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Founder Scandal Reveals Central Beijing Site Bought for $13 a Sqm

2015/03/26 by Michael Cole Leave a Comment

An ongoing scandal involving two powerful Chinese companies has already led to several detentions related to corruption charges, and this week it revealed how one of Beijing’s most prime locations was acquired for just RMB860 per square metre ($12.90 per… Read More>>

An ongoing scandal involving two powerful Chinese companies has already led to several detentions related to corruption … Read more>>>

HK’s Link REIT Buys Beijing Mall for RMB2.5B

2015/03/26 by Michael Cole Leave a Comment

Hong Kong’s Link REIT has acquired a Beijing shopping mall for RMB2.5 billion (US$403 million) in the first mainland acquisition by Asia’s largest real estate investment trust.

Link REIT announced the deal to purchase the 74,000 square metre (800,000 square… Read More>>

Hong Kong's Link REIT has acquired a Beijing shopping mall for RMB2.5 billion (US$403 million) in the first mainland … Read more>>>

Yi Gang SAFE

New Rules Could Let Wealthy Chinese Invest Up to $2M Overseas

Yi Gang SAFE

2015/03/23 by Michael Cole Leave a Comment

Individual Chinese citizens could soon be allowed to invest as much as $1 million to $2 million overseas without regulatory approval, according to a statement by a deputy governor of the country’s central bank over the weekend.

The relaxation on… Read More>>

Individual Chinese citizens could soon be allowed to invest as much as $1 million to $2 million overseas without … Read more>>>

Potsdamer Platz in Berlin

Ping An and Fosun in Bidding War for $1.6B Berlin Complex

Potsdamer Platz in Berlin

2015/03/23 by Michael Cole Leave a Comment

Two of China’s biggest international real estate investors are said to be facing off in a contest to acquire an 18 building commercial strip in downtown Berlin that has been put on the market for 1.5 billion euros ($1.6 billion).

… Read More>>

Two of China's biggest international real estate investors are said to be facing off in a contest to acquire an 18 … Read more>>>

Jimmy Lu

China Real Estate People in the News 2015-03-23

Jimmy Lu

2015/03/23 by Michael Cole Leave a Comment

This week China’s real estate professionals on the move include a familiar Scotsman taking on new responsibilities at Cushman & Wakefield, JLL bringing in new blood in Shanghai, and an English architect trading in Asia’s bright lights for greener fields… Read More>>

This week China's real estate professionals on the move include a familiar Scotsman taking on new responsibilities at … Read more>>>

Peter Fankhauser Thomas Cook

Fosun Said Shortlisting 50 Hotels in Global Investment Drive

Peter Fankhauser Thomas Cook

2015/03/23 by Michael Cole Leave a Comment

Fosun Group has drawn up a shortlist of 50 hotels for acquisition globally as the Chinese investment house plans to invest more than $500 million on hospitality sector assets.

The Shanghai-based conglomerate’s plans for the tourism industry were revealed at… Read More>>

Fosun Group has drawn up a shortlist of 50 hotels for acquisition globally as the Chinese investment house plans to … Read more>>>

Country Garden Restarts Work on Scaled Back $121B Malaysian Project

2015/03/22 by Michael Cole 2 Comments

Chinese developer Country Garden is restarting work on a scaled back version of a residential real estate project in southern Malaysia’s Johor state after complaints from local citizens and the Singapore government.

Country Garden’s Forest City development was originally planned… Read More>>

Chinese developer Country Garden is restarting work on a scaled back version of a residential real estate project in … Read more>>>

Xu Jiayin Evergrande

Why the New York Times is Wrong About Evergrande’s $16B “Lifeline”

Xu Jiayin Evergrande

2015/03/19 by Michael Cole 2 Comments

International media from Bloomberg to the New York Times carried headlines today declaring that Evergrande Real Estate, a Guangzhou-based developer noted for its aggressively leveraged balance sheet, had just received 100 billion yuan ($16 billion) in new credit to prop… Read More>>

International media from Bloomberg to the New York Times carried headlines today declaring that Evergrande Real Estate, … Read more>>>

monthly change in house prices

China Housing Prices Fall at Record Pace in February

monthly change in house prices

2015/03/19 by Michael Cole Leave a Comment

After showing signs of stabilising in December, China’s housing prices fell by an average of nearly 5.5 percent in February, compared to the same month a year ago. The faster fall in home prices came as China’s spring festival holiday… Read More>>

After showing signs of stabilising in December, China's housing prices fell by an average of nearly 5.5 percent in … Read more>>>

John Elkann

Shanghai’s Fosun Said to Pursue Cushman & Wakefield

John Elkann

2015/03/17 by Michael Cole Leave a Comment

Shanghai-based investment group Fosun is considering an offer for property consultancy Cushman & Wakefield, which was put up for sale by Italy’s Agnelli family in February.

The current owners are asking $2 billion for the world’s third-largest real estate services… Read More>>

Shanghai-based investment group Fosun is considering an offer for property consultancy Cushman & Wakefield, which … Read more>>>

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