Michael Cole

Wang Jianlin, owner of China’s biggest commercial land developer, is the nation’s wealthiest person, based on regulatory filings that show his non-real estate businesses are more valuable than previously calculated. The chair of closely held conglomerate Dalian Wanda Group, which became the world’s largest movie theatre chain after acquiring AMC Entertainment last year for $2.6 billion, has a net worth of $14.2 billion, according to the Bloomberg Billionaires Index. Read More>>

Longfor Properties said net attributable profit rose slightly to 3.85 billion yuan, in the first half of this year and was cautiously optimistic about prospects for the sector despite government attempts to rein in property prices. In the year earlier period, the mainland based property developer and investor announced a 3.81 billion yuan profit. Read More>>

The price gap between luxury homes in Hong Kong and Shanghai is expected to continue narrowing, fuelled by growing demand from the wealthy at home and abroad.

With Beijing announcing last month its landmark plan to create a free-trade zone in Shanghai, property consultants believes prices in the city are fast catching up with Hong Kong’s.

Tags:

luxury

residential
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