Building houses is a profitable business in China - something the Yanlord Land Group knows all too well. But the property giant did not start off in real estate. When it first set up shop in Singapore in the 80s, it focused mainly on trading and manufacturing. With China as its main market, Yanlord soon found it hard to compete against local rivals. But it was quick to spot another golden opportunity...
China Property
Developer Keppel Land has acquired an additional 66 hectares of a waterfront site in Zhongshan in China's Guangdong province. This now completes Keppel Land's acquisition of an 86 hectare site for its first waterfront residential cum marina development in China. Keppel Land had first announced in April 2008 its interest to develop premium waterfront homes in the affluent Pearl River Delta region of...
Commercial property manager Ascendas has announced that its China Commercial Fund has bought a building in Shanghai. Ascendas did not disclose the price it paid, citing a non-disclosure agreement. It only said that, with the acquisition of Cross Tower, the $800 million fund was fully-invested Cross Tower joins two other properties in prime business areas acquired by the fund: Ascendas Plaza at Xu Jia Hui...
Most of the capital's luxury real estate projects are encountering poor sales even in the back-to-boom market, industry insiders revealed. Nearly 70 per cent of the property for sale in the 30 most expensive developments remain on the market, where some have languished for more than four years, according to Beijing Times. Figures from the Beijing real estate trading management website, an official portal...
Pru Asset launches China equity fund, says property sector there not a bubble Some market experts expect equity funds targeting China to enjoy yearly double-digit returns for the next five years. Four China-focused equity funds in Singapore recorded returns of up to 7 per cent in the three months to mid-August. And Prudential Asset Management is hoping to get in on the act with a new China equity fund...
Beijing's efforts to deter property speculators look to be paying off China's property prices rose at the slowest pace in six months in July as the government clamped down on speculation to prevent asset bubbles and keep housing affordable. Prices in 70 major cities climbed 10.3 per cent from a year earlier, the Statistic Bureau's newspaper, China Information News, reported this morning. That was less...
While local residents complain about escalating property prices from Guangzhou to Beijing, the comparative value for money still tempts foreign investors, especially those who have lived and worked in Chinese cities for a long time. With China's growing importance as a major international financial power coupled with the property boom post-Olympics and post-World Expo, more and more foreign buyers are...
Govt may fine-tune property policy as economy softens in the coming months Investors who bet that China will declare an early end to its property tightening campaign are doing so at their own peril. While the government is likely to fine-tune property policy as the economy softens in the coming months, it is not about to reverse tightening measures that it believes are critical to safeguarding China's...
For the first time in a year, Liu Long, 26, thinks he may consider purchasing an apartment in Beijing, despite the fact that the average price is still rising. Liu seemed a little tired when he stepped into Kylin Zone, a property project near Beijing's North Fourth Ring Road. "This is the fifth real estate project I've seen this week," Liu said. "To be honest, in the past year, every time I read...