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China Allows Mortgage-Backed Securities as Funding Channel

2014/07/22 by Michael Cole Leave a Comment

China moved to prop up funding for individual homebuyers today by allowing the country’s first offering of mortgage-backed debt sales, after banning the financial products in 2007 after they helped bring about the meltdown of the US economy.

According to… Read More>>

China moved to prop up funding for individual homebuyers today by allowing the country's first offering of … Read more>>>

Fortune China 100

Half of China’s Real Estate Royalty Drop Out of 100 Richest Families

Fortune China 100

2014/07/22 by Michael Cole Leave a Comment

While China’s real estate downturn has yet to create the kind of distress seen in the US in 2008, it still is taking a toll on the fortunes of the country’s commercial kings and queens, according to Fortune magazine.

In… Read More>>

While China's real estate downturn has yet to create the kind of distress seen in the US in 2008, it still is taking a … Read more>>>

Apple Store Chongqing

Apple to Open Latest China Retail Store in Chongqing

Apple Store Chongqing

2014/07/22 by Michael Cole Leave a Comment

Apple will open its eleventh store in China on Saturday as the US electronics firm continues to enjoy mad popularity in the world’s second-largest economy, despite recent criticism from local media.

The latest official outlet for Apple will be at… Read More>>

Apple will open its eleventh store in China on Saturday as the US electronics firm continues to enjoy mad popularity in … Read more>>>

Brisbane CBD

Greenland Group Teams with Packer for Brisbane Casino Bid

Brisbane CBD

2014/07/21 by Michael Cole Leave a Comment

China’s most aggressive overseas investor has teamed up with Australia’s second-richest man in a race to win the rights to a multi-billion dollar casino development in Brisbane, Australia. In a joint venture first reported on Friday, Shanghai’s Greenland Group plans… Read More>>

China's most aggressive overseas investor has teamed up with Australia's second-richest man in a race to win the rights … Read more>>>

Evergrande Xu Jiayin

Evergrande Real Estate Offers Down-Payment Loans to Boost Sales

Evergrande Xu Jiayin

2014/07/21 by Michael Cole Leave a Comment

Guangzhou-based developer Evergrande Real Estate has begun offering down payment loans that allow buyers to purchase a home with no cash down, as China’s real estate firms search for incentives to stimulate sales.

The sales promotion program from China’s third-largest… Read More>>

Guangzhou-based developer Evergrande Real Estate has begun offering down payment loans that allow buyers to purchase a … Read more>>>

Alice Yuan DTZ

China Real Estate People in the News 2014-07-21

Alice Yuan DTZ

2014/07/21 by Michael Cole Leave a Comment

This week China’s real estate professionals continue to be on the move and on the way up, with two more promotions at JLL, and moves up at mall developer K11 as well as a new face with DTZ’s valuation department… Read More>>

This week China's real estate professionals continue to be on the move and on the way up, with two more promotions at … Read more>>>

Hangzhou housing

China Housing Prices Fall in 55 Out of 70 Cities

Hangzhou housing

2014/07/21 by Michael Cole Leave a Comment

China’s housing market is now sliding nationwide, as government statistics released on Friday show falling home prices have spread to 55 of 70 cities surveyed. The drop in housing sales and average prices comes as developers struggle with a glut… Read More>>

China's housing market is now sliding nationwide, as government statistics released on Friday show falling home prices … Read more>>>

Chen Zhenggao of the Ministry of Housing and Urban Rural Development

National Auditors Allege RMB9.37B Fraud and Abuse in Public Housing

Chen Zhenggao of the Ministry of Housing and Urban Rural Development

2014/07/21 by Michael Cole Leave a Comment

China recently set aside RMB 119.3 billion ($19.2 billion) to provide affordable housing for its middle-class, but the program seems to first be creating opportunities for massive fraud and abuse of funds.

The country’s National Audit Office issued a statement… Read More>>

China recently set aside RMB 119.3 billion ($19.2 billion) to provide affordable housing for its middle-class, but the … Read more>>>

Wu Zhizhong

Lust for Real Estate (and Porn) Fells Chinese Officials

Wu Zhizhong

2014/07/21 by Michael Cole Leave a Comment

Details of the downfall of another set of local officials felled by the Xi Jinping government’s anti-corruption campaign were released last week, and once again the misbehaving bureaucrats were accused of accumulating vast real estate holdings. (As well as a… Read More>>

Details of the downfall of another set of local officials felled by the Xi Jinping government's anti-corruption campaign … Read more>>>

SOHO China Harvard

SOHO China Owners Give $15M for Harvard Scholarships

SOHO China Harvard

2014/07/17 by Michael Cole Leave a Comment

China’s real estate elite continued to build bridges with the US this week when Zhang Xin and Pan Shiyi – the flamboyant couple behind developer SOHO China – announced a $15 million gift to Harvard University.

The pair of property entrepreneurs donated… Read More>>

China's real estate elite continued to build bridges with the US this week when Zhang Xin and Pan Shiyi – the flamboyant … Read more>>>

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