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.
Beijing Approves Sale of RMB 100k Per Square Metre Homes
Beijing’s city government announced pre-sale approvals for two new — and record-breakingly expensive — real estate projects in China’s capital.
According to a report in the South China Morning Post, a permit was issued on Sunday for a project in the city’s Chaoyang district to begin selling units with prices as high as RMB 100,537 per square metre, with the cheapest units being priced at RMB 53,072 per square metre.
China’s Fosun Confident It Has Cash to Buy Portuguese Insurer
Chinese conglomerate Fosun International Ltd (0656.HK), which is rapidly becoming one of China’s leading global investors, today reassured investors that it has adequate cash to finance its proposed 1 billion euro purchase of Portuguese insurer Caixa Seguros e Saude.
The company also indicated that it will continue to look for investment opportunities outside of China.
Hong Kong’s Fu Wah Group Buys Melbourne Park Hyatt for A$135m
A privately owned Hong Kong real estate developer added to the flood of Chinese money into Australia this week by picking up the Melbourne Park Hyatt Hotel for a reported A$135 million (US$119.78 million).
The five star hotel is located near Melbourne’s Parliament House at 1 St Andrews Place and was developed in 1999 by Lustig & Moar at a cost of $150 million. The sale involves both the 240 room Park Hyatt hotel and an adjoining commercial car park.
CIFI China Launches USD200M in 5-Year Bonds in Fight for Financing
CIFI Holdings (Group) Co. Ltd. (HKEX Code: 884), a top 100 real estate developer in China, announced today that the Group has successfully issued its third issue five-year USD bonds with a coupon rate of 8.875%, with an order book of over USD1.1bn from investors in Asia and Europe.
In a statement the company indicated that net proceeds from the bond issue will mainly be used to refinance the Group’s existing debt and for other general corporate purposes.
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