One of the highest profile early entrants to the Shanghai property market is facing off against the biggest landlord in Hong Kong’s Central district in the final bidding for a prime commercial site in Shanghai’s Huangpu district expected to sell… Read More>>
FILA Relaunches Shanghai Flagship Store on East Nanjing Road
Global sportswear brand FILA has relaunched its flagship store in Shanghai, celebrating the opening of its largest retail space in Greater China. The expanded and upgraded venue in the Mosaic Shanghai mall on East Nanjing Road now covers 867 square metres… Read More>>
Evergrande Takes Over $2B Commercial Project in Shanghai’s Hongqiao Area
China Evergrande, the country’s second-biggest developer by sales, is reported to have taken over a stalled RMB 13 billion ($2 billion) commercial project near the Shanghai Hongqiao International Airport.
Evergrande is now the owner of the project, Hongyuan Shengshi International… Read More>>
Shanghai Existing Home Sales Fell 22% in April Amid Credit Clampdown
Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp down on sales of pricey housing in an effort to keep residential real estate prices steady.
The city saw some 13,550… Read More>>
US Hypermarket Chain Costco Sets Up in Shanghai
American wholesale giant Costco is opening its first store in the world’s second-biggest economy, even as foreign retailers like Tesco and Lotte scale back their businesses in China due to market barriers and disappointing sales.
Costco inked an agreement with… Read More>>
CapitaLand Opens First Mainland Co-Working Space in Shanghai
Singapore’s biggest commercial developer CapitaLand has launched its first co-working space in China with the opening of C3 (“C Cube”) in Shanghai, the company announced.
Located in CapitaLand’s Innov Center office project in Yangpu district, the shared office centre covers… Read More>>
HNA Sells Shanghai Project to Mainland Developer Fusheng for $456M
While in talks to sell over $3 billion of overseas assets in the United States and Europe, debt-ridden HNA Group has offloaded another project in China for $456 million as the Hainan-based conglomerate struggles to climb out of a $100… Read More>>
Shanghai Disney Adds Toy Story Land as Rival Chinese Parks Struggle
Two weeks after a top Chinese government planning body warned against the “blind” construction of theme parks, Walt Disney unveiled the first expansion of its Shanghai Disney Resort with the presence of municipal government representatives sporting grins nearly as large… Read More>>
Lendlease Enters China Senior Housing Market With $302M Shanghai Project
Australia’s largest provider of senior housing is entering the Chinese elder living market for the first time. Aussie property developer Lendlease is set to develop a RMB 1.9 billion ($302 million) senior living community in Shanghai, China, according to a… Read More>>
Benoy Wins Design and Masterplanning for AI Park in Shanghai
Global design firm Benoy has won a competition to serve as masterplanner and architect for a 367,000 square metre research and commercial hub near the east bank of Shanghai’s Huangpu River. Benoy will work with local developer Shanghai Lujiazui Group… Read More>>
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