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Parkson Nanning China

Parkson Closes Beijing Shop as Department Stores Stagger

Parkson Nanning China

2014/07/14 by Michael Cole Leave a Comment

Parkson Retail Group has temporarily closed one of its Beijing stores following reports of dropping sales and after it permanently closed two stores in other Chinese cities.

Sam Au, chief financial officer of Parkson Retail Group, told the local press… Read More>>

Parkson Retail Group has temporarily closed one of its Beijing stores following reports of dropping sales and after it … Read more>>>

Jinan downtown

Jinan Lifts Home Purchase Restrictions Amid Housing Glut

Jinan downtown

2014/07/14 by Michael Cole Leave a Comment

The capital of eastern China’s Shandong province will now allow potential buyers to purchase as many homes as they would like, regardless of whether or not they are residents.

The move by the city of Jinan was confirmed by officials… Read More>>

The capital of eastern China's Shandong province will now allow potential buyers to purchase as many homes as they would … Read more>>>

foreign buyers of US homes

Chinese Grab $22B in US Homes to Become Biggest Foreign Buyers

foreign buyers of US homes

2014/07/10 by Michael Cole Leave a Comment

Chinese purchases of US homes rose 19 percent during 2013 to total $22 billion in housing purchases. The surge in spending made China the leading foreign buyers of US homes with 24 percent of US housing purchases by foreign buyers… Read More>>

Chinese purchases of US homes rose 19 percent during 2013 to total $22 billion in housing purchases. The surge in … Read more>>>

Hong Kong Plaza Shanghai

Shanghai Sees Record Prices for Land and Homes This Week

Hong Kong Plaza Shanghai

2014/07/10 by Michael Cole Leave a Comment

In a sign that China’s real estate downturn isn’t being felt the same way in every location, the country’s commercial capital this week saw a record price paid for a land parcel at almost the same time that a developer… Read More>>

In a sign that China's real estate downturn isn't being felt the same way in every location, the country's commercial … Read more>>>

Mark Suchy C&W

Mark Suchy Joins C&W as Head of Capital Markets E China

Mark Suchy C&W

2014/07/10 by Michael Cole Leave a Comment

Real estate service provider Cushman & Wakefield today announced the appointment of Mark Suchy to the position of Director, Capital Markets, East China.

Based in Shanghai, Suchy will be charged with leading the US-based firm’s Capital Markets team in Eastern… Read More>>

Real estate service provider Cushman & Wakefield today announced the appointment of Mark Suchy to the position of … Read more>>>

Dalian Wanda Chicago

Wang Jianlin’s Wanda Buys 90% of $900M Chicago Project

Dalian Wanda Chicago

2014/07/09 by Michael Cole 1 Comment

Dalian Wanda, the real estate developer owned by China’s richest man, reportedly has acquired a site in Chicago to develop a $900 million mixed-use residential, hotel and commercial complex.

The development project in Chicago’s Lakeshore East area is the third… Read More>>

Dalian Wanda, the real estate developer owned by China's richest man, reportedly has acquired a site in Chicago to … Read more>>>

Lian Ping Bank of Communicatiuons

China Real Estate Trust Financing Drops 60% in June

Lian Ping Bank of Communicatiuons

2014/07/09 by Michael Cole Leave a Comment

Once a major source of credit for China’s small and medium-sized developers, financing from trusts dropped off precipitously in June as the country’s wealthy individuals seem to have lost their taste for the loosely regulated shadow banking products.

According to… Read More>>

Once a major source of credit for China's small and medium-sized developers, financing from trusts dropped off … Read more>>>

Poly Beijing

Poly Real Estate to Sell Beijing Homes for RMB 100k Per Sqm

Poly Beijing

2014/07/08 by Michael Cole Leave a Comment

Beijing’s local government seems to have lost its fear of rising housing prices as it recently allowed a project by Poly Real Estate Group to go on sale for nearly RMB 100,000 ($16,100) per square metre.

The new record price… Read More>>

Beijing's local government seems to have lost its fear of rising housing prices as it recently allowed a project by Poly … Read more>>>

Xu Jiayin Evergrande

Evergrande June Sales Reach New Record of RMB 13.1B

Xu Jiayin Evergrande

2014/07/08 by Michael Cole Leave a Comment

Evergrande Real Estate Group (HKG:3333) announced this week that it had set a new record for sales revenue in June, reaching RMB 13.1 billion. The strong sales by the top five Chinese developer appears to demonstrate the growing split between… Read More>>

Evergrande Real Estate Group (HKG:3333) announced this week that it had set a new record for sales revenue in June, … Read more>>>

REIW Asia 2014

China Real Estate Investors See Opportunities in 2014 Downturn

REIW Asia 2014

2014/07/07 by Michael Cole Leave a Comment

With China’s headlines filled by stories of defaulting developers and falling home prices, some of the world’s largest real estate investors are finding 2014 to be a good year for negotiating property deals in the world’s second-largest economy.

In a panel discussion that… Read More>>

With China's headlines filled by stories of defaulting developers and falling home prices, some of the world's largest … Read more>>>

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