A cross-border consortium of private equity investors led by a unit of Standard Chartered Bank last week put $124 million into a Chongqing real estate project in a deal that may signal a greater role for private investment funds in… Read More>>
China Real Estate People in the News 2014-07-14
This week China’s real estate community sees another tranche of promotions at JLL, someone receiving an upgrade at Colliers in Singapore, and a new face at EC Harris in Hong Kong. Read on for more details.
Brian Fu has joined… Read More>>
Shanghai and Beijing Rank as 10th and 11th Most Expensive Cities
New York is cheaper than Beijing and London’s a better bargain than Shanghai, but at least Hong Kong is cheaper than Luanda, Angola.
A report on the cost of living in major cities around the world shows that Hong Kong, Singapore,… Read More>>
Parkson Closes Beijing Shop as Department Stores Stagger
Parkson Retail Group has temporarily closed one of its Beijing stores following reports of dropping sales and after it permanently closed two stores in other Chinese cities.
Sam Au, chief financial officer of Parkson Retail Group, told the local press… Read More>>
Jinan Lifts Home Purchase Restrictions Amid Housing Glut
The capital of eastern China’s Shandong province will now allow potential buyers to purchase as many homes as they would like, regardless of whether or not they are residents.
The move by the city of Jinan was confirmed by officials… Read More>>
Chinese Grab $22B in US Homes to Become Biggest Foreign Buyers
Chinese purchases of US homes rose 19 percent during 2013 to total $22 billion in housing purchases. The surge in spending made China the leading foreign buyers of US homes with 24 percent of US housing purchases by foreign buyers… Read More>>
Shanghai Sees Record Prices for Land and Homes This Week
In a sign that China’s real estate downturn isn’t being felt the same way in every location, the country’s commercial capital this week saw a record price paid for a land parcel at almost the same time that a developer… Read More>>
Mark Suchy Joins C&W as Head of Capital Markets E China
Real estate service provider Cushman & Wakefield today announced the appointment of Mark Suchy to the position of Director, Capital Markets, East China.
Based in Shanghai, Suchy will be charged with leading the US-based firm’s Capital Markets team in Eastern… Read More>>
Wang Jianlin’s Wanda Buys 90% of $900M Chicago Project
Dalian Wanda, the real estate developer owned by China’s richest man, reportedly has acquired a site in Chicago to develop a $900 million mixed-use residential, hotel and commercial complex.
The development project in Chicago’s Lakeshore East area is the third… Read More>>
China Real Estate Trust Financing Drops 60% in June
Once a major source of credit for China’s small and medium-sized developers, financing from trusts dropped off precipitously in June as the country’s wealthy individuals seem to have lost their taste for the loosely regulated shadow banking products.
According to… Read More>>
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