Hong Kong-listed real estate developer Country Garden Holdings has reportedly appointed a veteran advisor on hotel development to serve as the company’s chief representative in the US. The move is significant as it seems to portend expansion by Guangdong-based Country… Read More>>
Are Bond Defaults on the Way for the Property Industry? Take the 2 Minute Survey
China’s real estate industry stocks have slid this week following the nation’s first corporate bond default last Friday. Credit ratings agencies have also raised concerns over the financial health of some of the nation’s property developers.
But just how big… Read More>>
Agencies Warn of China Developer Risks Amid Credit Scares
Slower sales and rising land prices will put stress on some of China’s real estate developers this year according to recent reports by credit agencies Standard & Poor’s and Moody’s.
The warnings from the ratings agencies happened in the same week that China saw its first default of a corporate bond as the country’s leaders attempt to wean businesses from their addiction to cheap credit.
NY Design Firm Selected for China Pavilion at Expo Milan 2015
The organiser of China’s pavilion at Expo 2015 in Milan has selected a proposal by New York-based architecture firm Link-Arc, together with partner Tsinghua University, as the winner of the competition to design China’s entry in the upcoming world’s fair.
Was Anti-Graft Campaign the Real Reason Luxury Retail Struggled in 2013? Mingtiandi Survey Results
While China’s luxury retailers fell well short of their goals in 2013, the major cause of the industry’s struggles was poor planning, not a government clampdown on bribery and draft, according to a survey conducted last week on Mingtiandi.
Among… Read More>>
China Real Estate People in the News 2014-03-10
This week China’s community of real estate professionals is treated to another senior level executive departing CBRE, new leadership for the country’s car parks, and fresh hires at Goodman and JLL.
Nick Jones has left his role with… Read More>>
Chanel’s Karl Lagerfeld to Design 270-Room Macau Hotel
Fashion guru Karl Lagerfeld is going to design a hotel in Macau, as one of the fashion world’s iconic figures turns his attention to a new style sector.
The Chanel mogul is adding to his extensive list of talents – which already include drawing and helicopter design – by turning his hand to architecture and creating a 270-room hotel in Asia’s gambling mecca, Macau.
According to a recent press report, the fashion designer says that he’s turning to hotel design only because he was tired to buying more houses.
Warburg Pincus-Backed Chinese Developer Raises $258M in HK IPO
Sunshine 100 China Holdings Ltd, a commercial and residential real estate developer backed by US private equity firm Warburg Pincus had a low-end debut on the Hong Kong Stock Exchange last week as the company’s IPO came in at the bottom of pricing expectations.
Sunshine 100 raised HK$2 billion (US$258 million) after pricing its 500 million share offering at HK$4.00 per share, compared to marketing range of HK$4.00 to HK$4.80 each.
Meet Asia’s 13 Wealthiest Real Estate Barons
Out of the world’s 20 real wealthiest real estate tycoons, 13 of them are Chinese, according to the latest Forbes Rich List which tracks the fortunes of the world’s wealthiest people.
Only six of the richest real estate 20 are… Read More>>
China Retail Real Estate Survey — Test Your Market View Against 3000 Pros
65 percent of luxury retailers in China are said to have missed their 2013 targets for new store openings, now Mingtiandi helps you find out the real story from our weekly readership of 3000 industry professionals.
These disappointing results appear to point to a slowdown in what was once China’s hottest real estate sector.
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