Here is a list of the day’s latest China real estate news collected from around the web:
- Shui On to Accelerate Chongqing Project After Bo’s Ouster
Shui On Land Ltd. (272), which developed the Xintiandi entertainment complex from century-old homes in Shanghai, plans to boost construction in Chongqing to capture rising demand in China’s western city. The Shanghai-based developer started marketing its Chongqing Tiandi cluster this week for a project that includes offices, a luxury hotel and retail space, Chief Executive Officer Freddy Lee said in a phone interview yesterday.
- Foreign Demand for Singapore Luxury Homes Dries Up; Prices to Fall 15%
Singapore, one of the hottest property markets in Asia, is set to see a drop of up to 15 percent in prices of luxury homes this year, as foreign demand dries up on account of tightening measures and global economic uncertainty.
“The residential market (in Singapore) is expected to see softer demand in 2012 given weaker economic conditions as well as government policy risk.
- Chinese, Southeast Asians Purchase Half of New London Homes
Investors from China and Southeast Asia bought one in every two new homes in central London last year as the number of wealthy individuals in the region swells, Jones Lang LaSalle Inc. said.
- Uniqlo to accelerate store openings in China
apanese fashion retail giant Fast Retailing plans to accelerate growth in China and is set to open 62 additional stores in the country over a one year period. The retailer said it plans to open 62 stores over the year ended August 2012.
- Shanghai and Beijing Among World’s Top Retail Cities Says CBRE
A SURVEY of 326 of the world’s top retailers showed that 38.9 per cent of them are in Singapore, making it the 10th most popular retail city in the world. The only Asian city to fare better was Hong Kong, which ranked sixth with 40.5 per cent of retailers surveyed in the city. Shanghai and Beijing were ranked 11th and 13th respectively, followed by Tokyo in 19th place.
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