Asia Pacific real estate investment news and information
While China’s investors have been buying up London real estate in recent years, and firms like Greenland Group and Dalian Wanda have made billion dollar acquisitions of commercial properties, the country’s nouveau riche are now moving into the English countryside.
According to a story from the UK’s Guardian, Chinese investors are among the growing numbers of rich foreigners buying farms and country estates across Britain.
Greenland Group, the state-owned real estate firm responsible for some of China’s biggest overseas acquisitions during 2013, has plans to spend between US$5 billion to $8 billion more to buy up international assets during 2014.
Having achieved 162.5 billion in property sales last year, up 53% over 2012, Greenland appears to be cashed up and ready to develop new projects overseas, as its Chinese customers look for fresh markets for real estate investment.
Mainland investments in the European property market tripled last year, with Britain and Germany as the top destinations, and the momentum is likely to continue this year.
Insurers, developers and wealthy individuals have joined China’s sovereign wealth fund in seeking to diversify their assets outside Asia…
Cofco submitted a binding bid for the stake last month, a person familiar with the transaction said. The stake is worth around US$250 million, but it wasn’t immediately clear how much Cofco will pay.
COFCO, formally China National Cereals, Oils and Foodstuffs Corporation, is China’s largest food processing, manufacturer and trader.
The bubble created in Dubai’s real estate market burst in 2008, but the sector is now making a comeback, attracting global investors including those from China, reports Shanghai’s China Business News.
Housing prices in Dubai have surged by nearly 30% over the past year, with Dubai-based real estate developers recruiting salespeople that can speak Chinese
Real estate investment turnover for the Central London market in 2013 reached in excess of £20.56 billion (US$33.84 billion), driven largely by Asian investors, according to a recent announcement from property consultancy Savills.
The amount of investment was the most ever achieved in Central London and a 39% increase on the 2012 figure of £14.8 billion.
China Real Estate Tycoon Slams CCTV as ‘Dumbest Pig on Earth‘
Property tycoon Ren Zhiqiang, an influential microblogger with more than 16 million followers on his Chinese Weibo, slammed China’s state broadcaster in a recent post as “the dumbest pig… Read More>>
The latest major purchase of US property by a Chinese developer is the acquisition of a US$200 million Los Angeles project by Oceanwide Real Estate Group (000046.SZ).
According to a recent report in the Wall Street Journal, Beijing-based Oceanwide, which… Read More>>
Chinese investors already made US$5.89 billion in real estate investments in the US this year, and a recent change in the country’s investment regulations promises to make that figure look small by this time in 2014.
Data released by consulting… Read More>>
Research released last week by Jones Lang LaSalle shows that Chinese investment in London real estate has risen over 1500% since 2010, increasing from US$88.2 million to over US$1.63 billion at the end of quarter three 2013.
This increase means… Read More>>
