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>>
Socam Slashes Chengdu Prices by 30% in Scramble for Cash
Socam Development, an affiliate of Shui On Land cut prices by 30 percent at a housing project in central Chengdu last week as the troubled real estate company struggles against slumping sales and falling prices.
According to local media reports,… Read More>>
Bank of America Merrill Lynch Sees Risk of China Becoming Japan
Distortions in China’s housing market, along with other factors, may lead China into an extended period of asset deflation similar to Japan’s, according to a report released this week by Bank of America Merrill Lynch.
The report, “Will China Repeat… Read More>>
Ministry of Commerce Opens Gates for More Outbound Investment
Owners of big buildings around the world should send China’s Ministry of Commerce a thank you note today, after the regulatory body announced that most overseas investments by Chinese companies would no longer need the ministry’s approval.
The decision by… Read More>>
China Allowing More Borrowing For Real Estate as Market Slides
Just days after two private surveys reported that China’s average home prices continued to fall in August for the fourth straight month, there are growing signs that the government is allowing more borrowing in an attempt to bail out the… Read More>>
Oceanwide Real Estate Sells $320M Bond as Developer Debt Grows
Oceanwide Real Estate International opened up a new season of bond issues this week with a $320M sale as debt by China’s real estate developers reached historic levels.
The international bond sale by the Beijing-based developer comes as Oceanwide seeks… Read More>>
JLL Says Los Angeles is Latest Investment Hotspot for Chinese
Chinese investment in US real estate will hit $15 billion in 2014, and Los Angeles is becoming one of the major beneficiaries as buyers branch out into more cities, according to a recent report.
Los Angeles has already ranked second… Read More>>
China Vanke Sells 9 Properties to Carlyle Group
China’s largest developer by sales took a major step toward transforming its business model last week when Vanke signed a memorandum of understanding to sell a nine of its commercial real estate projects to Carlyle Group.
The deal between China… Read More>>
Shui On Sells $439M in Hotels to Older Brother’s Company
China’s real estate downturn continued to put pressure on Shui On Land this week as the troubled developer sold two hotels worth a total of RMB 2.7 billion ($439 million) after posting worse than expected financial results. Luckily, for Shui On… Read More>>
Eating Lunch and Snapping Selfies Atop a 346-Metre Tower in HK
After two Russians scaled the Shanghai Tower to film themselves dangling from the world’s second-tallest building, it seems to have started a new fad of climbing office towers just to show the world how tiny it looks from way,… Read More>>
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