Third Apple Store In Beijing to Open In Wangfujing – and more of Today’s China Real Estate Links | October 17, 2012

Here is a list of the day’s latest China real estate news collected from around the web:

• Third Apple Store In Beijing Opens In Wangfujing Later This Month

  An Apple store is opening in China next week, in Wangujing Street, an outdoor pedestrian mall that has been there for over 800 years. This will the the third retails store in Beijing, China, and it’s said that it will be the largest Apple store in Asia. It will join over 200 other shops in the shopping destination center about a mile from historic Forbidden City and Tiananmen Square.

  The store should occupy a corner building of the historic shopping area, according to website MIC Gadget, and will take up the bottom half of the building at least, if not all four levels of the current building.

• Beijing offices still hot properties

  The cost of renting Grade A office space in Beijing is expected to increase by 20 percent this year despite the slowdown in China’s economic growth, leading more companies to move their offices, the international real estate consultancy company Jones Lang LaSalle said in a report on Monday.”Although the rate of increase has slowed below last year’s 41 percent, some resistance from price-sensitive tenants to the high rents in Beijing is now being felt,” said Qin Xiaomei, chief researcher at Jones Lang LaSalle Beijing.

• How China’s Self-Made Women Billionaires Earned Their Fortunes

  Just eight women rank among the 100 wealthiest people in China, according to the Forbes list of China’s 100 richest, published last week. Of those eight women, two inherited their fortunes. The other six are self-made billionaires – a pretty impressive statistic, considering that just 7 of the 45 women on the Forbes 400 list of richest Americans built their own fortunes.What’s amazing is how young, relatively speaking, most of the Chinese women billionaires are. Five out of the six are in their forties. Their youth speaks to the incredible growth of capitalism, and the growth of the economy, in recent decades in China.

• Chinese firm to sign Iceland land deal

  Beijing Zhongkun Investment Group Co will sign a land lease and development agreement with the Icelandic government at the end of October or in early November, the company told the Global Times Monday.The company plans to lease 300 square kilometers of land in the northeastern part of Iceland with the rent of about $6 million for 99 years. The company plans to turn the site, about 0.3 percent of the country’s total land area, into an eco-tourist resort.

• Signs of Possible Recovery Buoy Chinese Exporters

  Buyers from around the world thronged the cavernous halls of the Canton Fair at its opening day on Monday as a new and somewhat more optimistic mood seemed to take hold among Chinese exporters.
  With only a few exceptions, exporters of products as varied as hammers, electric fans and gaudy wall decorations for nightclubs said that demand from emerging markets and the United States was beginning to recover.

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