Shares in Kaisa Group Holdings are down by more than nine percent after the company revealed that the Shenzhen government had frozen sales at three of its projects and the company’s largest shareholders scaled back their stake in the Chinese real estate… Read More>>
Bank Reserve Cut Expected This Month as Borrowing Costs Stay High
Despite a late November interest rate cut by China’s central bank, the country’s economy continues to be hampered by high lending costs that could bring further action by the bank – including a reduction in reserve ratios – as early… Read More>>
Investors Opting for Tokyo Over Shanghai for 2015 Real Estate Deals
When China’s home team of investors prefers to hit the road rather than take on real estate projects domestically, then it may come as no surprise that a regional survey of property professionals shows most Chinese cities falling from favor… Read More>>
Will Wanda’s Two December IPOs End Jack Ma’s Reign as China’s Richest Man?
Billionaire Wang Jianlin’s Dalian Wanda Commercial Properties won approval this week for a $5 billion initial public offering later this month, and the Hong Kong listing of the Chinese real estate firm could reshuffle the ranks of China’s mega-rich.
The… Read More>>
China Property Registration to Begin in March in Corruption Crackdown
More bad news could be on the way for China’s property market early next year, as the government will reportedly implement a long awaited national real estate registry in March.
The nationwide log of who owns what properties is expected… Read More>>
China Housing Decline Continues to Slow in November
China’s housing prices fell for a seventh straight month in November, but the rate of decline continued to taper off as government measures to revive the market began to take hold.
According to a report released yesterday by real estate… Read More>>
China Real Estate People in the News 2014-12-01
December welcomes China’s community of real estate professionals with a second consecutive week of high level defections from a major agency’s retail team, a veteran asset manager joining an Aussie financial giant, and a veteran logistics broker setting up his… Read More>>
NDRC Study Finds China Wasted $6.8T During Investment Boom
Just days after China’s central bank appeared to move back onto a pro-growth track, a report by the country’s highest-level planning body has found that a previous round of economic stimulus resulted in $6.8 trillion in wasted investment.
The document… Read More>>
Australia Set to Restrict Foreign Home Sales Amid Chinese-Fuelled Boom
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>>
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