China Economic ReviewThe Chinese government is mulling setting up a giant state-owned real estate group with combined assets worth around US$12.05 billion, the China Daily reported. The plan is part of efforts to consolidate the State-owned real estate sector, the daily said. The newspaper cited backers of the plan as saying the move would optimize state-owned real […]
Singapore government-owned Temasek's CapitaLand unit paid RMB 126 million for a Shanghai site to build 700 homes. Officials said the purchase would help CapitaLand's China operations maintain its target of selling between 1,000 and 1,500 homes a year over the next three years.
With China's office rental yields averaging only 10%, foreign investors could shy away from the segment, the South China Morning Post reported. Hypo Real Estate Bank International, which recently backed China Vanke on a residential development, called the mainland's office market �immature�. Faced with Beijing's lending curbs, developers have been actively seeking out foreign lenders, […]
Paying RMB 600 million, China Resources Land won rights to three residential sites in Beijing, Wuhan and Hefei. The fact that CRL faced almost no competition for the land was put to the fact smaller developers could not secure loans to participate in the bidding in China's current tight-lending environment. CRL Managing Director Wang Yin […]
Property firm Jones Lang LaSalle said real-estate agents were facing a tough time securing sites for multinationals seeking factory sites in the wake of Beijing's clampdown on illegal construction projects. In June, Ministry of Land and Resources officials said nearly 5,000 industrial parks had been breaking the law and voided permits in 3,763 cases. The […]