China took a major step in the government’s move to urbanise its population when the nation’s cabinet officially approved a plan to grant official residence in the country’s major cities for 100 million people.
The move by China’s State… Read More>>
National Property Registration to be Trialled in June This Year
China took a major step towards implementing one of the key mechanisms for gaining better control of the nation’s real estate market recently when it unveiled a trial plan for a national property register.
The move was announced by the… Read More>>
Billionaire Cheng Yu-tung to Take China New World Land Private
While Asia’s richest man, Li Ka-shing has been selling out his China real estate assets, Hong Kong’s fifth wealthiest billionaire has decided to double-down on his China bets by taking New World China Land Limited (HKG:0917) private.
The HK$18.6… Read More>>
12 Square Metre Hong Kong Shop Sells for US$23M
The new record for most valuable commercial property in Asia belongs to 12 square metre (130 square foot) shop in Hong Kong’s trendy Causeway Bay shopping district.
The non-descript electronics shop at 77-83 Matheson Street near the popular Times Square… Read More>>
Paul Andreu-Designed Theatre Completed in Jinan
Paris-based architect Paul Andreu’s Jinan Grand Theater was completed recently as part of a provincial cultural and arts center in the northern Chinese city.
Andreu, who also designed the Pudong International Airport, as well as the National Grand Theater in… Read More>>
China Real Estate People in the News 2014-03-17
This week China’s community of real estate professionals witnesses fresh hires on the retail team at JLL (who by the way officially changed their name from Jones Lang LaSalle) in Shanghai, a new addition to the valuations team at DTZ… Read More>>
China’s Bad Bank Leads $304M Chicago Office Tower Investment
A new player may be emerging in China’s overseas investment surge as an investment vehicle majority invested by China Cinda, the nation’s “bad bank,” together with a US partner spent $304 million to purchase a 65-storey office building in Chicago.
The deal… Read More>>
Home Sales Figures Drop 5% as Developers Get Gloomy
The value of home sales in China totaled only RMB 598.5 billion during the first two months of 2014, representing a five percent drop from the same period a year ago, as clampdown on credit starts to reduce the number… Read More>>
90% of US CFOs in China Believe There’s a Real Estate Bubble
While market analysts remain divided over whether property prices in China are overinflated, the executives charged with safeguarding corporate finances are nearly unanimous in seeing a real estate bubble, according to recent survey.
The study by Duke University and CFO… Read More>>
CEO of Powerlong Real Estate Predicts 20% of Developers Will Die in 2014
The chief executive of Hong Kong-listed Powerlong Real Estate on Thursday predicted that a fifth of China’s developers would be out of business by year-end, as the country’s small and mid-sized real estate firms have come under more pressure from… Read More>>
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