Asia Pacific real estate investment news and information
A little-known developer made a big splash in Shanghai this week by paying the highest price ever for land in China’s most expensive city.
Fujian-based Ronshine China Holdings is China’s new land king after beating out 17 rival bidders to… Read More>>
Gemdale Corp has taken the title of China’s new ‘land king’ as the developer outbid more than 20 rivals to pay RMB 8.8 billion ($1.3 billion) for a 140,252 square-meter parcel of land in Shanghai last week.
The Shanghai-listed company’s… Read More>>
The value of land sold in Shanghai totaled RMB 50.6 billion ($7.5 billion) in the first six months of this year with half of the plots fetching premiums double the auction minimums, underscoring the demand for land in China’s first-tier… Read More>>
The rush for land in China’s first-tier cities continues as Beijing-based COFCO Property Investment last week agreed to pay RMB 2.44 billion ($368 million) for a plot of residential land in Shanghai’s Pudong district. The price paid by the state-run… Read More>>
Despite a drop in unsold inventories of property in May, the mainland still faces an uphill battle destocking millions of square meters of oversupply.This unsold overhang, coupled with diverging market performance nationwide, is leading governments in some second and third-tier… Read More>>
Cinda Real Estate established itself as China’s new land king this week by paying RMB 5.8 billion ($870 million) for a plot of land in Shanghai’s Baoshan district.
The land purchase marked the third time in less than seven months… Read More>>
Sales of land in China fell to RMB 3.37 trillion in 2015, down by 21.6 percent compared to 2014, as local governments cut back on new site auctions, according to official figures released by the Ministry of Finance.
The newfound… Read More>>
New restrictions on property development and home sales could be on the way in Shanghai as the city struggles with housing prices that rose nearly two percent last month.
Apparently fearing the beginnings of a bigger surge, such as the… Read More>>
State-owned developer Gemdale Group beat out 16 competitors to pick up a residential site in Shanghai’s Jiading district for RMB 2.01 billion ($315 million), setting a new record per square metre for housing in the suburban area.
Gemdale’s bid was approximately… Read More>>
Several months of policy tweaking by Chinese authorities appears to have revived home sales, but the country’s all important real estate sector has yet to see a revival in investment levels, according to newly released figures from China’s National Bureau… Read More>>
