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175 Liverpool Street Sydney

Chinese Billionaire Buys Sydney Tower for $339M

2014/11/14 by Michael Cole Leave a Comment

Chinese real estate developer Shimao Property Holdings, together with its billionaire boss Hui Wing Mau, have reportedly acquired a downtown Sydney office tower for over A$390 million (US$339 million), as Chinese investors continue to snatch up Australian real estate.

According… Read More>>

China real estate sales growth

No Turnaround Yet for China Real Estate as Sales Drop 3.1%

2014/11/14 by Michael Cole Leave a Comment

China appears to have avoided a meltdown in its real estate market this year, but home sales are continuing to slide, according to official figures released this week.

In a report released this week, China’s National Bureau of Statistics revealed… Read More>>

Brett White DTZ

UGL Closes on Sale of Real Estate Agency DTZ to TPG-Led Group

2014/11/07 by Michael Cole Leave a Comment

Real estate service provider DTZ this week confirmed the close of its sale to a private investment consortium composed of TPG Capital (TPG), PAG Asia Capital (PAG) and Ontario Teachers’ Pension Plan (the TPG & PAG Consortium), by Australian engineering… Read More>>

Xu Jiayin Sydney

Evergrande Boss Buys Sydney Home for $33.4M

2014/11/07 by Michael Cole Leave a Comment

Xu Jiayin, the chairman of Chinese real estate developer Evergrande, was revealed this week as the buyer of a A$39 million (US$33.4 million) mansion in one of Sydney’s most exclusive neighborhoods following a record-setting transaction.

The purchase by the flamboyant… Read More>>

Ben Duncan CBRE

CBRE Promotes Japan CEO Ben Duncan to Head of North Asia

2014/11/06 by Michael Cole Leave a Comment

Real estate agency CBRE continued to restructure its Asia Pacific operations this week by promoting its Japan CEO to the newly created role of President, North Asia. The move will be effective from January 1st, 2015.

In his new position,… Read More>>

China red flag

Goldman Sachs Says Beware of China Developer Debt

2014/10/30 by Michael Cole Leave a Comment

China’s cash-strapped real estate developers are raising record amounts of cash overseas, and Goldman Sachs says you should stay away.

In a report released this week the US investment bank said that debt issued by Chinese real estate developers are… Read More>>

Greentown Qingdao incident

Customers Trash Greentown Qingdao Office After 35% Off Promotion

2014/10/28 by Michael Cole Leave a Comment

While many of China’s potential homebuyers are waiting for deeper discounts before jumping into the market, the risks of slashing prices became evident recently when disgruntled customers stormed a sales office in the eastern China city of Qingdao earlier this… Read More>>

China housing supply

China Home Price Slide Slows in Sept – Is This a Turnaround?

2014/10/26 by Michael Cole Leave a Comment

China’s housing prices fell for a fifth straight month in September, but a slowdown in the rate of the price slide holds out hope that the government’s spate of limited stimulus measures may be taking hold.

New data released yesterday… Read More>>

distressed residential

How Xi Jinping is Helping Jack Ma Sell 41,000 Properties on Taobao

2014/10/23 by Michael Cole Leave a Comment

When President Xi Jinping launched his anti-corruption drive last year by declaring war on “tigers and flies” few could have imagined that he was also helping Internet magnate Jack Ma to launch a whole new ecommerce initiative.

Now Ma’s Taobao.com,… Read More>>

China urbanisation

What If China’s Megacities Just Really Need Millions More People?

2014/10/22 by Michael Cole Leave a Comment

With three of the world’s largest cities within its boundaries and an urbanisation plan expected to move 100 million more citizens into its metropolises over the next several years, diminutive urban areas would not appear to be among China’s problems.

… Read More>>

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