New Apple Store Under Construction in Shanghai’s IAPM Mall – Today’s China Real Estate Links | September 12, 2013

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

• New Apple Store Under Construction in Shanghai’s IAPM Mall

  According to a photo posted on Twitter (via ifoAppleStore), Apple seems to be building a retail store in the center of Shanghai’s new IAPM mall. The store, which appears to be two stories high as it undergoes construction, is blocked off by a gray barricade that sports the Apple logo and the URL which directs Apple’s China retail website. The mall in which the store is located opened two weeks ago, and is connected to high-rise apartments and business offices, both of which have yet to open.

  Visitors to the new upscale iAPM shopping mall in Shanghai (China) have noticed a surprise future tenant—a two-level Apple retail store.

• Wanda’s Wang Jianlin Shopping for Hotel Management Company

  Wang Jianlin, China’s richest man and owner of the country’s biggest commercial land developer, said he has hired two investment banks to buy hotel management companies, mostly in the U.S.

  His Dalian Wanda Group wants to build hotels in as many as 10 major cities around the world including projects planned for London and New York, Wang said in an interview with Bloomberg News at the World Economic Forum in Dalian. He didn’t name the investment banks or targets, and said he had been in talks with “several” companies over the past year.

• Property regains top spot as driver of wealth for China’s richest

  China’s property industry reclaimed its spot as the number one source of income in the past year for the mainland’s wealthy, according to the China Rich List published annually by Hurun Report Inc.

  One in four members on the rich list made their money in China’s real estate industry, overtaking manufacturing as the most common source of wealth. Six out of the top 10 made their money in the construction sector.

• China buyers fueling luxury home sales in Canada

  Sales of luxury homes will likely gain momentum in the fall, fuelled by demand from international investors, according a new report from real estate sales and marketing company Sotheby’s International Realty Canada.

  The report released Tuesday suggests the largest proportion of foreign buyers will be from China, Russia, the Middle East, India and the U.S.

  Elli Davis, a sales representative with Royal LePage in Toronto, says many foreigners buy condos for their children to live in while they attend school in Canada.

• Growth in China property investment and sales slows in August

  China’s real estate investment and sales growth slowed in August but were still at relatively high levels, official data showed on Tuesday, indicating Beijing’s efforts to rein in the red-hot real estate market have started to have some effect.

  Real estate investment, which affects more than 40 other sectors from cement and steel to furniture, rose 19.3 percent in the first eight months from the same period a year ago, slower than the 20.5 percent rise in the first seven months, the National Bureau of Statistics(NBS) said on Tuesday

• Fixed-asset investment in China up 20.3%

  China’s urban fixed-asset investment grew 20.3% year on year in the first eight months of this year, up 0.2% from the figure for the first seven months, the country’s National Bureau of Statistics said on Tuesday.

  Total investment stood at 26.3 trillion yuan (US$4.3 trillion) in the January-August period, the bureau said.

• GLP Leases 22k Sqm of logistics space in Chengdu and Suzhou

  Global Logistic Properties Limited (“GLP”), the largest provider of modern logistics facilities in China, Japan and Brazil, has signed lease agreements totalling 22,000 square meters (“sqm”) (237,000 square feet (“sq ft”)) to two industry-leading manufacturers in China.

  Kent Yang, President of GLP China, said: “By combining state-of-the-art facilities and top quality service in advanced industrial zones with exceptional transportation infrastructures, the two GLP parks support the needs of our customers by providing efficient product manufacturing and distribution. We look forward to serving these industry leaders further as they continue to expand across China.”

This list is updated daily, so tune in again tomorrow for more up to date information.

Digest powered by RSS Digest