Construction work began this month on the Jean Nouvel-designed National Art Museum of China, on the site of the former Olympic grounds in Beijing.
Pritzker Prize winner Nouvel beat out Frank Gehry and Zaha Hadid in a 2013 competition to… Read More>>
Govt Raids 13 Hebei Developers After Funding Scheme Collapses
94 people were detained in a growing funding scandal involving real estate developers and private lenders in the northern Chinese city of Handan recently as a slowdown in housing sales exposed risky funding practices.
A report in the official Xinhua… Read More>>
Agile Property Trips Over Rights Issue, Falls 7.2%
Real estate developer Agile Property Holdings tumbled more than 7.2 percent on the Hong Kong stock exchange today after it became the third China property firm in 30 days to declare a rights issue.
Guangzhou-based Agile is following hometown competitors… Read More>>
Greenland Group Completes Acquisition of $360M Toronto Project
Shanghai’s Greenland Group has finalised the acquisition of a 67,000 square metre Toronto condominium project as China’s most aggressive overseas developer continues to add to its global portfolio.
The Chinese state-run real estate company acquired the site of the planned… Read More>>
China Real Estate People in the News 2014-09-22
This week China’s real estate community sees a new head of China real estate investment for a major US financial concern, a veteran broker joins JLL to advise Chinese investors on overseas deals and more. Read on for details.
Susan Sun… Read More>>
Morgan Stanley Reorganises Asia Real Estate in Run Up to New Fund
Morgan Stanley is reorganising the management of its real estate investment business in Asia, as the US investment bank prepares to launch a new $500 million to $1 billion property fund in the region.
According to a report in industry… Read More>>
Chinese Entrepreneur Buys Nicklaus-Designed Golf Course in Silicon Valley
Chinese investors have bought a number of high profile overseas assets in recent years, including dropping $500 million for a yacht maker, and buying the Chase Manhattan building in New York for $725 million. Now one Beijing-based entrepreneur has bought… Read More>>
Hang Lung’s Ronnie Chan Gives $20M to USC
Hang Lung Group chairman Ronnie Chan has followed up on his brother’s record breaking gift to Harvard by arranging his own $20 million donation to the University of Southern California.
According to a report on the university’s website, Chan, who… Read More>>
Over 100 Guests Join Mingtiandi Real Estate Event in Shanghai
More than 100 executives from over 50 firms joined Mingtiandi’s September happy hour on Thursday, as the event rapidly becomes the networking nexus for Shanghai’s commercial real estate community.
Among the 102 guests were representatives of a number of real… Read More>>
Hangzhou China’s Leading Loser as Housing Prices Drop 1.1%
China’s housing prices slid for the fourth straight month in August as potential buyers continued to wait for lower prices despite removal of home purchase restrictions in many cities. According to new numbers released today by the National Bureau of… Read More>>
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