China’s new housing sales fell in value by 7.8 percent in 2014 driven by a decrease in sales and rising inventories of unsold homes.
According to a report released this week by China’s National Bureau of Statistics, sales of new… Read More>>
Wang Jianlin’s Next Investment Said to Be Atletico Madrid
Wang Jianlin, China’s wealthiest real estate developer, has already diversified into movie theatres and theme parks, and now the billionaire mall builder may be making his next big deal on the soccer pitch.
According to reports in the international press… Read More>>
Nick Loup Joining Board of London’s Chelsfield Group
London-based Chelsfield recently announced that Nicholas Loup, the long-time APAC head of Grosvenor will be joining the UK real estate investment firm’s board of directors.
Industry observers believe that the decision by Chelsfield to include Loup among its top decision-makers… Read More>>
China Real Estate People in the News 2015-01-19
This week China’s outbound investment migration is leading to a real estate professional migration as two agency veterans leave China to better serve Chinese investors in western markets. We also have more moves at a major US developer, and Canadians… Read More>>
China Housing Price Slide Slows as Shenzhen Said to Recover
China’s housing prices fell for the eighth straight month in December, according to data released today by the National Bureau of Statistics. However, the average monthly rate of decline in prices of new housing (including subsidised units) slowed slightly –… Read More>>
Hong Kong’s Lai Sun Closes on $162M London Acquisition
Hong Kong-listed real estate company Lai Sun Development has closed on its acquisition of 100 Leadenhall Street, a 125,000 square foot (11,600 square metre) office building in the City of London, according to reports in the London media.
Lai Sun,… Read More>>
Fosun Rebrands One Chase Manhattan Plaza as 28 Liberty
Fosun Property Holdings, has announced that it has renamed its One Chase Manhattan Plaza as “28 Liberty,” as the real estate arm of one of China’s largest investment conglomerates steps up marketing for the landmark building it acquired in 2013.
Kaisa Project Frozen in Hangzhou – More Cities Could Follow
Government bans on property sales are no longer confined to Shenzhen, as real estate developer Kaisa now sees its troubles spreading to other cities, and reports indicate that a Shanghai property developer has also had projects frozen.
According to a… Read More>>
Shenzhen Says Some Project Freezes Are Routine
Authorities in Shenzhen finally shed some clarity late yesterday on the government freezes of property sales that have shaken the country’s real estate firms, saying that at least some of the regulatory moves were routine.
According to a statement on… Read More>>
China Property Crisis Spreads As Government Locks Down More Projects
Investors in China’s real estate market scrambled to figure out which investments might be safe today as a total of six real estate developers are now said to have had sales frozen by the government. The unexplained official crackdown now… Read More>>
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