Here is a list of the day’s latest China real estate news collected from around the web:
- Overseas funds invest big in China property deals
Foreign Investment has started once again to pour into the Chinese commercial real estate market as Chinese developers are selling properties to survive a lag in cash flow, Beijing Business Today reported. On Monday, US-based Pramerica Financial Group acquired a large shopping center development in Guangzhou for 2 billion yuan through a subsidiary after a year of negotiations.
- AMC Entertainment in talks to sell to China’s Wanda Group
AMC Entertainment, the United States’ second-largest movie theater chain, is negotiating a deal to sell all or part of itself to Wanda Group, owner of China’s largest theater company, two people familiar with the talks said. The deal, if concluded, would make Wanda the first Chinese company to establish a major foothold in the North American theatrical business.
- Australian Design Firm Wins Gigs in Beijing and Chengdu
MELBOURNE architecture and planning company CK Designworks has deepened its activities in China, winning two more large commissions. In Beijing, the company is designer architect for a $500 million hotel and retail complex, while in Chengdu it has been commissioned to design a 1 million square metre biological, medicine, science and technology park.
- Yangzhou housing policy could see govt disapproval
Housing-management authorities in Yangzhou, Jiangsu province, introduced a policy on Tuesday that rewards homebuyers who purchase already finished residences, raising questions over whether that offer will come into conflict with the central government’s real estate restrictions. Yangzhou homebuyers who purchase finished homes, commonly known as refined decorated houses, will receive cash rewards that vary in accordance with the size of the residences they buy, according to a government circular posted on the housing authorities’ official website.
- Foxconn Setting up China Headquarters in Shanghai
Apple supplier Foxconn plans to set up headquarters in China, as part of the company’s growing expansion in manufacturing and commercial operations. The building in Shanghai, which will be completed in early 2015, will house research and development and sales, and also act as a center for Foxconn’s e-commerce business in China.
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