Kong Jian Min, the chairman of KWG Property Holdings, is ranked 181st on the Forbes China Rich List, with a personal fortune estimated at $950 million. According to a report on mainland news site Caixin today, however, the Guangzhou real… Read More>>
Cushman & Wakefield Expands Research Team in Southern China
Real estate services agency Cushman & Wakefield continued to expand its China team this week with announcements of new leadership for its research department in Shenzhen and Guangzhou.
The US-based consultancy said in a statement that Cary Sheih has joined… Read More>>
Guangzhou’s Jumbo 001 to Compete with Beijing’s Big Underpants
Beijing has the big underpants, and Shanghai has its scary-tall towers, and now southern supercity Guangzhou hopes to build its own architectural landmark with a set of towers which appear to spell out “100” or (001 depending on where you… Read More>>
Guangzhou Party Leader’s Fall Tied to Corrupt Real Estate Deals
Late last month Guangzhou Party Secretary Wan Qingliang became one of the highest level Chinese officials to lose his job amidst the country’s current anti-corruption campaign, and China media sources are now alleging that a history of dirty real estate… Read More>>
Real Estate Pros Rank China’s Top 5 Cities for Investment and Development
Non-profit real estate research organisation Urban Land Institute (ULI) has just polled its members on what cities are best for property investment, and despite high prices and scarce land, Shanghai has come out on top for the second year in… Read More>>
Shenzhen Tops China Office Rental Growth in Q1 at 17.4%
The fastest appreciating office space in mainland China sits just across the border from Hong Kong in Shenzhen, where average office rentals increased 17.4 percent in the first quarter, compared to the same period last year.
According to a recent… Read More>>
Shanghai Project Cuts Prices as Home Discounts Spread to Top Cities
The developer of a high-end Shanghai property project last week announced a nearly 30 percent discount on homes in the face of disappointing sales. The price cut comes as the latest sign of weakness in a real estate market which… Read More>>
Rogue Roof Garden in Guangzhou Covers 3-Storey Building Addition
China’s rocketing real estate prices have inspired many entrepreneurial schemes, now one Guangzhou resident appears to have built a 3-storey tall canopy of camouflage to cover an illegal building addition.
According to a report in the Guangzhou Daily, a building… Read More>>
China Real Estate Stocks Drop as Home Price Growth Slackens
After months of record gains in home prices, China’s real estate market showed signs of cooling down this week when official statistics revealed price growth of less than one percent in the country’s first-tier cities. The weakness in property prices… Read More>>
Market Puzzled By Evergrande’s $877M Share Buyback Scheme
A recent US$877 million share buy-back by real estate developer Guangzhou Evergrande has market observers puzzled regarding the Hong Kong-listed firm’s financial strategy.
The shares were purchased by the developer over a two week period this month, and amount to 6.33 percent of the company’s total stock. This move follows soon after an unexpected RMB 2.3 billion (US$378 million) special dividend that the company paid to shareholders in November.
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