Here is a list of the day’s latest China real estate news collected from around the web:
- Hangzhou Developer Suffers China’s First Real Estate Bankruptcy
The first case of bankruptcy among China’s real estate companies appeared in Hangzhou amid tightening real estate regulations around the country, the Beijing News reports. As reported earlier by the Hangzhou Daily, the Yuhang District Court in Hangzhou, the capital city of Zhejiang Province in eastern China, handled the bankruptcy proceedings of Hangzhou Glory Real Estate Development Co., Ltd. on March 30.
- Asians on Record Building Spree in Australia’s Apartment Market
Asian developers including Fraser & Neave Ltd. (FNN) and SP Setia Bhd. (SPSB) are building a record number of apartments in Australia, betting on a market where local companies have been sidelined by tight financing.
Frasers Property Australia, a division of Singapore’s third-biggest developer, is building a A$2 billion ($2.1 billion), 2,000-unit project in Sydney with Japan’s Sekisui House Ltd. (1928)
- Sands launches $4.4B Macau casino-resort
U.S. billionaire Sheldon Adelson’s Macau casino operator is launching its long-delayed fourth resort, a $4.4 billion complex that is its latest bet on continued strong growth in the world’s biggest gambling market.
- China Inland Cities Power New Growth Offsetting Slowing on Coast
Don’t talk to Tobias Kerle about China’s slowing growth, the general manager of Continental AG’s 12-month-old tire factory in the city of Hefei is too busy planning to double output. “We’ve been ramping up the plant at a speed more than double what we knew before,” said Kerle, 42, at the factory in the capital of Anhui province, 400 kilometers (250 miles) inland from Shanghai.
- Mumbai Is the World’s Least Affordable Home Market – Shanghai is Second
The average Indian would need to work for three centuries to pay for a luxury home in Mumbai, making that city the least affordable in the world for locals, according to an analysis of real estate and wages.
This list is updated daily, so tune in again tomorrow for more up to date information, or subscribe to our daily email news digest to get this delivered to your mailbox.
- Wahaha opens Waow Plaza shopping mall in Hangzhou – and more of Today’s China Real Estate Links | December 3, 2012
- 2 More Private Real Estate Developers Go Bust in Hangzhou and Guangdong
- CIFI & Henderson China to Jointly Develop RMB 763 Mil Hangzhou Project – and more of Today’s China Real Estate Links | July 24, 2013
- Poly Q1 Home Sales Rise 6% in First Quarter – and more of Today’s China Real Estate Links | April 11, 2012
- Soho China Plans To Buy Shanghai Property Project For CNY2.1 Billion – and more of today’s China Real Estate Links | April 18, 2012
Sign up for our newsletters
- SOHO China's Zhang Xin Beats Out Brad Pitt to Buy NY Townhouse
- Greenland Sells RMB 1.5 Bil in Sydney Homes in First Weekend
- Shanghai Tower Crane Operator Wins Photo Prize
- RightSite Featured in Wall Street Journal Article on China's Warehouse Market
- What Bloomberg is Afraid to Report About China's Richest Man
- CCTV Accuses China Real Estate Developers of Tax Evasion
- Shui On Land Sells Chongqing Office Tower for RMB2.4 Bil
- Wang Jianlin Loses #1 China Billionaire Spot to Robin Li – Today’s China Real Estate Links | December 5, 2013
- Evergrande Joins with Harvard to Build Hospitals in China
- China Real Estate Giants Now Investing in Harvard
- Wharf’s China Investment Expected to Pay Big Dividends – Today’s China Real Estate Links | December 4, 2013
- GLP Extends Cooperation with COFCO to Lease 30,000 Sqm (323,000 Sq Ft) in China
- China final HSBC factory PMI eases to 50.8 in November
- Johnson Controls opens Chengdu plant to supply Volvo
- GLP Launches US$3 Billion China Logistics Fund
- Mercedes-Benz Opens Engine Factory in China
- Merck to build new pharmaceutical manufacturing plant in China