With Chinese housing prices starting to slide, Chinese investment in international real estate is increasing dramatically, and it’s a lot easier than you thought to be able to sell to them. Only two things are required to make these sales:… Read More ›
They don’t build ‘em like they used to, and when it comes to housing in China, that’s probably a good thing. According to the official Xinhua news agency, the price behind the breakneck pace of China’s construction boom since the… Read More ›
Zig-zagging left and right through a maze of dark, narrow corridors in a high-rise’s basement, 35-year-old kitchen worker Hu has joined the many thousands of Chinese fleeing fast-rising property prices by heading down – down underground. Hu lives here beneath… Read More ›
Chinese investors may own less than 1 per cent of Australian farmland, but the true level is not known because it is hidden behind a corporate veil, according to a new report that offers support to the establishment of a… Read More ›
The newly-topped 632 metre (over 2000 feet) Shanghai Tower is currently the world’s second tallest structure, outdone only by the Burj Khalifa in Dubai. But equally impressive is what it will have going on inside. In addition to 521,000 square… Read More ›
When it comes to illegal structures, a rooftop villa built by an eccentric Beijing resident on top of a 26-storey residential building puts Henry Tang’s wine cellar to shame. Beijing‘s chengguan, or urban management, officials on Monday issued an ultimatum… Read More ›
For years, the race to build the world’s tallest tower has been dominated by the United Arab Emirates with the Burj Khalifa in Dubai, or the Tokyo Sky Tree of Japan. But China recently opened up a few front in… Read More ›
Paul Salo has been selling real estate in China for more than twenty years, and now wants to show others how to sell real estate to wealthy Chinese buyers. Paul has made a series of eleven videos, showing how to… Read More ›
The shape of the new headquarters of the People’s Daily, the Communist Party’s main propaganda machine, has sparked heated discussion online for looking a bit too phallic. The building is still under construction in Beijing, but at its current stage,… Read More ›
Xinhua quotes economist Wu Jinglian as saying, in quite a few years in the past, Chinese authorities have earned profits of nearly $5 trillion in selling to property developers the land they expropriated from peasants. In the course of large-scale urbanisation,… Read More ›
Scheduled to be the tallest tower in China and the second tallest building in the world by 2015, Kohn Pedersen Fox’s 660-meter-high Ping’an International Finance Center has received a major unexpected set back. Following an industry wide inspection conducted last week, Shenzhen government officials have discovered… Read More ›
Throughout history, civilisations have copied, borrowed and shared architectural styles. London‘s St. Paul’s Cathedral and the United States Capitol dome are both modelled after the Pantheon in Rome. Chicago’s Tribune Tower takes from the Gothic design of Rouen Cathedral in… Read More ›
In just 30 years, China‘s state-controlled economy became the world’s second largest, strictly managed by government policies and decrees. One of the few economic sectors where the rising and affluent middle class could invest was real estate and construction. As much… Read More ›
The government may be putting a lid on it, but if China‘s housing market was a metaphorical “soup de jour”, it is back to boil over. Property prices are rising in 53 out of 70 cities surveyed by the National Bureau of… Read More ›
Last month China made news with the surprising announcement that a firm in the city of Changsha would attempt to build the world’s tallest skyscraper in 90 days. Now, the country is making headlines with another ambitious challenge — flattening… Read More ›
If only constructing a skyscraper were as easy as stacking Legos. Then, we’d be throwing together 200-story towers in a matter of weeks, just clicking blocks together until we got bored. But the idea isn’t so far-fetched: if China’s Broad… Read More ›
Authorities in Sansha City, which was established last week on Yongxing Island in China‘s southernmost province of Hainan, have decided to build 83 low-rent apartments for its residents, the People’s Daily reported on July 30, 2012. The island is currently… Read More ›
Shares in Chinese property developer Evergrande Real Estate Group Ltd slumped by as much as a fifth on Thursday – wiping around $1.7 billion off its market value – after the company was targeted by a report from short-sale specialist… Read More ›
Average home prices in China‘s 70 major cities fell 1.5 percent in May from a year earlier, Reuters calculations based on official data published on Monday showed, and the pace of decline picked up in major cities such as Shanghai…. Read More ›
Property, traditionally a major source of wealth in China, now seems like a lose-lose prospect for investors. Restrictions on mortgages and purchases for those who already own a home are weighing heavily on the industry, with home prices hitting a… Read More ›
Notoriously bearish on China, Kynikos Associates president Jim Chanos is continuing to caution investors to brace for China’s real estate bubble to burst. The hedge fund manager also sounded the warning bell about the outlook for Chinese inflation. “We’re bearish… Read More ›
More Chinese property developers have filed for bankruptcy, the South China Morning Post reported on Friday
Wilmar International’s billionaire founder Kuok Khoon Hong has tripled his stake in a China property trust and set up a S$500 million ($400 million) investment firm with a former CapitaLand executive, raising his exposure to the real estate sector. Kuok,… Read More ›
More than half the apartments in Beijing and Shanghai are empty, the China Daily reports, quoting an online investigation of 100 Chinese cities by news website Sina.com. Hainan rated over 70 percent empty, Beijing 66 percent and Shanghai 51 percent,… Read More ›
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