WeWork, the Manhattan-based communal office provider, launched its first Asia location in Shanghai this month as companies work to gauge the depth of demand for co-working space in Asia. The US$16 billion startup’s beachhead in the region opened for business… Read More>>
After a Boom Decade, Shanghai Still Needs Room to Grow
“Ten years ago, there were construction cranes everywhere in downtown Shanghai,” recalls Anthony Couse, the outgoing Managing Director of property consultancy JLL’s Shanghai and East China offices. The city was in the midst of a massive construction boom. Many analysts… Read More>>
COFCO Property Beats Out 20 Rivals to Pay $368M for Suburban Shanghai Site
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>>
Cinda Pays 303% Over Opening Price to Buy Shanghai Land at Auction
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>>
30 Developers Compete to Pay Double for Suburban Shanghai Land
A crowd of 30 mainland developers cast aside concerns of a government clampdown on Shanghai housing sales last week to stoke a bidding war for three pieces of land in the city’s suburbs, which ultimately sold for well above their… Read More>>
Shanghai Bulldozes Past Developer Lawsuit to Raze Golf Courses
Orient Golf Shanghai opened in 2003, just one year before the Chinese government passed a law banning construction of golf courses, and just in time to benefit from a golf boom fuelled by China’s newly wealthy business and political classes.
Shanghai Chief Vows Housing Price Crackdown as Home Sales Surge
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>>
JLL Picks China’s Top 9 Cities for Real Estate Opportunities
Although China’s current real estate slump is driving many investors back to the safe havens offered by China’s biggest metropolitan areas, the best locations for real estate opportunities may be in nine, just slightly smaller cities.
The China60 report issued… Read More>>
Kaisa Project Frozen in Hangzhou – More Cities Could Follow
Government bans on property sales are no longer confined to Shenzhen, as real estate developer Kaisa now sees its troubles spreading to other cities, and reports indicate that a Shanghai property developer has also had projects frozen.
According to a… Read More>>
Knight Frank Promotes Newcomer to Head of Landlord Rep in Shanghai
International property consultancy Knight Frank announced this week that it has promoted Benjamin Zhang to head its landlord representation in Shanghai, as the UK-based company following the newcomer’s strong performance in his first few months with the team.
According to… Read More>>
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