While some analysts are predicting that the decision by China’s government to loosen home purchase restrictions will lead to a rapid recovery in the housing market, a recent survey by Standard Chartered shows that the people who need to borrow… Read More>>
Developer Shenzhen Hazens Buys Los Angeles Hotel for $105M
China bought another piece of California last week when a Shenzhen-based real estate developer scooped up the Luxe City Center Hotel and two adjacent plots of land near the Staples Center for $105 million.
The 178-room hostelry is the second… Read More>>
China Developer Reports 31% Profit Drop as Small Companies Struggle
China Overseas Grand Ocean Group, one of China’s smaller listed developers, reported a 31 percent drop in net profit during the first half of 2014, and the company’s performance seems to confirm the diverging fortunes of the haves and the… Read More>>
Guangzhou’s Jumbo 001 to Compete with Beijing’s Big Underpants
Beijing has the big underpants, and Shanghai has its scary-tall towers, and now southern supercity Guangzhou hopes to build its own architectural landmark with a set of towers which appear to spell out “100” or (001 depending on where you… Read More>>
Onshore Real Estate Bonds Return as Government Props Up Ailing Developers
Sales of property developer bonds returned to China’s domestic market recently in a sign that the Xi government is not yet quite ready to real estate companies to go under. At least in most cases.
Just last week, Shanghai-listed Jiangsu… Read More>>
Banking Regulator Focuses on China Real Estate Market Risks
China’s chief banking regulator vowed last week to limit the amount of leverage in the country’s real estate sector this year and to be on the lookout for illegal lending practices as the country’s property developers continue to come under… Read More>>
HK’s DLN Architects Builds Management Team with Twin Promotions
Dennis Lau and Ng Chun Man Architecture & Engineers Limited today announced that Alexander Lush and Christine Kwan, in recognition of their service to the company’s clients, have been promote to become directors of the company’s Hong Kong office.
Both… Read More>>
Greenland Group Teams with Packer for Brisbane Casino Bid
China’s most aggressive overseas investor has teamed up with Australia’s second-richest man in a race to win the rights to a multi-billion dollar casino development in Brisbane, Australia. In a joint venture first reported on Friday, Shanghai’s Greenland Group plans… Read More>>
Evergrande Real Estate Offers Down-Payment Loans to Boost Sales
Guangzhou-based developer Evergrande Real Estate has begun offering down payment loans that allow buyers to purchase a home with no cash down, as China’s real estate firms search for incentives to stimulate sales.
The sales promotion program from China’s third-largest… Read More>>
Blackstone Prefers China’s Warehouses Over Residential
The head of alternative investment giant Blackstone finds China’s warehouses more interesting than luxury apartments, and just might be in the market for office buildings or shopping malls.
Stephen Schwarzman, chairman and CEO of the US-based private equity firm was… Read More>>
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