Following a year in which home prices in Sydney have risen 13 percent, and an estimated 18 percent of homes are being sold to Chinese, Australian lawmakers are recommending tighter controls on sales of real estate to overseas buyers.
Leaning Disney Relocation Homes Perfectly Safe Say Officials
Two buildings in Shanghai’s Pudong district that leaned over and began showing cracks after their foundations subsided have been declared safe by government authorities, despite residents’ protests.
Last week the twin 15-storey buildings were found to have leaned so far… Read More>>
Canada Reopens Its Doors to Wealthy Chinese with New Investor Visa Program
Wealthy Chinese seeking refuge from Beijing’s smog and Shanghai’s crowds will once again find a welcome in Canada as the North American nation is expected to soon introduce a new investor visa program.
The new program would offer Canadian residency… Read More>>
Greenland Breaks Ground on 486 Metre Ice Tower in Chengdu
Shanghai’s Greenland Group, which has made a name for itself in recent years by being one of China’s most aggressive overseas investors, has brought that same “Invest first. Ask questions later,” approach to Chengdu, by starting work on southwest China’s… Read More>>
China Launches New Rules to Harmonize Architecture
Since coming to power two years ago, Xi Jinping has tightened his grip on everything from Internet gossip to official corruption, now it appears that China’s new leadership is asserting authority over the aesthetics of new buildings.
And according to… Read More>>
China Vanke Says Beijing Real Estate Has Bottomed Out
China’s biggest property developer is saying that the country’s biggest real estate market has bottomed out, but one of China Vanke’s top officials cautions that no quick rebound is in site.
Speaking at the company’s annual meeting with securities companies,… Read More>>
Bank of China Expects to Double Aussie Mortgage Business in 2 Years
Following soon after China’s landmark free trade agreement with Australia and riding an investment wave that is estimated to have Chinese investors purchasing $39 billion in Aussie homes, one of China’s biggest banks expects to double the number of mortgages… Read More>>
Beijing’s Wangfujing Ranks 13th for Retail Rents Globally
Rents in China’s most expensive shopping district rose by more than nine percent in the last year, but the increase was only enough for Beijing’s Wangfujing to keep its ranking as the world’s 13th most expensive place to open a… Read More>>
Fitch Ratings Says China Real Estate Yields Too Low for REITs
China’s government says the country is ready for real estate investment trusts (REITs), but according to analysts at Fitch Ratings, even if the legal codes are in place, rental yields need to rise before REITs become a reality on the… Read More>>
Mingtiandi’s Michael Cole to Lead Two Sessions at MIPIM Asia 2014
Asia’s biggest real estate industry trade show takes place in Hong Kong on December 2nd and 3rd as more than 800 industry professionals gather for MIPIM Asia 2014. In recognition of the growing importance of Chinese investors and investment opportunities… Read More>>
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