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>>
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>>
Zhejiang Developers Now Guaranteeing That Prices Will Go Up
The problem with China’s real estate market in 2014 is confidence, and whether there is too much confidence or not enough of it may depend upon which side of a deal you are sitting on.
Developers in Zhejiang – one… Read More>>
Greenland Group Closes on $4B Deal with NY’s Ratner
The US subsidiary of China’s Greenland Group announced this week that it has closed a joint venture deal to develop Atlantic Yards, a 22-acre residential and commercial real estate project in Brooklyn, New York.
Under the terms of the agreement,… Read More>>
Shanghai Project Frozen By Courts as Developer Can’t Pay Bills
The credit problems of China’s real estate industry spread into its first-tier cities recently when a 220,000 square metre development project was halted by the courts after the developer ran out of cash.
The suspension of the mixed-use project belonging… Read More>>
China Construction Bank Buys London Office Tower for $187M
For the second time this month a Chinese financial institution has acquired a London office building, as China Construction Bank was revealed today to have purchased a tower in the city’s financial district for 110 million pounds ($187 million).
China… Read More>>
Hangzhou Developer Arrested After Loan Default and Fraud Reports
China’s real estate industry and the shadow banking network that it relies on received a collective black eye this week when a Hangzhou developer first defaulted on loan payments, and was later arrested on fraud allegations surrounding RMB 2 billion… Read More>>
China Life Buys 70% of London Tower in $1.35B Deal
China’s cashed up investors landed another billion dollar property last week when the country’s biggest life insurer teamed up with an investment firm belonging to the Qatari government to buy an office building along London’s Canary Wharf for 795 million pounds… Read More>>
Twin 1km Tall Wuhan Phoenix Towers are Latest Supertall Scheme
A matched pair of hyper-green, male and female, towers are set to stretch a full kilometre from the ground in the central Chinese city of Wuhan, if a local chemical company and some London architects succeed in a recent architectural… Read More>>
Controversial China Steel Magnate Linked to $468M Paris Hotel Deal
A company linked to controversial China steel tycoon Du Shuanghua has agreed to buy an international hotel along Paris’ historic Champs-Elysee for 344.5 million euros ($468 million).
Hong Kong-listed Kai Yuan Holdings Ltd (1215), whose primary business is investment in… Read More>>
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