Despite the increase in their average total revenue, nearly 60 percent of listed mainland real estate companies in Hong Kong, Shenzhen and Shanghai registered a decline in net profit margin during 2012, reflecting the beginning of a profitability down… Read More>>
US Developer Pays a Record $2.2 Billion for Shenzhen FTZ Site
Only two days after China’s government announced a new free trade zone in Guangdong province, a US real estate developer paid a record RMB 13.4 billion (US$2.21 billion) for a site in Shenzhen.
The land acquisition by Silverstein Properties, which… Read More>>
China Real Estate People in the News 2014-01-27
Each week on Mingtiandi we track who among China’s commercial real estate community has left their role, been promoted, or found out they weren’t getting that big bonus and took off to work for some local developer who has real… Read More>>
CapitaLand Acquires Residential Site in Ningbo for US$181 Mil
CapitaLand China, a subsidiary of Singapore’s largest real estate developer announced recently that it had acquired a residential site in the port city of Ningbo in eastern China’s Zhejiang province for S$232 million (US$181.45 million).
The 57,370 square metre site in the Sunjia area of the city’s Jiangbei district was acquired through a government land auction, and CapitaLand said in a statement that it intends to develop approximately 1,100 homes on the property.
Take the Mingtiandi Map Survey!
You may have noticed that this week in the feature story on the new Capitaland project in Ningbo, Mingtiandi included an embedded Google Map showing where the property is (and if you’re not familiar with China, where Ningbo is).
Adding… Read More>>
Mingtiandi Chinese New Year Break 2014
One of the great things about being a foreigner in China, is that I get to double-up on holidays!
So my apologies for taking some time off again so soon after the Christmas break, but it’s now time for Mingtiandi… Read More>>
CITIC and Swire Plan 295K Sqm Mixed-Use Project in Dalian
CITIC Real Estate, Dalian Port Real Estate and Swire Properties jointly announced today that the three parties have signed a framework agreement to jointly develop a project in Dalian Port.
The signing took place in Dalian. Song Chuan, Chief Executive… Read More>>
NYSE-Listed Xinyuan Real Estate Appoints 2 New Directors
Xinyuan Real Estate Co., Ltd. (NYSE: XIN), a residential real estate developer with a focus on high growth cities in China, today announced the appointment of Mr. Xinqi Wang and Mr. Yumin Liang as directors of the Company, effective immediately…. Read More>>
DC-Based Architect Creates Design for Shaoxing Cultural Park
A design by Washington DC-based architect Liu Xiang has been selected for a new commercial real estate development in the city of Shaoxing in China’s Zhejiang province.
The architect believes that the design for the 160,000 square metre cultural centre… Read More>>
China Approves 12 More Free Trade Zones
China’s central government has given the nod to 12 free trade zones (FTZs) following the one in Shanghai, amid a spurt of nationwide enthusiasm for such schemes.
Tianjin Municipality and Guangdong Province have been green-lit to set up FTZs, a source with knowledge of the approval told Xinhua-run Economic Information Daily on Wednesday, refusing to leak the remaining 10.
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