The Crown Estate, which manages the Queen of England’s real estate assets, announced late last week that it had joined with an investment-arm of the Chinese government to buy a shopping centre in the UK for £345.5 million ($576.76 million).
China Real Estate People in the News 2014-08-18
This week Fosun takes on some leadership for its new logistics investment division, Dalian Wanda brings on board more international talent, and US mall developer Taubman builds up its leasing team in Shanghai. Read on for more faces in new… Read More>>
Developer Fantasia Adjusts Sales Target as Profits Fall 68 Percent
Hong Kong-listed Fantasia Holdings became the first mainland developer to cut its sales target this year after it announced late last week that it had suffered a 68 percent fall in profits during the first half of 2014.
The Shenzhen-based… Read More>>
Audit Examines Land Sales as Govt Tracks Down Real Estate Wealth
As China pushes forward with president Xi Jinping’s anti-corruption drive, the government seems to be paying increasing attention to the country’s real estate market.
In the last four days, three significant steps have been taken to clamp down on corruption… Read More>>
China Retail Slowdown Spreads From Boutiques to Big Box Stores
Same store sales at China’s largest hypermarket chain will fail to grow in 2014, and the owners of the RT-Mart stores blame it on the country’s slowing economy. The announcement from Sun Art Retail Group on August 14th hints that China’s… Read More>>
China Housing Sales Drop 10.5% in 2014 as Credit Dries Up
Housing sales in China dropped 10.5 percent during the period from January to July this year as buyers continue to wait for further price decreases and banks appear to be pulling back sharply on credit.
According to figures released by… Read More>>
Cushman & Wakefield Expands Research Team in Southern China
Real estate services agency Cushman & Wakefield continued to expand its China team this week with announcements of new leadership for its research department in Shenzhen and Guangzhou.
The US-based consultancy said in a statement that Cary Sheih has joined… Read More>>
Wang Jianlin Plans $1.57B in Aussie Investments Starting with a Gold Coast Jewel
Not content with taking on Hollywood, China’s richest man is now headed to Surfers Paradise as Dalian Wanda prepares to invest up to $1.57 billion in Australian real estate projects, starting with a $1 billion beachfront hotel.
In an announcement to… Read More>>
Filipino Billionaire Braves the Downturn to Launch New Housing Projects
While most real estate developers in China are turning cautious about taking on new housing projects in second and third-tier cities, SM Group’s Henry Sy is announcing new residential developments planned for the cities of Chengdu and Yangzhou.
Sy, who… Read More>>
Hainan Highest for Real Estate Investment as Tourism Rises
As China’s housing boom fades the country’s real estate investors appear to be shifting to tourism, as “destination” provinces now lead the nation for property investment’s contribution to their economies.
In Hainan, which is the only tropical island province in… Read More>>
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