Asia Pacific real estate investment news and information
It’s been known for some time that China’s real estate developers enjoyed a strong year in 2013. Now that the year is over, however, just how well some of theses property firms performed is becoming clearer.
Data provider China Real Estate Information Corp recently published figures showing that the number of developers with annual sales of more than 100 billion yuan rose to seven in 2013 — up from only three in 2012.
China’s real estate market performed beyond expectations in 2013, with most developers showing strong growth in sales and profits, and the majority of cities saw housing prices continuing to rise.
However, at least one China expert foresees such progress as harder to come by in 2014.
You’re not in Kansas anymore, it’s Shaanxi.
As malls proliferate across China, attracting shoppers to new stores is understandably getting mor challenging. So a new gold shop at a mall in Xi’an is using this precious metal to pull in those picky shoppers.
A reporter from China Radio International found that,
It seems that the mainland is not the only Chinese place grappling with taxing real estate as Taiwan’s mushrooming housing market is forcing authorities there to look for measures to cool down housing prices.
According to a report in the China Post,
Apple is set to open a new retail store in China on Friday, January 10 at the China Central Mall in the Chaoyang District of Beijing, approximately two miles from the existing Sanlitun Apple Store in Beijing.
The China Central… Read More>>
Asia’s richest man, Li Ka-shing continued to retreat from the mainland property market by selling a Nanjing commercial building recently for RMB 3 billion.
China’s Xinhua news agency reported on January 1st that mainland conglomerate SanPower Group indicated it had… Read More>>
China’s richest man is getting ready to face off with the world’s best known mouse.
Wang Jianlin, the founder of real estate developer Dalian Wanda has announced plans to invest tens of billions of renminbi into a “cultural city” destination… Read More>>
China Real Estate Tycoon Slams CCTV as ‘Dumbest Pig on Earth‘
Property tycoon Ren Zhiqiang, an influential microblogger with more than 16 million followers on his Chinese Weibo, slammed China’s state broadcaster in a recent post as “the dumbest pig… Read More>>
The latest major purchase of US property by a Chinese developer is the acquisition of a US$200 million Los Angeles project by Oceanwide Real Estate Group (000046.SZ).
According to a recent report in the Wall Street Journal, Beijing-based Oceanwide, which… Read More>>
While China grabbed worldwide headlines in 2013 for megaprojects such as the Shanghai Tower, not all the news is about bigger buildings. A mere 30-storey tower in Xiamen has taken home a Luban Prize, the country’s top award for design… Read More>>
