Asia real estate and outbound investment news
Despite sliding real estate prices in recent months and widespread reports of a property bubble, several of the country’s real estate developers showed their ongoing optimism on Friday by bidding up the price of a land plot in Shanghai.
State-owned Poly… Read More>>
The value of land sold in Shanghai during the month of March dipped to less than RMB 10 billion, the lowest volume since April 2013, as the city appears to be reducing the amount of land made available on the… Read More>>
China’s 10 biggest developers poured more than half of their RMB 63.9 billion (US$10.5 billion) in land purchases this year into four of the country’s biggest cities as competition for prime locations increases.
A recent report in the Securities Daily… Read More>>
China’s rebounding real estate market continues to drive up land prices, as a subsidiary of Singapore’s Wing Tai group recently set a new record by paying RMB 42,821 (US$7,028) per square metre of planned space for a plot near Xintiandi.
While the amount of land sold in Shanghai during 2011 was up compared to 2010, the amount of revenue that the local government achieved through these sales dropped during the past year. According to reports from local media, the greatest… Read More>>
