Here is a list of the day’s latest China real estate news collected from around the web:
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Policies chill property sales
China’s major cities saw a drop in property sales during the Lunar New Year holiday, indicating a further correction in the real estate market.SouFun Holdings Ltd, China’s largest property website, said on Monday that among the 29 cities it monitors, 27 experienced a drop in property transactions.
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Chinese buyers pick up property in Australia
Foreign developers made up about 30 per cent of the Australian market last year, and China took up 9 per cent of that – an increase over previous years.The China Daily News reported that more than 1,200 apartmentswere either planned, being marketed or were under construction by Chinese companies in Australia in the fourth quarter of 2011, according to real estate firm CBRE. The Chinese mainland was only led by Singapore (37 per cent), Hong Kong (20 per cent) and Malaysia (12 percent ).
Tags: overseas-investment, australia
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Wharf upsizes bond to $600 million amid roaring demand
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Several Marimekko stores to be opened in China
Significant partnership aims to open 15 Marimekko stores in China and Hong Kong by the end of 2016.Marimekko has today signed a partnership agreement with Hong Kong-based Sidefame Ltd who specialises in retailing a range of fashion and lifestyle brands. The aim of the partnership is to open 15 Marimekko stores in China and Hong Kong by the end of 2016. The stores will be owned by Sidefame, and their location, visual aspects and local marketing will be closely in line with Marimekko’s policy.
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Cushman’s Hong Kong and Asia Pacific Property Market Forecast
Cushman & Wakefield, the world’s largest privately owned real estate services firm, today announced its forecast for the Hong Kong and Asia Pacific property markets, which covers the commercial leasing, investment and residential markets.Decline in leasing of Grade A office space expected, rents to drop by 5% to 15%.
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Shares of E-House China Under Pressure, Down 3.9%
E-House China (NYSE:EJ) is one of today’s notable stocks in decline, down 3.9% to $5.67. The S&P is currently trading 0.9% lower to 1,305 and the Dow Jones Industrial Average is trading 0.8% lower to 12,565.Potential upside of 26.7% exists for E-House China, based on a current level of $5.67 and analysts’ average consensus price target of $7.18. The stock should find resistance at its 200-day moving average (MA) of $7.47, as well as support at its 50-day MA of $5.37.
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Real estate down under proving to be very attractive
Chinese investors are showing an increasingly high level of interest in the Australian property market. Chinese developers were responsible for 9 percent of the 30 percent share foreign developers took in the Australia apartment market last year.
In a review by real estate company CBRE for the fourth quarter, more than 1,200 apartments were either planned, being marketed or were under construction by Chinese companies in Australia. The Chinese mainland was only led by Singapore (37 percent), Hong Kong (20 percent) and Malaysia (12 percent).Tags: overseas-investment, australia, cbre,
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