Shanghai Property

Fu Yu unit sells land-use rights & buildings in Shanghai

Mainboard-listed Fu Yu Corporation's subsidiary has agreed to sell land-use rights and buildings in a Free Trade Zone in Shanghai. These comprise land-use rights - of an area of 33,280 square metres - which run from 1 March 1996 to 28 February 2046. The deal also includes a 3-storey production-cum-warehouse building with ancillary office of a gross floor area of 8,031 square metres. The total sale...

Shanghai luxury hotel market heats up

The world's leading luxury hotels are rushing to expand in Shanghai ahead of next year's World Expo, with hopes high for the upscale travel sector in the Chinese financial hub despite the global downturn. The opulent Peninsula, the only new building on the main part of Shanghai's historic Bund in 60 years, just opened, embracing the city's Jazz Age heyday with a chauffeur-driven 1934 Rolls Royce Phantom...

Tokyo ranked as Asia-Pacific’s top property investment city

Tokyo has been ranked as the top property investment city in the Asia-Pacific, according to a survey by Washington-based Urban Land Institute and PricewaterhouseCoopers. But while investors see plenty of opportunities in the regional property sector, financing may prove to be a key challenge in the coming year. Together with Tokyo, Singapore, Hong Kong, Bangalore and Shanghai round up the list for the...

Frasers remains bullish about prospects in China

Singapore's Frasers Hospitality, which manages serviced apartments, has launched its latest property in Shanghai. Despite the current global financial uncertainty, it remains bullish about its prospects. Frasers Suites Top Glory in Shanghai was opened by former US secretary of state, Henry Kissinger. The five-tower serviced apartments are located in the bustling Lujiazui central business district in...

Two Chinese cities move to prop up real estate market

Municipal governments in Shanghai and Hangzhou on China's east coast have joined a growing number of cities to introduce measures to prop up the sliding real estate market. For individuals buying their first homes in Shanghai, the maximum they can borrow from the government's housing fund has been doubled to 200,000 yuan ($43,100), the city's housing fund management agency said. The new rules took effect...

60% of apartments launched in Shanghai Yanlord Riverside City Phase 3 sold

Mainboard-listed Yanlord Land Group said 60 per cent of the first batch of 130 apartment units, launched in Shanghai Yanlord Riverside City Phase Three, were sold during the opening weekend earlier this month. This translates to an initial sale of 77 units. The average selling price per square metre rose 13% to about RMB 39,000, compared with the RMB 34,500sqm in Phase Two sold in January this year. The...

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