China Economic ReviewNew regulations issued by the Ministry of Construction allow foreign companies to invest in urban planning service enterprises in China and such enterprises will be allowed to take part in urban planning. However, the regulations forbid the commissioning of overall urban planning to foreign-invested enterprises. To qualify, the foreign investor must be engaged in urban […]
Transforming a strip of land on Hainan island twice the size of Macau into a leading Asian convention centre would seem to be a major gamble even for a large company, let alone a single individual. But through intelligent risk management, the vision turned into reality.The way in which Jiang Xiaosong developed Boao illustrates some […]
About a decade after the last five-star hotel opened in Hong Kong, two groups announced that they would open luxury properties there. Jardine Group's Mandarin Oriental Hotel Group intends to open a second five-star hotel in Hong Kong, partly to cater for the growing number of mainland visitors to the SAR. The hotel will contain […]
Work resumed last month in Shanghai on a glass office tower that will be the world's tallest building. Construction of the Shanghai World Financial Center started in 1997 but was halted soon afterwards because of the onset of the Asian financial crisis. The developer, Japan's Mori Building Co, said the building would be the tallest […]
New World China Land plans to spend Yn3bn on two commercial and residential developments in Shanghai, Bloomberg reported. The China property unit of New World Development Co will spend Yn1.5bn on building a retail and hotel complex in the city's Luwan district and another Yn1.5bn on a housing project in the Changning district. Both are […]