China Economic ReviewSingapore's CapitaLand signed an agreement with Wal-Mart's Chinese partner, Shenzhen International Trust & Investment Co, to take a 65% stake in 15 malls anchored by Wal-Mart across China. As a part of the US$400m deal, CapitaLand has an option to invest in 17 other malls anchored by the world's biggest retailer.
China has arrested more than 100 in connection to a clash over land rights in Hebei province that left seven people dead and injured 48, state media reported. Hundreds of armed thugs attacked villagers squatting on the planned site of a state-owned power plant on June 11, a scene that was captured on video. The […]
The Hong Kong property market recovered strongly in 2004, but with rising interest rates in the territory, the outlook for the next 12 months is uncertain, state media reported, citing Standard & Poor's ratings services. The luxury residential market has been the main beneficiary of the rebound, but with banks tightening their mortgage lending rates, […]
The biggest US pension fund, the California Employees' Retirement System, or Calpers, is considering investing in property in China where its own rules prevent investment in China's stock market, Reuters reported, citing Calpers officials. The fund has US$183bn in equity but only US$1.2bn invested in real estate outside the US. Calpers, seeing a peak in […]
Six people were killed and eight badly wounded after several hundred hired thugs clashed with residents of a village in Hebei province over a land dispute, the Agence France Presse reported, citing Beijing News. The men were allegedly hired by the local Hebei Guohua Power Company to intimidate the villagers who have refused to accept […]