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Michael Cole

Eiffel Tower Hangzhou

More Housing Discounts on Way as China’s Developers Feel Pressure

2014/07/03 by Michael Cole Leave a Comment

After two quarters of slowing homes sales and the occasional developer collapse, China real estate analysts are predicting lower prices and looser credit for the second half of the year.

A report released this week by CRIC, a unit of E-House… Read More>>

Song Weiping Greentown China

Zhejiang Developers Now Guaranteeing That Prices Will Go Up

2014/07/02 by Michael Cole Leave a Comment

The problem with China’s real estate market in 2014 is confidence, and whether there is too much confidence or not enough of it may depend upon which side of a deal you are sitting on.

Developers in Zhejiang – one… Read More>>

Atlantic Yards

Greenland Group Closes on $4B Deal with NY’s Ratner

2014/07/02 by Michael Cole Leave a Comment

The US subsidiary of China’s Greenland Group announced this week that it has closed a joint venture deal to develop Atlantic Yards, a 22-acre residential and commercial real estate project in Brooklyn, New York.

Under the terms of the agreement,… Read More>>

Beijing Apple Store

Apple to Open 6 More Stores in China Including Tianjin and Hangzhou

2014/07/01 by Michael Cole Leave a Comment

Future geniuses rejoice! China is about to open Apple stores in six more Chinese cities, and you could get a job helping the country gorge itself on pretty electronic devices from the iconic US firm.

According to Apple’s own website, the… Read More>>

China housing market

Home Prices Dropped in 71 Out of 100 Chinese Cities in June

2014/07/01 by Michael Cole Leave a Comment

China’s slide in home prices continued in June, according to two privately conducted surveys, with nearly three-quarters of the country’s largest cities covered in one study reporting drops in average housing costs compared to May.

According to data from China… Read More>>

Sunseeker yacht

Yacht Designers Rejoice Over Shanghai FTZ’s New Rules

2014/07/01 by Michael Cole Leave a Comment

Not everyone got what they wanted when Shanghai’s Pilot Free Trade Zone (FTZ) released a much awaited revision of its famous negative list today, but at least the yacht designers and green tea makers will be happy.

The two niche… Read More>>

Hellenikon airport site

Fosun to Invest in $9.3B Greek Casino and Resort Project

2014/06/30 by Michael Cole 1 Comment

A plan for a 6.8 billion Euros ($9.3 billion) integrated resort invested by Chinese conglomerate Fosun along with partners from Greece and Abu Dhabi has now received approval from the Greek government.

The investment by Fosun, which was first reported… Read More>>

investment prospects

Real Estate Pros Rank China’s Top 5 Cities for Investment and Development

2014/06/30 by Michael Cole Leave a Comment

Non-profit real estate research organisation Urban Land Institute (ULI) has just polled its members on what cities are best for property investment, and despite high prices and scarce land, Shanghai has come out on top for the second year in… Read More>>

Darren Benson

China Real Estate People in the News 2014-06-30

2014/06/30 by Michael Cole Leave a Comment

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>>

Yuehe International Plaza

Shanghai Project Frozen By Courts as Developer Can’t Pay Bills

2014/06/30 by Michael Cole Leave a Comment

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>>

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