Asia Pacific real estate investment news and information
Investment in big ticket real estate deals by private individuals has risen more than 111 percent in the last five years, with Asian investors leading the surge.
A new report by real estate services firm Savills, in partnership with Singapore cosultancy Wealth-X finds that while corporate real estate investments have increased 43 percent since 2008, real estate acquisitiosn in excess of US$10 million by the world’s wealthy rose by 111 percent in the same period.
China Investment Corp., the country’s $575 billion sovereign wealth fund, favors European infrastructure and real estate as developed markets will drive the next phase of the global economic recovery.
“Europe has a lot of potential,” CIC Chairman Ding Xuedong said yesterday at a conference in Hong Kong.
Chinese investors are not just buying overseas property, they’re also piling into trust listings of real estate overseas.
OUE Ltd.LJ3.SG 0.00%, the Singapore-listed property firm that is set to start taking orders Monday for the initial public offering of its commercial assets in China and Singapore, has sold close to half of the nearly US$300 million deal to cornerstone investors—of which Chinese buyers make up a big part.
China’s real estate market performed beyond expectations in 2013, with most developers showing strong growth in sales and profits, and the majority of cities saw housing prices continuing to rise.
However, at least one China expert foresees such progress as harder to come by in 2014.
Chinese investors already made US$5.89 billion in real estate investments in the US this year, and a recent change in the country’s investment regulations promises to make that figure look small by this time in 2014.
Data released by consulting… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
The “Jeju Dream Tower,” or “Twin Building” will be built… Read More>>
For the fourth consecutive year, Shanghai leads China’s major cities and much of the region by ranking as the second most attractive market for real estate investment in Asia Pacific, according to a report released on Thursday by the Urban… Read More>>
Here is a list of the day’s latest China real estate news collected from around the web:
The nation’s largest real estate developer China Vanke Co Ltd sold 1.27… Read More>>
Real estate Developer Shui On Land recently reached agreement to sell its Corporate Avenue 2 project in its Chongqing Tiandi development to Sunshine Life Insurance for RMB 2.4 billion (US$393 million), as the Shanghai-based firm continued to sell off holdings.
45 Chinese property developers, including major players such as Agile Property, Soho China, and China Vanke, have failed to pay at least RMB 3.8 trillion in taxes between 2005 and 2012 according to report on Sunday by CCTV.
The report… Read More>>
