Eastern China’s Zhejiang province could be in for more trouble as the SWAT team was called in to calm protests that erupted in the city of Taizhou after property developers began discounting home prices by 30 percent late last month.
Did a Failed Tysan Privatisation Send Blackstone Asia Chief Packing?
Blackstone Group LP last week let its team know that Michael Chae, the chief of Asia private equity for the alternative investment giant, would be returning to New York to resume his former job as head of media and communications… Read More>>
Shenzhen Airport Becomes World’s Biggest Colander as Rain Rushes In
When it opened last year, Terminal Three at Shenzhen’s Bao’An International Airport was hailed as a milestone in China’s improving design universe, with a ground-breaking honeycomb skin that filled the structure with natural light.
Unfortunately, while the design may have… Read More>>
Vanke Sales Slide 5 Percent in March as Transactions Slow Down
If the performance of Vanke (000002.SZ) represents a best-case scenario for the nation’s housing market, then the industry has fallen by at least five percent in the last year, according to financial data released last week by China’s largest real… Read More>>
China Real Estate People in the News 2014-04-07
This week Greater China’s real estate world sees a flurry of moves with Mapletree fortifying its Shanghai team, Dutch design firm MVRDV stepping up its mainland presence and even Coco Lee taking on a business development role. Read on for… Read More>>
Greenland Picks Up 2 New Sydney Sites to Build More Chinese Homes
Greenland Group announced recently that it has acquired two more parcels of land in Sydney, Australia as China’s most aggressive international real estate investor brought its basket of major overseas projects purchased this year to six.
The Shanghai-based property developer… Read More>>
Tencent and E-House Team Up with Zillow: Weep for Soufun
New York Stock Exchange-listed Soufun (NYSE:SFUN) is the leading residential real estate portal in China and made $637.38 million last year, mostly from helping Chinese real estate developers and agents market properties through banner advertising on the site’s home page.
China Developer Liquidity Still Stable Says Moody’s
Moody’s Investors Service says that the rated Chinese property developers will achieve positive but smaller growth in sales revenues over the next 12 months, while maintaining adequate liquidity. The announcement came recently after the collapse of a Ningbo real estate… Read More>>
Asia City Centres Shifting as Rents Rise and Infrastructure Improves
Five years ago if you had asked a Shanghainese the way to the downtown business district, he likely would have pointed you in the direction of West Nanjing Road. In Hong Kong you’d have headed to Central, or in Singapore… Read More>>
Housing Discounts Spread to Top Cities as Property Market Slows
China’s residential real estate market continued to slow in March as price increases slackened and the number of sales fell in many cities across the country. The market also reported more cases of developers discounting homes to reduce inventories, even… Read More>>
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