Here is a list of the day’s latest China real estate news collected from around the web:
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2 Out of China’s Top 10 CEOs Work in Real Estate
Forbes China released 2013 Forbes China Best CEOs on July 3, 2013. Hong Qi, CEO of China’s Minsheng Bank, topped the ranking. Dong Mingzhu, CEO of Gree Electric Appliances, ranked the third on the list. It is the first time that a woman has risen to the top three.
Forbes China has released China best-performing CEO list since 2005. The initial name of the list was China’s Best Boss. From 2012, Forbes China has begun to study Chinese companies that are listed overseas, not just A-share companies.
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18% of foreign home buyers in US are Chinese
Chinese buyers, closely behind Canadian buyers, spent $12.3 billion on US real estate over the 12 months ending March 31, according to statistics from the National Association of Realtors.
During the past year, Chinese accounted for 18% of the $68.2 billion that foreigners spent on homes in the US. The median price of homes purchased by Chinese was $425,000, higher than that of other foreign buyers, which was $276,000.
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Beijingers Losing 5.5 Years of Life to Air Pollution
To tempt tourists from heavily polluted north China to visit scenic Fujian in the nation’s southeast, the coastal province ran a clean-air tourism campaign earlier this year, with TV ads that concluded “Fresh Fujian, take a deep breath.”
If officials dare, a new punch line is now available: “Fresh Fujian, live longer.” A major study released Monday in the USA found that air pollution from burning coal has slashed 5.5 years off life expectancy in north China, compared with the less-polluted south.
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China Poly Real Estate H1 profit rises 35 pct-prelim results
Chinese property developer Poly Real Estate Group said on Wednesday that its first-half profit rose 35 percent.
Its net profit rose to 3.4 billion yuan during the January-June period from 2.5 billion yuan ($407.86 million) from a year earlier, according a preliminary earnings statement.
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