Asia real estate and outbound investment news
Henderson Land Development has purchased a residential plot in Beijing for RMB 3.02 billion ($440 million), according to an announcement by the Beijing Municipal Bureau of Land and Resources.
The developer shouldered aside nine other competitors, including mainland developers Country… Read More>>
Financially troubled mainland conglomerate HNA Group has now disclosed that it is seeking to unload a set of domestic assets worth RMB 7.6 billion ($1.1 billion), according to local media reports citing public statements by officials representing the parent company of… Read More>>
In an effort to curb the city’s rising home prices, Beijing wants to increase housing supply – and developers participating in a recent land auction showed their willingness to contribute to the program by snapping up more than a billion… Read More>>
Beijing’s city government announced pre-sale approvals for two new — and record-breakingly expensive — real estate projects in China’s capital.
According to a report in the South China Morning Post, a permit was issued on Sunday for a project in the city’s Chaoyang district to begin selling units with prices as high as RMB 100,537 per square metre, with the cheapest units being priced at RMB 53,072 per square metre.
The most radically designed project of China’s most flamboyant real estate developer is largely finished, and the Wangjing area of Beijing’s Chaoyang district will soon feature 3 hump-shaped towers that have been likened to Chinese fans, or ship’s sails.
Wangjing SOHO was designed by Iraqi architect Zaha Hadid, and consists of three curved towers reaching as high as 200 metres.
Apple is set to open a new retail store in China on Friday, January 10 at the China Central Mall in the Chaoyang District of Beijing, approximately two miles from the existing Sanlitun Apple Store in Beijing.
The China Central… Read More>>
