A subsidiary of mainland shipping giant Cosco made Shanghai’s biggest land buy of September when it picked up a 145,800 square metre (1.57 square foot) mixed-use plot in Baoshan district for the auction reserve price of RMB 4.1 billion ($596.2 million),… Read More>>
Shanghai Cancels Four Land Sales Worth RMB 5.41B as Clampdown Deepens
Shanghai has cancelled four planned land sales worth a total of more than RMB 5.41 billion ($796.4 million) in less than a month, as restrictions on the country’s real estate market dampen developer demand for new sites.
No reason was… Read More>>
Longfor Counts on Kids to Help Fill Baoshan Paradise Walk in Shanghai
Longfor Properties opened its second shopping center in Shanghai on Saturday, boosting its portfolio of mainland malls to 26. The newly opened Shanghai Baoshan Paradise Walk is a five-level shopping mall with a floor area of 140,000 square metres, and… Read More>>
Developers Team with Financial Partners to Bid Up Shanghai Land
Shanghai home prices hit a new high in May, and developers reacted by bringing in extra financial muscle to win the first land sales of June in China’s commercial capital.
China Resources Land teamed up with state-owned investment conglomerate Huafa Group… Read More>>