Here is a list of the day’s latest China real estate news collected from around the web:
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London Developer Opens Office in Beijing to Tap China Market
Berkeley Group, a major London real estate developer, opened its first marketing suite in Beijing to attract Chinese investors, underlining the China market’s growing significance for the UK.
“With the growing interest of Chinese investors in the UK real estate market, we feel it is time to provide a place where investors can visit and get introduced to Berkeley products in Beijing,” said Paul Bennett, international business development director of Berkeley Group.
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Beijing may soon unveil a long-term property market mechanism
With housing prices rising rapidly across China, a long-term mechanism to regulate the real estate sector could soon emerge, according to the Chinese-language Securities Daily.
Several ministries, including the Ministry of Housing and Urban-Rural Development, will conduct a survey on real estate in Chengdu and other key cities in a bid to collect related information and apply it to the formulation of regulations governing the property market. Sources said this indicated that a long-term mechanism to regulate real-estate market would be devised soon.
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As The Rich Get Richer, The Big Are Getting Bigger As China’s Real Estate Industry Recovers
What a difference a year makes. longtime China Rich List members sank in 2012 as government efforts to break residential real estate prices hurt demand and profit. This year, eager to undergird economic growth, authorities aren’t responding so nervously to rising prices, and that is showing up in the expanding fortunes of big real estate tycoons on our list.
Among the 18 members of the top 100 whose main source of wealth is real estate, only 2 had a smaller wad than last year, and one of these was the result of a divorce.
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GLP says signed 5 new lease agreements totalling 59k Sqm
Global Logistic Properties, the provider of modern logistics facilities in China, Japan and Brazil, said it recently signed five new lease agreements totaling 592,000 sf across China. Here are some of the customers:
Grainger, a global retailer of industrial products with a growing e-commerce presence in China, has leased 162,000 sq ft at GLP Park Songjiang in Shanghai, Eastern China.
One of the world’s largest health and beauty retail chains has pre-leased 129,000 sq ft to establish a regional distribution center at GLP Park Zhengzhou in Zhengzhou, Central China. -
China Said to Study Investing More Reserves in European Property
China’s agency that manages the nation’s $3.66 trillion of foreign-exchange reserves is looking to make more investments in European property, two people familiar with the situation said.
The State Administration of Foreign Exchange, seeking to diversify the nation’s investments, is looking at real estate and infrastructure projects with a focus on the U.K., France, Germany, Poland and the Czech Republic, said the people, who asked not to be identified as they weren’t authorized to speak publicly about the matter. Valuations for such projects are currently at an attractive level, they said.
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Waigaoqiao Touted as Centre of Shanghai FTZ
Waigaoqiao in Shanghai is most likely to emerge as the future CBD of the city’s free trade zone whose establishment is boosting rents and asset value of offices both in and around the zone, major international real estate services providers said yesterday.
“Due to limited supply of high-quality offices within the zone at the moment, robust demand for office space, mainly from enterprises seeking registration in the zone, is boosting leasing sentiment in neighboring areas, with high-quality offices in the Pudong New Area being the most sought after,” said Carlby Xie, director of research, China, Colliers International.
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