A 24 percent drop in weekly home sales in Shenzhen, paralleled by talk of new home sales restrictions in Shanghai could signal serious steps by China’s government to clamp down on raging first-tier housing markets. Meanwhile, slumping mall sales have… Read More>>
Shenzhen, Shanghai Home Prices Continue Climb and More China Real Estate Headlines 2016-02-28
China’s housing recovery continues to reflect the broader economy, as first tier cities offering white collar jobs see home prices soar, while smaller communities continue to search for a way forward amidst a slumping manufacturing sector. Also, the world’s biggest… Read More>>
Chinese Estates Boss Buys Record $48M Diamond and More China Real Estate Headlines 2015-11-14
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Chinese Estates Boss Buys Record $48M Diamond for Daughter
A Hong Kong billionaire spent a record $48.4m buying an 12.03-carat diamond… Read More>>
Sun Hung Kai CFO Patrick Chan Resigns
Hong Kong real estate developer Sun Hung Kai informed the city’s stock exchange today that the company’s chief financial officer, Patrick Chan Kwok-wai, will not seek re-election to the board of directors next month, and is resigning from his duties… Read More>>
12 of the World’s 20 Richest Real Estate Tycoons are Chinese
Real estate is good business in most parts of the world, but nowhere is the property business a better place to build wealth than in Asia, according to a recent survey.
The recently released Forbes Rich List, the annual compendium of… Read More>>
Surge of New Offices as 2.78M Sqm Added to China’s Downtowns
China’s major cities expect to add a record 2.78 million square metres of new office space in 2015, but the record is likely to be short-lived, as another 4.18 million square metres are predicted to come online in 2016, according… Read More>>
Chinese Developer Sets Local Price Record in HK Land Buy
After nearly twenty years of boom times, China’s real estate developers are known for their optimism, and this positive market outlook was revealed again this week when state-owned developer China City Construction (International) set a new local record for a… Read More>>
Grand Opening of 31-Storey Xujiahui Tower on Thursday
Shanghai’s cramped downtown office market will get an injection of new space this week when a 31-story Gensler-designed tower officially debuts in Xujiahui.
The CURA International Center along Hongqiao Road was completed earlier this year, and could mark the resurgence… Read More>>
Sun Hung Kai Raises S$320M in Singapore Bond Issue
Sun Hung Kai Properties (SHKP), which has invested heavily in mainland real estate and whose co-chairmen went on trial for corruption last week, successfully priced a S$320 million ($256.26 million) bond on Friday as developers in Greater China gird for… Read More>>
Meet Asia’s 13 Wealthiest Real Estate Barons
Out of the world’s 20 real wealthiest real estate tycoons, 13 of them are Chinese, according to the latest Forbes Rich List which tracks the fortunes of the world’s wealthiest people.
Only six of the richest real estate 20 are… Read More>>