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SOHO China Harvard

SOHO China Owners Give $15M for Harvard Scholarships

2014/07/17 by Michael Cole Leave a Comment

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>>

Tong Jinquang Summit Property

Chinese Developer to Buy 60% of Singapore REIT IPO

2014/07/17 by Michael Cole Leave a Comment

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>>

Jon Zehner LaSalle

LaSalle Raises $1B to Invest in Asian Real Estate

2014/07/16 by Michael Cole Leave a Comment

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>>

Mercer Expat Survey 2014

Shanghai and Beijing Rank as 10th and 11th Most Expensive Cities

2014/07/14 by Michael Cole Leave a Comment

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>>

foreign buyers of US homes

Chinese Grab $22B in US Homes to Become Biggest Foreign Buyers

2014/07/10 by Michael Cole Leave a Comment

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>>

Dalian Wanda Chicago

Wang Jianlin’s Wanda Buys 90% of $900M Chicago Project

2014/07/09 by Michael Cole 1 Comment

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>>

Song Weiping Greentown China

Zhejiang Developers Now Guaranteeing That Prices Will Go Up

2014/07/02 by Michael Cole Leave a Comment

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>>

Atlantic Yards

Greenland Group Closes on $4B Deal with NY’s Ratner

2014/07/02 by Michael Cole Leave a Comment

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>>

Yuehe International Plaza

Shanghai Project Frozen By Courts as Developer Can’t Pay Bills

2014/06/30 by Michael Cole Leave a Comment

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 London

China Construction Bank Buys London Office Tower for $187M

2014/06/27 by Michael Cole Leave a Comment

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>>

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