After months of record gains in home prices, China’s real estate market showed signs of cooling down this week when official statistics revealed price growth of less than one percent in the country’s first-tier cities. The weakness in property prices… Read More>>
Beijing Now Has World’s 4th Highest Office Rents
Office rents in Beijing’s central business district held steady in 2013, but even holding your own can make you stand out sometimes, as China’s capital became the world’s fourth most expensive place to rent an office.
According to the Office… Read More>>
Commercial Real Estate Deals Down 72 Percent in Shenzhen This Year
Sales of commercial property dropped by as much as 72 percent in 43 of 90 cities across China last month, according to a report released by a division of real estate agency e-House.
The report published this week by CRIC, the real estate information division of e-House finds that Beijing recorded only 6094 commercial real estate transactions during January, and in terms of area, only 744,300 square meters were sold.
China Approves 12 More Free Trade Zones
China’s central government has given the nod to 12 free trade zones (FTZs) following the one in Shanghai, amid a spurt of nationwide enthusiasm for such schemes.
Tianjin Municipality and Guangdong Province have been green-lit to set up FTZs, a source with knowledge of the approval told Xinhua-run Economic Information Daily on Wednesday, refusing to leak the remaining 10.
Cities Unable to Meet Housing Price Control Targets Say Experts
It’s virtually impossible for major Chinese cities to meet their housing price control target set for 2013, experts say.
The prices of newly built housing in the four first-tier cities, namely Beijing, Shanghai, Shenzhen and Guangzhou, kept a 20 percent growth rate from September to November, according to statistics published by National Bureau of Statistics.
Shanghai is Asia’s Hottest Retail Location, But HK Still Costs 4x More
Two out of the region’s five hottest shopping districts are in Greater China, with the mainland set to be the centre of growth, according to a report released today by real estate consultancy Jones Lang LaSalle.
A decade ago many… Read More>>
Shanghai Commercial Real Estate Investment Deals Jump 50% in 2013
Large scale commercial property transactions in Shanghai increased by fifty percent from 2012 to 2013, according to one of the world’s largest real estate agencies.
The rise in en-bloc transactions, or sales of whole commercial buildings, reached RMB 46.7 billion… Read More>>
Shanghai Ranks Second in Asia for Real Estate Investment
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>>
Zhang Xin and Pan Shiyi’s SOHO China Selling Three Shanghai Office Projects
Once the most aggressive developer in Shanghai, SOHO China is reported to be selling three of the 12 projects that it has acquired in Shanghai as the firm may be struggling to implement all of the buildings in its pipeline.
Shanghai Hikes Down Payments to 70% to Cool Housing Demand
Shanghai’s government got the message from someone upstairs regarding the city’s 14 percent increase on housing prices during October, and the result is raft of new restrictions on housing purchases in the city.
Following several straight months of record increases… Read More>>
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