An Australian-Chinese joint venture has won a long-delayed contract to build a new tunnel in Hong Kong, the world’s biggest warehouse builder is seeking $302 million in new funding for its mainland branch, and officials in China’s Zhejiang province are… Read More>>
China Real Estate People in the News 2015-05-11
This week Greater China’s community of real estate professionals features a selection of team members jumping from one property consultancy to another, as well as a crop of agency veterans jumping to find new challenges at competing companies. Read on… Read More>>
China Home Purchase Restrictions Disappear – The Complete Timeline
Three more Chinese local governments announced the abolition of all home purchase restrictions on Thursday, bringing to more than 30 the number of local governments that have done away with the measures in a bid to revive their flagging home… Read More>>
Buyers Now Abandoning Homes in Wenzhou as Prices Slide
The city of Wenzhou in Zhejiang province has long been known as a centre for entrepreneurial zeal, but after nearly three years of sliding home prices it is becoming known for something else innovative in China – walking away from your… Read More>>
Mapletree Acquires Ningbo Mixed-Use Site for RMB 1B
At least one international company is willing to bet that the eye of China’s real estate storm is the centre of opportunity as Singapore’s Mapletree last week acquired a site in the troubled city of Ningbo for RMB 1.04 billion… Read More>>
Ningbo Developer Acquired for RMB 950M as Market Consolidates
Shenzhen-listed developer Yinyi Real Estate (SZSE: 000981) announced this week that it plans to purchase a 70 percent stake in one of its local Ningbo competitors for as much as RMB 950 million (US$151.9 million), as Zhejiang province’s property industry… Read More>>
Greentown Chief Blames Govt as He Sells Stake in Developer
The chairman of a Hangzhou-based real estate developer blamed “stupid officials” for the hard times that have forced him to sell out his controlling stake in Greentown China to Sunac Holdings, in a transaction valued at HK$6.3 billion (US$813 million).
Home Price Growth Slows to 6.7% As China Real Estate Slide Continues
Official figures released this week indicate that housing prices in China continue to cool down, although a majority of the country’s largest cities still see prices rising.
According to the latest survey by China’s National Bureau of Statistics, average home… Read More>>
Greentown Selling Shares to Sunac Amid Market Slowdown
While China’s real estate market slump has meant trouble for some investors, many companies continue to see it as an opportunity to shop for deals that might never be available in a bull market.
Tianjin-based developer Sunac is taking advantage of… Read More>>
Hangzhou Tries to Prop Up House Prices by Regulating Discounts
The bureaucrats running the city of Hangzhou in eastern China have reached back into their command-economy toolkits for a solution to rapidly decaying housing prices – make discounts subject to government approval.
The Hangzhou government announced on Wednesday that real… Read More>>