estate: SOHO CEO The worst is over for China’s commercial real estate industry and the government’s policy to provide more credit for private firms should help the sector, Zhang Xin, Chief Executive Officer of SOHO China, the largest property developer in Beijing said. “Definitely, we have seen the worst,” Zhang told CNBC’s Christine Tan on “Managing Asia”. “I think in commercial r…
Greentown is China’s First Fortune 500 Developer – No Really!
…estige and business strength, with many prospective employees targetting Fortune 500 companies as the potential employers offering the best opportunities for growth. In the case of Greentown, their major deals in the last year include selling off their stake in a project on Shanghai’s Bund to SOHO, selling their Greentown Plaza project in Shanghai’s Hongqiao area to SOHO, and selling 2.13 percent of their company to Wharf, with the option for Whar…
Ex-Morgan Stanley Exec Gets 9 Months for Corruption – and more of Today’s China Real Estate Links | August 20, 2012
…es in June. Prices fell in nine cities and were unchanged in 12. Developer SOHO China H1 Results Disappoint SOHO China Ltd (0410.HK), Beijing’s largest real estate developer, unveiled a sharp fall in first-half results according to the results report posted by the Hong Kong Exchanges Thursday.The industry leader produced a turnover of 1.22 billion yuan ($0.19 billion) in the first six months, decreased 54 percent year on year, while the net profit…
Wahaha opens Waow Plaza shopping mall in Hangzhou – and more of Today’s China Real Estate Links | December 3, 2012
…o five years after testing the waters in Hangzhou Fosun in court to battle SOHO over Bund project Shanghai-based Fosun International Ltd took three other real estate giants to court Thursday in a dispute over whether it had the right to be the first to purchase its partners’ stakes in a project to develop a 9.22 billion yuan ($1.48 billion) site on the Bund, local media reported. Fosun, which owns a 50 percent share in the project, argued that its…
Real Estate Seen as Key to Corruption in China – and more of today’s China Real Estate Links | January 28, 2013
…ich give access to public services and social welfare, are hard to obtain. SOHO’s Zhang Xin Speaks on China Real Estate, Economy Zhang Xin, chief executive officer of property developer Soho China Ltd., talks about China’s economy and real estate market. She speaks with Tom Keene on Bloomberg Television’s “Surveillance” on the sidelines of the World Economic Forum in Davos, Switzerland. China Makes New York Real Estate Look Cheap The median house…
Mapletree REIT Jumps in Asia’s Biggest 2013 IPO – and more of Today’s China Real Estate Links | March 8, 2013
…nts apiece. They started trading at 2 p.m. and were 29.5 times subscribed. Soho China CEO Downplays Cooling Measures China’s latest attempt to cool its property market won’t be as effective as policy makers would like in making homes more affordable because investors will continue to hoard apartments and limit supply, Soho China Ltd. 0410.HK -2.57% Chief Executive Zhang Xin said. Last week, China’s State Council said it would strictly enforce a 20…
Real Estate Personality Pan Shiyi Cowed by Govt Crackdown
SOHO China may not be China’s largest real estate developer, but it has become one of the country’s best known, thanks in no small part to the flamboyant style of the company’s leadership couple, Chairman Pan Shiyi and his wife/CEO Zhang Xin. SOHO Chairman Pan Shiyi Pan and Zhang have effectively leveraged social media, primarily through Sina’s Weibo platform to publicise themselves and their project. Pan currently has more than 16 million follow…
Fosun Pays US$725 Mil for Chase Manhattan Building and the Big Buyer Trophy
…g New York real estate investment by a Chinese investor this year had been SOHO China CEO Zhang Xin’s participation in a multi-party consortium which took a 40 percent interest in the US3.4 billion GM building in Manhattan. The sellers in both the GM Building and the Chase Manhattan transactions were represented by CBRE. Speaking to Bloomberg in New York, Darcy Stacom, vice chairman at CBRE said, “We likened it (1 Chase Manhattan Plaza) in our mar…
Comings and Goings: Who’s Changing Jobs in China Commercial Real Estate 2013-12-02
…ai) Limited. Li Hui joined SL after two years with Beijing-based developer SOHO China, as a project manager and later Deputy GM. SOHO has recently been said to be selling some of its Shanghai projects as it seeks to streamline its portfolio. Rachel Cheung is now a sales consultant at office furniture supplier Haworth in Shanghai, after leaving her role as Marketing Executive at industrial developer Plainvim International where she was involved in…
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