A consortium led by state-backed China Resources Land outbid Hong Kong’s Sun Hung Kai Properties and a joint venture between Swire Properties and Ping An Real Estate to win a commercial site in Shanghai’s Jing’an district for a record RMB… Read More>>
China Real Estate Company Profits Down 5.36 Percent in First Quarter
More than half of China’s listed real estate companies saw profits shrink during the first quarter of 2014, according to recent figures from an independent financial information provider. The country’s once booming property sector has been suffering through one its… Read More>>