China’s housing market continued to show signs of recovery in April with sales of new homes climbing on a annualised basis for the first time in over a year.
Sales of new housing nationwide grew to RMB 485.4 billion ($78.2… Read More>>
Over 90% of China Developers Expect Boost From Rate Cuts
It’s only been a few days since China cut interest rates to revive a slowing economy and boost property sales, but the monetary measure already seems to be raising confidence among the country’s listed real estate developers.
A survey of… Read More>>
Wang Jianlin Buys Monet Masterpiece for $20.1M
On May 5, Chinese property developer Wang Jianlin sent out a press release in five languages announcing that he had passed Li Ka-shing to become Asia’s richest man, after his fortune had increased to an estimated $36.2 billion.
In case… Read More>>
TPG-Backed DTZ Acquires Cushman & Wakefield for $2 Bil
A private equity group led by TPG Capital of the US is moving quickly to create what could be the world’s second-largest property consultancy by swooping in to acquire New York-based Cushman & Wakefield for a reported $2 billion.
According… Read More>>
China Real Estate People in the News 2015-05-11
This week Greater China’s community of real estate professionals features a selection of team members jumping from one property consultancy to another, as well as a crop of agency veterans jumping to find new challenges at competing companies. Read on… Read More>>
Chinese Developer Plans $500 Mil Project for Anaheim, CA
A little known Chinese developer is planning a nearly $500 million project in southern California that would create a new urban district combining homes, a shopping centre and a hotel.
The mixed-use project by a US subsidiary of Hong Kong-listed… Read More>>
400% Increase in Property-Linked Loans Threatening China’s Banks: Fitch
China’s real estate industry may be showing signs of recovery this year, but the slumping sector still represents the single largest threat to the nation’s banks, according to an independent credit agency.
In a report examining risks facing China’s publicly… Read More>>
Credit Suisse Predicts Chinese Will Buy $47.6B in Aussie Homes
A surge in Australian home purchases by Chinese buyers has led Credit Suisse to predict that mainland investors will put A$60 billion ($47.6 billion) into housing down under over the next six years.
The projection is a major upward revision… Read More>>
Greenland Group Breaks Ground on 48-Storey Toronto Project
Greenland Group, China’s largest developer by sales, began construction of its third project in North America on Friday when it broke ground on a pair of towers in downtown Toronto.
The King Blue development in Toronto’s entertainment district will include… Read More>>
Greenland Group Breaks Ground on $922M London Housing Project
Greenland Group, which last year grew to become China’s largest real estate developer, started growing its business in the UK last week when it ground on a ₤600 million ($922 million) residential project.
The Ram Quarter project is one of… Read More>>
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