Starbucks is buying out its East China joint venture for around $1.3 billion in the company’s biggest acquisition ever, as growth shows signs of cooling in the American coffee chain’s home market. The cash deal will give the Seattle-based company… Read More>>
Meeting a real estate broker who isn’t optimistic about the market is about as rare as finding cheerful economist, but it seems that even some of China’s biggest property agencies are bracing for a downturn by cutting headcount.
According to… Read More>>
The city of Tongling in eastern China’s Anhui province became the fourth community in the country to officially relax government restrictions on home sales over the last ten days, as the Chinese economy grapples with a housing slowdown of increasing… Read More>>
The bureaucrats running the city of Hangzhou in eastern China have reached back into their command-economy toolkits for a solution to rapidly decaying housing prices – make discounts subject to government approval.
The Hangzhou government announced on Wednesday that real… Read More>>
Credit ratings agency Fitch has reviewed the recent collapse of a property developer in eastern China, and find that this case represents industry trends that investors should be aware of. The text of the agency’s statement follows.
Fitch Ratings says… Read More>>
CapitaLand China, a subsidiary of Singapore’s largest real estate developer announced recently that it had acquired a residential site in the port city of Ningbo in eastern China’s Zhejiang province for S$232 million (US$181.45 million).
The 57,370 square metre site in the Sunjia area of the city’s Jiangbei district was acquired through a government land auction, and CapitaLand said in a statement that it intends to develop approximately 1,100 homes on the property.
Here is a list of the day’s latest China real estate news collected from around the web:
Leading Chinese beverage producer Wahaha Group expanded its business Thursday when it formally… Read More>>