Chinese purchases of US homes rose 19 percent during 2013 to total $22 billion in housing purchases. The surge in spending made China the leading foreign buyers of US homes with 24 percent of US housing purchases by foreign buyers… 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>>
Mark Suchy Joins C&W as Head of Capital Markets E China
Real estate service provider Cushman & Wakefield today announced the appointment of Mark Suchy to the position of Director, Capital Markets, East China.
Based in Shanghai, Suchy will be charged with leading the US-based firm’s Capital Markets team in Eastern… Read More>>
Wang Jianlin’s Wanda Buys 90% of $900M Chicago Project
Dalian Wanda, the real estate developer owned by China’s richest man, reportedly has acquired a site in Chicago to develop a $900 million mixed-use residential, hotel and commercial complex.
The development project in Chicago’s Lakeshore East area is the third… Read More>>
China Real Estate Trust Financing Drops 60% in June
Once a major source of credit for China’s small and medium-sized developers, financing from trusts dropped off precipitously in June as the country’s wealthy individuals seem to have lost their taste for the loosely regulated shadow banking products.
According to… Read More>>
Poly Real Estate to Sell Beijing Homes for RMB 100k Per Sqm
Beijing’s local government seems to have lost its fear of rising housing prices as it recently allowed a project by Poly Real Estate Group to go on sale for nearly RMB 100,000 ($16,100) per square metre.
The new record price… Read More>>
Evergrande June Sales Reach New Record of RMB 13.1B
Evergrande Real Estate Group (HKG:3333) announced this week that it had set a new record for sales revenue in June, reaching RMB 13.1 billion. The strong sales by the top five Chinese developer appears to demonstrate the growing split between… Read More>>
Shanghai Home Sales Slid 36.5% in June
Sales of new housing in Shanghai dropped 36.5 percent in June compared to the same month last year, as China’s commercial capital continues to be hit by a housing slump.
Although a survey released one week ago by China Index… Read More>>
China Vanke June Sales Up 44% to RMB 19.4B
Although China’s real estate market is having a rough year, China Vanke, the country’s biggest developer, just declared a 44 percent increase in contracted sales.
According to an announcement from the company on Friday, the newly Hong Kong listed real… Read More>>
World’s Tallest Building Still a Changsha Watermelon Patch
While plans for a pair of one kilometre tall towers in Wuhan have been in the news recently, an 838 metre tall Chinese project announced last year and planned for completion by April 2014, appears to currently be serving as… Read More>>
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