Here is a list of the day’s latest China real estate news collected from around the web:
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China Property Firms See New Market in Old Age Homes
China’s property sector has been a reliable money-spinner even in the face of a nearly four-year government campaign to hold the line on speculation. But at least some property firms are starting to hedge their bets, taking a look at fresh opportunities from China’s aging population.
A number of companies that have a lengthy track record in real estate are looking to turn their hand at property management with a twist – managing facilities that care for the elderly.
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Developer Meijing to Buy US Aircraft Maker
A US aviation company called Mooney is planning to re-start production of its single-engine aircraft in January. A Chinese media report – by Cri English – says a deal to take over the company has been finalized with a Chinese real estate developer, Meijing Group. Mooney makes small, fast and energy efficient planes. But the company experienced some serious turbulence during the recent financial crisis.
Mooney is not one of the biggest names in general aviation but those who fly them develop an almost fanatical brand loyalty. They are known as “Mooniacs
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Barclays, UBS and BOA All Foresee Hong Kong Home Price Slump
Barclays Plc joined UBS AG (UBSN) and Bank of America Corp. in forecasting a Hong Kong property slump, predicting home prices will fall at least 30 percent by the end of 2015 as income growth stalls and supply increases.
A “downward spiral of home prices is likely” as developers and homeowners adjust expectations, analysts Paul Louie and Zita Qin wrote in a report today. They assigned a “negative” rating to the Hong Kong property sector and said office prices will drop 20 percent.
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Shanghai Free Trade Zone May Create A New Financial Hub
It’s been almost a month since the pilot Shanghai Free Trade Zone was formally launched with fanfare and high hopes. The zone covers 28 square kilometers in four areas of the city. What will be some of the biggest impacts for one of both China’s and Asia’s most important international business centers?
Areas covered by the Shanghai Free Trade Zone are set east of the Puxi area that is popular among city tourists.To learn more, I recently talked to Peter Garrison, associate director in the investment and advisory for Colliers International in Shanghai.
For one, he said, the effort is likely to create a new financial services hub close to the Shanghai’s existing one in Lujiazui, the current home of Shanghai Stock Exchange, HSBC and numerous other financial institutions in the city
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Speculators pile into Shanghai free-trade zone
For would-be property buyers in Shanghai, the development of its free-trade zone presents a tantalising opportunity.
Just last year, Waigaoqiao – the port area where part of the free-trade zone is based – was hardly a hot property spot.
But the news that Shanghai would develop a Hong Kong-style free port catapulted the area into the international limelight, attracting hundreds of corporate and individual investors looking to secure a foothold in Waigaoqiao.
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