Beijing-based real estate developer Soho China reported a 47 percent drop in profits for the second half of 2013, as the developer which made its name building office complexes and then selling off individual units, struggles to switch to… Read More>>
Evergrande Now Owns 5 Percent of Beijing’s Huaxia Bank
Guangzhou-based property developer Evergrande Group has brought its stake in China’s Huaxia Bank up to 5 percent from 4.522 percent in January, according to a statement filed by the bank with Shanghai Stock Exchange on Tuesday.
The latest announcement marks… Read More>>
GLP Signs 39,000 Sqm in Leases, Including New Vanke Deal
Warehouse developer Global Logistic Properties Limited (GLP) has signed three new lease agreements totaling 39,000 square meters (420,000 square feet) in Xi’an, and Suzhou.
The leases, with three different companies, in two separate cities, include an agreement to provide warehouse… Read More>>
Chinese Investors to Buy $39 Bil in Australian Homes
Chinese buyers are expected to purchase US$39.54 billion worth of Australian residential property over the next seven years, according to a report released today by Credit Suisse.
The investment bank estimates that 12 per cent of all new housing purchases… Read More>>
24-Year-Old Chinese Property Heiress is World’s Youngest Billionaire
She may not be as wealthy as 29-year-old Mark Zuckerberg, but Perenna Kei, the majority shareholder of China real estate developer Logan Property Holdings (HKG:3380) has five more years to catch up.
The 24-year-old property princess became a billionaire courtesy… Read More>>
China Home Price Growth Slows as Big City Markets Freeze Up
Two separate surveys by private research firms show that the increase in China housing prices slowed in February. At the same time, figures from Beijing and Shanghai show that transactions have fallen off dramatically as buyers and sellers both wait… Read More>>
Developer China Vanke Moves Stock Listing to Hong Kong
The biggest real estate company in the world’s second largest economy, China Vanke, announced this week that it is moving its stock listing from Shenzhen to Hong Kong.
The move, which was reported in the Wall Street Journal yesterday, allows… Read More>>
HK Most Expensive Place to Live and Work, Shanghai is 10th
Hong Kong is the world’s most expensive city for companies to locate employees, with mainland competitor Shanghai coming tenth, according to a recent survey by real estate consultancy Savills.
However, a separate poll published today by the Economist rates Singapore… Read More>>
65% of Luxury Retailers Missing China Targets Amid Anti-Corruption Drive
Zara is in and Prada is out as Xi Jinping’s crackdown on corruption is starting to cause problems for high-end brands in China. According to a recent market survey 65 percent of luxury retailers failed to reach their targets for… Read More>>
Wanda’s Wang Jianlin Doubles Money on US Theatre Investment
Billionaire Wang Jianlin got $900 million richer in eighteen months by making a US investment that many observers at the time dismissed as an ego move.
The chairman of China’s Dalian Wanda has seen his original $800 million share purchase… Read More>>
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