China’s real estate market may still be stuck in an eight-month long slide but China’s real estate developers still are eager to buy more land – at least in China’s largest cities. So eager that they are willing to pay… Read More>>
China Vanke Says Beijing Real Estate Has Bottomed Out
China’s biggest property developer is saying that the country’s biggest real estate market has bottomed out, but one of China Vanke’s top officials cautions that no quick rebound is in site.
Speaking at the company’s annual meeting with securities companies,… Read More>>
Jean Nouvel-Designed Art Museum Breaks Ground in Beijing
Construction work began this month on the Jean Nouvel-designed National Art Museum of China, on the site of the former Olympic grounds in Beijing.
Pritzker Prize winner Nouvel beat out Frank Gehry and Zaha Hadid in a 2013 competition to… Read More>>
China Home Prices Falling Faster Despite Govt Stimulus
Home prices across China fell at a faster pace in July according to two private surveys of the housing market. The downward trend appears to show that the government’s moves to prop up the once sky-rocketing real estate sector have… Read More>>
Shanghai and Beijing Rank as 10th and 11th Most Expensive Cities
New York is cheaper than Beijing and London’s a better bargain than Shanghai, but at least Hong Kong is cheaper than Luanda, Angola.
A report on the cost of living in major cities around the world shows that Hong Kong, Singapore,… Read More>>
Parkson Closes Beijing Shop as Department Stores Stagger
Parkson Retail Group has temporarily closed one of its Beijing stores following reports of dropping sales and after it permanently closed two stores in other Chinese cities.
Sam Au, chief financial officer of Parkson Retail Group, told the local press… Read More>>
Shanghai Sees Record Prices for Land and Homes This Week
In a sign that China’s real estate downturn isn’t being felt the same way in every location, the country’s commercial capital this week saw a record price paid for a land parcel at almost the same time that a developer… Read More>>
Real Estate Pros Rank China’s Top 5 Cities for Investment and Development
Non-profit real estate research organisation Urban Land Institute (ULI) has just polled its members on what cities are best for property investment, and despite high prices and scarce land, Shanghai has come out on top for the second year in… Read More>>
Beijing Confidential: Drone Exposes China’s Capital
In imperial China, no buildings were allowed to rise above the emperor’s throne, and it seems that even in the 21st century, going too high for a view of the city can land you in trouble with the authorities.
This is… Read More>>
Vanke and Baidu Team Up to Build “Intelligent” Malls
With the easy profits of China’s housing boom dwindling into memory, the country’s biggest homebuilder by sales is turning to the already crowded retail real estate sector for profits.
However, China Vanke seems to have learned some lessons from competing… Read More>>
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