The organiser of China’s pavilion at Expo 2015 in Milan has selected a proposal by New York-based architecture firm Link-Arc, together with partner Tsinghua University, as the winner of the competition to design China’s entry in the upcoming world’s fair.
Was Anti-Graft Campaign the Real Reason Luxury Retail Struggled in 2013? Mingtiandi Survey Results
While China’s luxury retailers fell well short of their goals in 2013, the major cause of the industry’s struggles was poor planning, not a government clampdown on bribery and draft, according to a survey conducted last week on Mingtiandi.
Among… Read More>>
65% of Luxury Retailers Missing China Targets Amid Anti-Corruption Drive
Zara is in and Prada is out as Xi Jinping’s crackdown on corruption is starting to cause problems for high-end brands in China. According to a recent market survey 65 percent of luxury retailers failed to reach their targets for… Read More>>
Wanda’s Wang Jianlin Doubles Money on US Theatre Investment
Billionaire Wang Jianlin got $900 million richer in eighteen months by making a US investment that many observers at the time dismissed as an ego move.
The chairman of China’s Dalian Wanda has seen his original $800 million share purchase… Read More>>
Hang Lung’s Tianjin Riverside 66 to Open with Awards But No Demand
The latest high-end retail offering from Hong Kong developer Hang Lung is preparing to launch in Tianjin this year, adding an award-winning design and 152,000 square metres of new space to one of China’s most overbuilt cities.
The Kohn Pedersen… Read More>>
Soho Sells 2 Buildings in Shanghai for RMB 5.23B – Misses Price Target
Beijing-based real estate company Soho China announced on Friday that it is selling two commercial projects in Shanghai for RMB 5.23 billion ($851 million). The sale price is well below what the developer asked for, as the market for commercial… Read More>>
Greenland to Invest RMB 20 bil for Malaysia Projects Near Singapore
Shanghai-based developer Greenland Group, is planning to invest RMB 20 billion (US$3.3 billion) to develop a resort hotel and residential projects in southern Malaysia close to the border with Singapore, in the latest overseas move by one of China’s most… Read More>>
Record Levels of Traffic to Mingtiandi Last Week
More people came to Mingtiandi last week to access our updated China real estate information than ever before, and I just wanted to take this opportunity to thank all of our readers for your support.
In all, there were more than 3000 visits to Mingtiandi.com from February 16th to 22nd, the most since the blog was founded more than five years ago.
Beijing Halts Land Sale Ahead of Party Meetings
Local governments in China favor letting the market determine real estate prices, except when it might become a hot topic at internal party meetings. This seems to be the message from the recent cancellation of an upcoming land sale in… Read More>>
Market Tires of China Developer Debt as Bond Sale Flops
Even interest rates of 12.75 percent are not necessarily enough to entice financiers to buy debt from Chinese developers, as a high yield bond sale failed to reach its target last week. The unwanted offering by Hong Kong-listed developer China… Read More>>
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