Eastern China’s Zhejiang province could be in for more trouble as the SWAT team was called in to calm protests that erupted in the city of Taizhou after property developers began discounting home prices by 30 percent late last month.
Credit Agency Fitch Sees Trouble for China’s Small Developers
Credit ratings agency Fitch has reviewed the recent collapse of a property developer in eastern China, and find that this case represents industry trends that investors should be aware of. The text of the agency’s statement follows.
Fitch Ratings says… Read More>>
CapitaLand Acquires Residential Site in Ningbo for US$181 Mil
CapitaLand China, a subsidiary of Singapore’s largest real estate developer announced recently that it had acquired a residential site in the port city of Ningbo in eastern China’s Zhejiang province for S$232 million (US$181.45 million).
The 57,370 square metre site in the Sunjia area of the city’s Jiangbei district was acquired through a government land auction, and CapitaLand said in a statement that it intends to develop approximately 1,100 homes on the property.
DC-Based Architect Creates Design for Shaoxing Cultural Park
A design by Washington DC-based architect Liu Xiang has been selected for a new commercial real estate development in the city of Shaoxing in China’s Zhejiang province.
The architect believes that the design for the 160,000 square metre cultural centre… Read More>>
Wahaha opens Waow Plaza shopping mall in Hangzhou – and more of Today’s China Real Estate Links | December 3, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
Leading Chinese beverage producer Wahaha Group expanded its business Thursday when it formally… Read More>>
Hangzhou Developer Suffers China’s First Real Estate Bankruptcy — and more of Today’s China Real Estate Links | April 12, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
The first case of bankruptcy among China’s real estate companies appeared in Hangzhou… Read More>>