This week China’s real estate community sees the top dog at a major US real estate investment manager depart, the latest defection from a Fortune 500 real estate service provider in Shanghai, and our usual crop of promotions and new… Read More>>
Over 100 Guests Expected for Shanghai Real Estate Event on Thursday
Since its announcement last week more than 80 executives have already reserved places at Mingtiandi’s China real estate networking event this Thursday, with total attendance expected to surpass 100 guests. The get-together on September 18th is a continuation of the successful… Read More>>
Socam Slashes Chengdu Prices by 30% in Scramble for Cash
Socam Development, an affiliate of Shui On Land cut prices by 30 percent at a housing project in central Chengdu last week as the troubled real estate company struggles against slumping sales and falling prices.
According to local media reports,… Read More>>
Bad Boy Broker Caught After RMB 200M Real Estate Fraud
120 outlets of China’s Ningxia Xinglin Real Estate Marketing Co suddenly shut their doors in recent weeks after more than 1200 customers across four provinces reported having been cheated by the property brokerage.
Now the company’s owner, Wu Binglin, is… Read More>>
China Housing Sales Fall By 10.9% in 2014 as Economy Slows
China’s sales of homes fell by 10.9 percent during the first eight months of 2014 compared to the same period last year – an even more dramatic slowdown than the 10.5 percent drop recorded during the period through July.
The… Read More>>
Bank of America Merrill Lynch Sees Risk of China Becoming Japan
Distortions in China’s housing market, along with other factors, may lead China into an extended period of asset deflation similar to Japan’s, according to a report released this week by Bank of America Merrill Lynch.
The report, “Will China Repeat… Read More>>
Century 21 Real Estate Now Selling Houses on Alibaba’s Taobao
Just in case Alibaba’s Jack Ma needed another win before his ecommerce giant launches its IPO next week, one of China’s biggest real estate agencies announced this week that it has begun selling houses on his group’s Taobao B2C platform.
Ministry of Commerce Opens Gates for More Outbound Investment
Owners of big buildings around the world should send China’s Ministry of Commerce a thank you note today, after the regulatory body announced that most overseas investments by Chinese companies would no longer need the ministry’s approval.
The decision by… Read More>>
Shimao Property Chasing $914M Sydney Housing Project
Shimao Property, one of China’s largest real estate developers, is reportedly in the advanced stages of acquiring an office block in downtown Sydney, Australia for development of a new residential project valued at A$1 billion ($914 million).
The acquisition, which… Read More>>
Capital of Qinghai Latest Chinese City to Lift Home Purchase Restrictions
The city of Xining in northwestern China became the latest Chinese metropolis to abolish home purchase restrictions this week, as the country continues to struggle with a slowdown in the real estate market.
The capital city of sparsely populated Qinghai… Read More>>
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