Dalian Wanda Group says it will invest RMB 63 billion ($9.45 billion) to build a tourism and sports complex in Jinan, a gritty industrial city of just over 7 million people in northern China’s Shandong province. The combination theme park,… Read More>>
Flash Flood Wipes Out China Mall in Latest Retail Setback
China’s shopping centre scene has been a bit of a disaster lately, but the crush of bad news reached a new level last week when a flash flood surged through a mall in the city of Jinan, washing away merchandise… Read More>>
China Home Sales Jump in Cities Lifting Purchase Restrictions
The first two cities in China to repeal home purchase restrictions on a sweeping basis have seen a surge in sales according to data from E-House and local government sources.
Hohhot, which cancelled all home purchase restrictions during the last… Read More>>
Parkson Closes Beijing Shop as Department Stores Stagger
Parkson Retail Group has temporarily closed one of its Beijing stores following reports of dropping sales and after it permanently closed two stores in other Chinese cities.
Sam Au, chief financial officer of Parkson Retail Group, told the local press… Read More>>
Jinan Lifts Home Purchase Restrictions Amid Housing Glut
The capital of eastern China’s Shandong province will now allow potential buyers to purchase as many homes as they would like, regardless of whether or not they are residents.
The move by the city of Jinan was confirmed by officials… Read More>>
Bank Grabs Assets of Defaulting Chinese Developer
A government-owned bank in the city of Jinan has confiscated and begun selling off the assets of a delinquent local government real estate company, after successfully suing the property firm in court.
Qilu Bank Co, announced last week that it… Read More>>
Jinan Next in Line as Chinese Cities Roll Back Real Estate Restrictions
An announcement dated yesterday on a Jinan city government website indicated that the second tier city in Shandong province will soon join several other Chinese urban centres in revising restrictions on home sales as real estate markets sag across the… Read More>>
Paul Andreu-Designed Theatre Completed in Jinan
Paris-based architect Paul Andreu’s Jinan Grand Theater was completed recently as part of a provincial cultural and arts center in the northern Chinese city.
Andreu, who also designed the Pudong International Airport, as well as the National Grand Theater in… Read More>>