Here is a list of the day’s latest China real estate news collected from around the web:
-
China August Home Prices Rise in Fewer Cities Easing Policy Woes
China’s new home prices rose in fewer cities in August, reducing concerns that the government may issue new tightening measures. Prices climbed in 35 of the 70 cities the government tracks from a month earlier, according to data released by the statistics bureau today. That compared with 49 cities in July, the most in 14 months. The eastern city of Wuxi and the central city of Zunyi led the month-on-month gains, while among major cities prices advanced in Beijing.
-
US Burger Chain Teams with Bankers to Plot China Market Entry
Fog Cutter Capital Group Inc.’s Fatburger restaurant unit announces its partnership with PUJI Capital Limited, a Shanghai based boutique investment bank and asset management firm, acting as exclusive strategic partner identifying large real estate and food service partners to expand Fatburger across greater China, Taiwan and Singapore. The partnership for the iconic Hollywood hamburger restaurant chain signifies a massive step in Fatburger’s international expansion plans into greater China.
-
China Real Estate Developers Checking into Rest Homes
While many are concerned about China’s aging population, real estate developers see it as an opportunity. The one-child policy has made elder care a severe burden, leaving a generation of couples to take care of four parents. So retirement communities represent a potential source of profits, especially as the rest of the property sector remains depressed, and with no end in sight to government curbing policies. A number of property giants have announced plans to begin rest home developments, but the market is still immature and questions have been raised over the business model. Homes in retirement communities have been highly expensive thus far, and there are calls for more affordable options.
Leave a Reply