The Chinese capital city of Beijing will maintain restrictions on home purchases this year to continue to cool the property market, the Dow Jones news agency reported Friday, citing the city's Mayor. Housing prices in the city fell 11.3 per cent last year, while private home sales fell 14 per cent in the period. First-time home buyers accounted for nearly 90 per cent of all sales last year, said Beijing...
Beijing Property
Capitaland's wholly-owned serviced residence business unit, The Ascott Group, has opened its fifth serviced residence in Beijing. It is also the first time an Ascott serviced residence has partnered with Raffles City to offer an integrated lifestyle development comprising a retail mall, an office tower and a serviced residence. Located in Dongcheng District, the new serviced residence is near the Second...
Upping the swank factor While almost everybody else in China was glued to news about the Olympics, Singapore-based Frasers Hospitality yesterday opened its swankiest digs to date in the country, the 357-unit Fraser Suites CBD in Beijing, which cost US$135 million ($190 million). Singapore President S R Nathan, in the Chinese capital at the invitation of that country’s government to watch the Games,...