China Economic ReviewKerry Properties of Hong Kong has signed an agreement with Beijing Huayuan Property to build a large residential project in Beijing. Kerry will invest Yn1.45bn in the 50-50 project on 242,000 sq metres at Shibalidian in the Chaoyang district of the city. The first phase is expected to be completed by 2005 and the whole […]
Hong Kong's Hutchison Whampoa Property has pulled out of a Yn10bn residential development project in Beijing after the municipal government set the land price at twice what the company was prepared to pay, South China Morning Post said. The company only recently started first-phase construction of an additional project in the capital, a Yn3bn residential […]
Shanghai has decided to introduce a ban on new buildings over 18 storeys in its central area, China Dailysaid. Tall buildings are seen to be more vulnerable to outbreaks of infectious disease and were blamed for causing higher summer temperatures by changing wind flows. The concentration of skyscrapers in the Lujiazui area of Pudong was […]
The authorities are trying to discipline the housing market and sort out real estate's relations with the banks. However, it is unclear whether these actions will divert activity towards the mass housing market. The real estate industry encapsulates the transitional state of the Chinese economy �tructurally distorted and unbalanced by the pressures of over-rapid expansion. […]
Over the past 20 years, many foreign corporations have had to learn the hard way about how best to enter the China market. Today, they can choose from a range of options, says Professor Jonathan Story.