Hong Kong’s most active private equity shop is turning its attention to the land of the rising yen after turning some successful deals in China and the US. Back on the mainland, Shanghai home prices have reached a record $6,000 per square metre while the nation’s largest developer try to find a use for $461 billion in unsold housing. Read on for all these stories and more.
Gaw Capital Partners plans a surge of investment in Japanese hotels, commercial buildings and other real estate over the next two years, aiming to profit from brisk foreign tourism.
The Hong Kong real estate fund manager sees Japan as a critical market and will spend $300 million to $400 million on property in the Tokyo, Osaka and Nagoya areas by 2017, Chairman Goodwin Gaw told The Nikkei. Read more>>
THE average cost of new homes hit a record in Shanghai last week despite weak buying sentiment, market data showed.
The price of new homes sold across the city rose 7.6 percent to 40,442 yuan (US$6,207) per square meter on average during the seven-day period ended on Sunday, exceeding the 40,000 yuan per square meter threshold for the first time. But the area of new homes sold dived 40.2 percent from the previous week to 160,700 square meters, Shanghai Homelink Real Estate Agency Co said in a report yesterday. Read more>>
In the world’s most populous country, people are having difficulty finding a “home” of their own — both before and after death.
China’s population is aging rapidly due in large part to Beijing’s long-standing “one child” policy. As many as 10 million people die each year in China, and that number is expected to rise going forward. Read more>>
Inventories of China’s 137 real estate companies listed on the Shanghai and Shenzhen bourses exceeded 3 trillion yuan ($461.3 billion) in 2015, according to statistics from Wind, a financial data provider.
Of them, the top five listed real estate companies by market value took up 42 percent of the total inventories. Read more>>
China will strengthen regulations on real estate agencies after they became a major source of customer complaints due to misleading information.
The Ministry of Housing and Urban-rural Development is working with related departments on policies to regulate housing listings of agencies and strengthen management of brokers, Vice Minister Lu Kehua said on Friday. Read more>>
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