Asia Pacific real estate investment news and information
Korean banks on South Korea’s Jeju island have reported as much as a thirty-fold increase in Chinese clients thanks to a series of real estate development schemes aimed at attracting Chinese homebuyers and vacationers to the resort location.
According to… Read More>>
Chinese outbound investment in real estate in the first quarter of this year increased by 25 percent compared to the same period of 2013, but the big story is the 80 percent jump in spending on overseas residential development projects.
Dalian Wanda, the property group controlled by Chinese billionaire Wang Jianlin has acquired the historic Edificio Espana building in Madrid for €260 million (US$358.6 million) according to a leading Spanish politician.
The acquisition of the skyscraper, which was Europe’s tallest… Read More>>
Out of the world’s 20 real wealthiest real estate tycoons, 13 of them are Chinese, according to the latest Forbes Rich List which tracks the fortunes of the world’s wealthiest people.
Only six of the richest real estate 20 are… Read More>>
Billionaire Wang Jianlin got $900 million richer in eighteen months by making a US investment that many observers at the time dismissed as an ego move.
The chairman of China’s Dalian Wanda has seen his original $800 million share purchase… Read More>>
A market analysis report released this month by international real estate advisor Savills, predicts that Chinese investors will increase their share of global cross border hotel acquisitions from the current level of 4% to 10% by 2017.
The report predicts… Read More>>
Rising land prices and a government credit clampdown are forcing China’s real estate developers to borrow more money at higher rates – a combination that is likely to compress profit margins and put some companies into financial difficulties.
The country’s… Read More>>
Chinese investment in UK real estate didn’t just make headlines in China last year, according to one recent report, the flow of Chinese wealth into downtown London is a top global trend.
Chinese investors were behind a number of attention-grabbing… Read More>>
Dalian Wanda, the property developer headed by China’s richest man, plans to invest up to 3 billion pounds ($5 billion) in regeneration projects in Britain, Britain’s prime minister said on Friday.
Prime Minister David Cameron unveiled the investment after meeting Dalian Wanda’s chairman Wang Jianlin in Davos this week. It comes after Cameron led the largest-ever British mission to China last December that involved about 100 business people.
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.
