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Michael Cole

Poly Beijing

Poly Real Estate to Sell Beijing Homes for RMB 100k Per Sqm

2014/07/08 by Michael Cole Leave a Comment

Beijing’s local government seems to have lost its fear of rising housing prices as it recently allowed a project by Poly Real Estate Group to go on sale for nearly RMB 100,000 ($16,100) per square metre.

The new record price… Read More>>

Xu Jiayin Evergrande

Evergrande June Sales Reach New Record of RMB 13.1B

2014/07/08 by Michael Cole Leave a Comment

Evergrande Real Estate Group (HKG:3333) announced this week that it had set a new record for sales revenue in June, reaching RMB 13.1 billion. The strong sales by the top five Chinese developer appears to demonstrate the growing split between… Read More>>

REIW Asia 2014

China Real Estate Investors See Opportunities in 2014 Downturn

2014/07/07 by Michael Cole Leave a Comment

With China’s headlines filled by stories of defaulting developers and falling home prices, some of the world’s largest real estate investors are finding 2014 to be a good year for negotiating property deals in the world’s second-largest economy.

In a panel discussion that… Read More>>

Jinan Grand Theatre

Bank Grabs Assets of Defaulting Chinese Developer

2014/07/07 by Michael Cole Leave a Comment

A government-owned bank in the city of Jinan has confiscated and begun selling off the assets of a delinquent local government real estate company, after successfully suing the property firm in court.

Qilu Bank Co, announced last week that it… Read More>>

Yiyin Chiang

China Real Estate People in the News 2014-07-07

2014/07/07 by Michael Cole Leave a Comment

This week China’s real estate community sees another addition to the team at The Redwood Group, a flurry of promotions at JLL, and a new face at the property arm of one of China’s insurance giants. Read on for more… Read More>>

Shanghai Housing

Shanghai Home Sales Slid 36.5% in June

2014/07/07 by Michael Cole Leave a Comment

Sales of new housing in Shanghai dropped 36.5 percent in June compared to the same month last year, as China’s commercial capital continues to be hit by a housing slump.

Although a survey released one week ago by China Index… Read More>>

Vanke CEO Yu Liang

China Vanke June Sales Up 44% to RMB 19.4B

2014/07/07 by Michael Cole Leave a Comment

Although China’s real estate market is having a rough year, China Vanke, the country’s biggest developer, just declared a 44 percent increase in contracted sales.

According to an announcement from the company on Friday, the newly Hong Kong listed real… Read More>>

Sky City groundbreaking

World’s Tallest Building Still a Changsha Watermelon Patch

2014/07/07 by Michael Cole Leave a Comment

While plans for a pair of one kilometre tall towers in Wuhan have been in the news recently, an 838 metre tall Chinese project announced last year and planned for completion by April 2014, appears to currently be serving as… Read More>>

Jinan housing policy

Jinan Next in Line as Chinese Cities Roll Back Real Estate Restrictions

2014/07/03 by Michael Cole Leave a Comment

An announcement dated yesterday on a Jinan city government website indicated that the second tier city in Shandong province will soon join several other Chinese urban centres in revising restrictions on home sales as real estate markets sag across the… Read More>>

cao yuansheng bank of china

Bank of China Downplays Hard Landing for Real Estate Sector

2014/07/03 by Michael Cole Leave a Comment

A report issued yesterday by one of China’s four largest banks said that the country’s real estate market is at an inflection point, but dismissed the likelihood of a hard landing in the sector, or for significant knock-on effects in… Read More>>

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