Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
A recent attack on Hong Kong billionaire property tycoon Li Ka-shing in China’s state-controlled media highlights the symbolic importance of his recent decision to sell off his holdings in Shanghai, analysts said.
A Sept. 13 editorial by Liaowang Institute, which is linked to the official news agency Xinhua, attacked Li after his plans were revealed. Read more>>
Benjamin Cha Yiu-chung, Grosvenor’s Asia-Pacific chief executive since April, says he wants to double the share of Asia-Pacific assets in the UK developer’s portfolio to 20 per cent “sooner rather than later”.
To do this the privately held London-based firm is focusing on projects in Hong Kong, Shanghai, and Tokyo – for now. Read more>>
The Eden Project signed an historic agreement today to create a spectacular new £100 million China Eden centre, in what will be its first big building venture overseas.
The UK-based educational charity has teamed up with the leading developer China Jinmao Holdings Limited to design and develop an iconic tourism and education project in the major city of Qingdao on the east coast of the People’s Republic of China. Read more>>
Analysts at Japanese investment bank Nomura, note that the overall sentiment in the Chinese property market seems to be stabilising as both the price surge in large cities and decline in smaller cities have moderated.
“We expect the property investment correction to continue given its structural nature. The increase in property prices moderated further in large cities (during August),” Nomura pointed out in a recent market commentary. Read more>>
Tune in again tomorrow for more news, and be sure to follow @Mingtiandi on Twitter for headlines as they happen.