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Michael Cole

130 Elizabeth Street Sydney.

Aoyuan Property Buys Sydney Office Tower for $94.8M

2015/03/05 by Michael Cole Leave a Comment

Australia may be making noise about slowing down sales of homes to foreigners, but the government’s regulatory moves didn’t stop Aoyuan Property Group from becoming the latest Chinese developer to buy a project in Sydney.

The Guangzhou-based real estate firm… Read More>>

Joe Hockey FIRB

Evergrande Boss’ Sydney Mansion Caught in Aussie Crackdown

2015/03/04 by Michael Cole Leave a Comment

The billionaire owner of China’s Evergrande real estate bought one of the poshest homes in Sydney last year for A$39 million ($30.5 million). But now Xu Jiayin, who also owns Guangzhou Evergrande football club, has 90 days to sell off… Read More>>

Crystal Palace in Bromley.

Chinese Deal for London’s Crystal Palace All in Pieces

2015/03/03 by Michael Cole Leave a Comment

A £500 million ($772 million) plan for a Chinese developer to rebuild London’s famed Crystal Palace appears to have fallen apart recently after 16 months of delay.

Despite attracting a shortlist of architects including Zaha Hadid, Richard Rogers and David… Read More>>

Sun Hongbin Kaisa

Kaisa Seeks to Pay Less and Pay Slower in Talks with Creditors

2015/03/03 by Michael Cole Leave a Comment

Woeful and wobbly real estate developer Kaisa Group Holdings revealed its plans for restructuring nearly RMB 48 billion ($7.6 billion) in debts to domestic Chinese creditors today, as the company claws its way back from the brink of default.

The… Read More>>

Alex Young Nova

China Real Estate People in the News 2015-03-02

2015/03/02 by Michael Cole Leave a Comment

As Greater China’s real estate professionals return from the Spring Festival holiday, many of them are coming back to bigger roles in new cities. This week we have a former agency GM joining a serviced apartment investor, a Shanghai and… Read More>>

Treasurer Joe Hockey

Australia to Tax Foreign Home Buyers and Why It Won’t Matter

2015/02/28 by Michael Cole 2 Comments

Australia announced last week that it is putting in place new barriers to foreign purchases of homes in the country, and will start enforcing existing regulations, following a wave of Chinese investment that saw real estate prices in Sydney rise… Read More>>

China housing prices

China Average Home Prices Fall Again Spurring Rate Cuts

2015/02/28 by Michael Cole Leave a Comment

January’s rebound in home prices across China appears to have been short-lived as the average price of new housing sold in China during February slid by 0.24 percent nationwide compared to the previous month, according to a recent survey.

In… Read More>>

Yang Guoqiang

Developer Country Garden Sells $900M Bond

2015/02/28 by Michael Cole

Chinese real estate developer Country Garden Holdings sold a $900 million five-year bond on Thursday as the Guangzhou-based firm continues to restructure its financing in the face of China’s property slowdown.

The top-ten China developer’s latest bond issue was priced… Read More>>

Shenglong Los Angeles

Shanghai Developer Lands 5th Intl Project with LA Condo Deal

2015/02/28 by Michael Cole Leave a Comment

Chinese real estate developer Shenglong Group has acquired a site in Los Angeles for $26 million as the Shanghai-based company prepares for its fifth overseas project.

The privately held company paid one of the highest rates ever for the 44,412 square… Read More>>

China land market 2015

Land Sales Fall 25% as China’s Developers Go on a Diet

2015/02/28 by Michael Cole Leave a Comment

Land sales for property development fell by more than 25 percent last year in China, as the country’s real estate industry struggles to cope with falling housing prices and rising land costs.

According to China’s Ministry of Land and Resources,… Read More>>

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