Grade A office rentals in Shanghai held fast during the second quarter, despite three major new buildings coming on the market. However, the outlook for 2015 and beyond could hold trouble for some projects as the city now has more… Read More>>
Half of China’s Real Estate Royalty Drop Out of 100 Richest Families
While China’s real estate downturn has yet to create the kind of distress seen in the US in 2008, it still is taking a toll on the fortunes of the country’s commercial kings and queens, according to Fortune magazine.
In… Read More>>
SOHO China Owners Give $15M for Harvard Scholarships
China’s real estate elite continued to build bridges with the US this week when Zhang Xin and Pan Shiyi – the flamboyant couple behind developer SOHO China – announced a $15 million gift to Harvard University.
The pair of property entrepreneurs donated… Read More>>
Chinese Developer to Buy 60% of Singapore REIT IPO
The real estate billionaire behind a Shanghai shopping mall and hotel plans to buy up the majority of an upcoming Singapore REIT offering as China’s property developers continue to look for ways to invest their wealth overseas.
According to a… Read More>>
LaSalle Raises $1B to Invest in Asian Real Estate
Despite signs of a downturn in Asian property markets, the region’s real estate sector received another vote of confidence from international investors this week, when LaSalle Investment Management announced its successful recruitment of $1 billion in new equity for investment… Read More>>
Shanghai and Beijing Rank as 10th and 11th Most Expensive Cities
New York is cheaper than Beijing and London’s a better bargain than Shanghai, but at least Hong Kong is cheaper than Luanda, Angola.
A report on the cost of living in major cities around the world shows that Hong Kong, Singapore,… Read More>>
Chinese Grab $22B in US Homes to Become Biggest Foreign Buyers
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>>
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