Here is a list of the day’s latest China real estate news collected from around the web:
- Wanda Group, Superfast Chinese Mall Builder, Reveals Secrets Behind Speed
Chinese state-owned conglomerate Dalian Wanda Group Corp is probably best known outside China for its bold $2.6 billion purchase of U.S. movie theater chain AMC this summer. In Chinese real estate circles, however, it’s known for something else altogether: churning out shopping malls in a fraction of the time it would take other developers. Wanda is a household name in China, with 55 “Wanda Plaza” mixed-use developments across China. Among them is Nanjing Jianye Wanda Plaza, a mall with a gross floor area of a 275,000 square me
- Tujia signs agreements with developers for vacation homes
Tujia, the leader in China’s vacation rental market, on Tuesday signed agreements with eight real estate developers from Shanghai, Nanjing, Wuxi, Suzhou and Weihai as part of its nationwide expansion strategy for the hotel management business. The company now runs 10,000 sets of rental apartments in 29 cities, which are expected to reach 25,000 sets in 60 cities by the end of this year, said Luo Jun, chief executive officer of tujia.com. “We will apply the vacation rental system to the country’s tourism market to provide quality serviced apartments at competitive prices for tourists,” said Luo.
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