Here is a list of the day’s latest China real estate news collected from around the web:
Keppel Land Acquires Chengdu Residential Site for RMB 680 Mil
Keppel Land China Limited (Keppel Land China) has acquired a 28.7 ha prime residential site in Xinjin County of Chengdu to develop about 573 landed homes. The site is held under Chengdu Shengshi Jingwei Real Estate Investment Co Ltd, which Keppel Land China had acquired for RMB680.4 million (approximately S$133.0 million).
The new development is Keppel Land China’s fifth residential project in fast-growing Chengdu, the capital of Sichuan and China’s fourth largest city in terms of population. The site is adjacent to Hill Crest Villa, where Keppel Land China is currently developing 274 landed homes.
China to address public toilet woes for females
A sign at a KFC restaurant lavatory in East China’s Zhejiang Province has been put up telling female customers not to use the male restroom.
Located in a shopping mall in the downtown Beilun District in Ningbo City, the KFC restaurant put up a placard reading “For the comfort of the male consumers, girls please don’t use the male toilet.”
Staff of the fast food restaurant explained that female consumers were using the male restroom because they could not find enough toilets elsewhere. This prompted complaints from men who felt embarrassed seeing women in their restroom.
In China, a Move to Tiny Living Space
Even as China’s economy slows from efforts to fight a bubble in high-end housing, waiting in the wings with potential to revive growth is a different housing market: the low end.
Some 50 million of China’s 230 million urban households live in substandard quarters often lacking their own toilet and kitchen, research firm Dragonomics estimates. The firm figures China will need to build 10 million apartments a year until 2030.
A model apartment on display in Dongguan, a factory town in southeast China, gives an idea what some of these could be like.
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