China Economic ReviewShanghai sold its largest single plot of land at a record price of RMB1.14bn, with Chungkin Shekou Development Company winning the auction of the 26,788 square metre plot northeast of the downtown Shanghai, according to China News Service. The average price per square metre on the plot amounted to RMB42,556, a first for a city […]
Chinese land prices rose 6% year-on-year in 2004, Bedijing's Land and Resources Bureau said, predicting the upward trend would continue. Residential land prices outstripped those for office and retail development, rising 8.94% to an average of RMB1,988 (US$240.4) per square meter. The bureau said the biggest growth in housing land prices was in Tianjin were […]
Neither bun nor theory holds water
Shui On Chairman Vincent Lo Hong-sui said Shanghai residential property prices should rise 15% in 2005, according to report in the South China Morning Post. Speaking at groundbreaking ceremonies for a new government complex in Hong Kong where Shui On's construction unit is a contractor, he said Hong Kong residential prices had risen too sharply […]
Merrill Lynch is reportedly exploring taking a stake in a property development in central Beijing, the South China Morning Post said, calling it a possible first for Merrill in China property. The target of its reported interest is an unspecified stake in Beijing Yintai Property, which was set up to develop Beijing Yintai Centre, which […]