After 12 years of enjoying rock-bottom interest rates, mortgage-holders in the world’s most expensive city in which to buy a home saw their days of cheap financing come to an abrupt end this past week as some 13 banks announced… Read More>>
Three mainland Chinese firms are buying up office properties in the City of London financial district this month for a total of £352.5 million ($465 million), in a flurry of deals revealed last week.
An affiliate of Beijing Guorui Holdings… Read More>>
A unit of Bank of China is taking a bite out of Hong Kong’s commercial property sector, as it picks up three buildings for a total of HK$3.1 billion (US$396 million), including a co-working facility in Kwun Tong and a… Read More>>
Housing prices in mainland China rose an average 2.83 percent in September compared to the August, as more experts warn of a housing bubble. The Bank of China was the latest to raise concerns over the country’s real estate market,… Read More>>
Bank of China may have a new place to call home in Sydney after buying the 140 Sussex Street building from Deutsche Asset Management’s RREEF Real Estate for A$130 million ($100 million), The Australian reported. The bank has yet to… Read More>>
The Chinese investment surge in Manhattan continues, as Bank of China has been announced among the partners that will provide a $1.5 billion construction loan for a new office tower that will rise above the neighboring Empire State Building.
The… Read More>>
ARA Asset Management has $3 billion it could spend on deals, and is searching for opportunities in China, Australia and other locations. And new deals may be much in demand from one of China’s richest men as Dalian Wanda’s relisting… Read More>>
Average rentals in Beijing now exceed average incomes by 23 percent, while down in Hong Kong, the number of homeowners suffering from negative equity has jumped by 14 times. Meanwhile China’s biggest construction firm is backing plans for a new… Read More>>
One of China’s biggest state-owned lenders is backing Moinian Group’s Manhattan luxury hotel project, and China’s property market shows mixed results in the latest batch of government data, with housing sales climbing but developers still holding off on investment. Read… Read More>>
International media from Bloomberg to the New York Times carried headlines today declaring that Evergrande Real Estate, a Guangzhou-based developer noted for its aggressively leveraged balance sheet, had just received 100 billion yuan ($16 billion) in new credit to prop… Read More>>