In another sign of the Chinese government’s determination to corral its unruly real estate market, two more developers received regulatory approval for new stock sales, during the same week that a private real estate developer collapsed after having exhausted… Read More>>
Shanghai’s Office Market Predicted to Surpass Hong Kong by 2020
Shanghai’s Grade A office market is expected to nearly double by 2020, reaching 13 million square metres and surpassing Hong Kong as the largest commercial market in Greater China according to a pair of studies released today.
Despite recent the… Read More>>
China’s Bad Bank Leads $304M Chicago Office Tower Investment
A new player may be emerging in China’s overseas investment surge as an investment vehicle majority invested by China Cinda, the nation’s “bad bank,” together with a US partner spent $304 million to purchase a 65-storey office building in Chicago.
The deal… Read More>>
CEO of Powerlong Real Estate Predicts 20% of Developers Will Die in 2014
The chief executive of Hong Kong-listed Powerlong Real Estate on Thursday predicted that a fifth of China’s developers would be out of business by year-end, as the country’s small and mid-sized real estate firms have come under more pressure from… Read More>>
Owner of Jinmao Tower to Spin Off Assets After Shelved Bond Sale
Commercial developer Franshion Properties joined the ranks of China’s most troubled real estate companies today by opting to spin off some its existing assets into a new listed company in an attempt to raise much needed cash.
The move by… Read More>>
Meet Asia’s 13 Wealthiest Real Estate Barons
Out of the world’s 20 real wealthiest real estate tycoons, 13 of them are Chinese, according to the latest Forbes Rich List which tracks the fortunes of the world’s wealthiest people.
Only six of the richest real estate 20 are… Read More>>
Profits Drop 47% for Soho China as Developer Struggles with Strategy Shift
Beijing-based real estate developer Soho China reported a 47 percent drop in profits for the second half of 2013, as the developer which made its name building office complexes and then selling off individual units, struggles to switch to… Read More>>