Greater China’s real estate professionals continue to jockey for professional position as we head into the summer with a Tesco graduate jumping to Turner & Townsend, Cushman & Wakefield snatching another senior level exec from a competitor, and more. Read… Read More>>
Shanghai Project Frozen By Courts as Developer Can’t Pay Bills
The credit problems of China’s real estate industry spread into its first-tier cities recently when a 220,000 square metre development project was halted by the courts after the developer ran out of cash.
The suspension of the mixed-use project belonging… Read More>>
Hohhot Confirms Removal of Home Sales Restrictions
After some apparent second thoughts, the Chinese city of Hohhot has officially lifted some of the key restraints on home sales, as the Inner Mongolian capital struggles with a severe oversupply of housing.
According to a statement on Hohhot’s local… Read More>>
Cushman & Wakefield Adds Linda Chan to Beijing Leasing Team
Real estate consultancy Cushman & Wakefield continued to expand its China team last week by bringing over Linda Chan as a director with the New York-based company’s Tenant Advisory Group.
Operating from Cushman & Wakefield’s Beijing office, Chan will be… Read More>>
Guess Not Hohhot! Inner Mongolian City Backtracks on Real Estate Rules
The capital of Inner Mongolia seems to have succeeded in finding out how far a Chinese city can go in rolling back policy restrictions on home sales, and the answer appears to be “not quite that far.”
After the government… Read More>>
Franshion Properties Raises $414M in Jinmao Hotel Group IPO
Chinese hotel development group Jinmao Investments and Jinmao (China) received a lukewarm welcome in its debut on the Hong Kong stock exchange yesterday, raising HK$3.2 billion ($414 million) in an undersubscribed IPO.
The spin-off of hospitality assets from mainland developer… Read More>>
China Construction Bank Buys London Office Tower for $187M
For the second time this month a Chinese financial institution has acquired a London office building, as China Construction Bank was revealed today to have purchased a tower in the city’s financial district for 110 million pounds ($187 million).
China… Read More>>
ResortsWorld Casino and Greenland Group Korean Deals Halted
The new governor of South Korea’s Jeju island has decided that Chinese property projects in the gambling mecca, including a $2.2 billion casino and a 63-storey resort tower, need a second look and this could mean trouble for some mainland… Read More>>
Hangzhou Developer Arrested After Loan Default and Fraud Reports
China’s real estate industry and the shadow banking network that it relies on received a collective black eye this week when a Hangzhou developer first defaulted on loan payments, and was later arrested on fraud allegations surrounding RMB 2 billion… Read More>>
Shanghai World’s 4th Best for Real Estate Investment
A study on real estate investment prospects released this week compared 300 cities worldwide for basic factors driving commercial property value growth, and ranked Shanghai fourth, behind only San Francisco, London, and Dubai.
The Global 300 Cities report by property… Read More>>
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