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Real Estate

This category contains 24 posts

How to sell real estate to Chinese buyers


With Chinese housing prices starting to slide, Chinese investment in international real estate is increasing dramatically, and it’s a lot easier than you thought to be able to sell to them. Only two things are required to make these sales: you must be a realtor, and you must be willing to learn how. Paul Salo … Continue reading

The real China housing collapse: Actual buildings


They don’t build ‘em like they used to, and when it comes to housing in China, that’s probably a good thing. According to the official Xinhua news agency, the price behind the breakneck pace of China’s construction boom since the reform and opening is becoming clear, with buildings collapses frequently involving those constructed in the … Continue reading

Rising home prices send China’s ‘Rat Race’ underground, living in basements and sewers


Zig-zagging left and right through a maze of dark, narrow corridors in a high-rise’s basement, 35-year-old kitchen worker Hu has joined the many thousands of Chinese fleeing fast-rising property prices by heading down – down underground. Hu lives here beneath an affluent downtown apartment building, in a windowless, 4 square-meter (43 square-foot) apartment with his … Continue reading

China’s land grab in Australia hidden by “corporate veil”


Chinese investors may own less than 1 per cent of Australian farmland, but the true level is not known because it is hidden behind a corporate veil, according to a new report that offers support to the establishment of a formal register of foreign land ownership in Australia. A joint report by accountants KPMG and … Continue reading

China’s Shanghai Tower: A massive urban green space


The newly-topped 632 metre (over 2000 feet) Shanghai Tower is currently the world’s second tallest structure, outdone only by the Burj Khalifa in Dubai. But equally impressive is what it will have going on inside. In addition to 521,000 square meters of floor space, 106 elevators, a weight of 1,200 metric tons, and the ability … Continue reading

China: Powerful Beijing doctor’s illegal structure tops them all


When it comes to illegal structures, a rooftop villa built by an eccentric Beijing resident on top of a 26-storey residential building puts Henry Tang’s wine cellar to shame. Beijing‘s chengguan, or urban management, officials on Monday issued an ultimatum to a former government advisor, demanding he tear down the sprawling structure that he had … Continue reading

China’s city-sized mall, complete with artificial sun


For years, the race to build the world’s tallest tower has been dominated by the United Arab Emirates with the Burj Khalifa in Dubai, or the Tokyo Sky Tree of Japan. But China recently opened up a few front in this race with their unveiling of the world’s “largest building”. Known as the New Century … Continue reading

Chinese Investors Seek Foreign Real Estate


Paul Salo has been selling real estate in China for more than twenty years, and now wants to show others how to sell real estate to wealthy Chinese buyers. Paul has made a series of eleven videos, showing how to tap into the network of wealthy Chinese buyers, and sell them property and investments in … Continue reading

New penis-shaped People’s Daily building is literally China’s propaganda organ


The shape of the new headquarters of the People’s Daily, the Communist Party’s main propaganda machine, has sparked heated discussion online for looking a bit too phallic. The building is still under construction in Beijing, but at its current stage, documented widely in pictures on social media sites, its shape is certainly suggestive. Most photos … Continue reading

Five trillion dollars profit earned by Chinese governments from illegal land grabs


Xinhua quotes economist Wu Jinglian as saying, in quite a few years in the past, Chinese authorities have earned profits of nearly $5 trillion in selling to property developers the land they expropriated from peasants. In the course of large-scale urbanisation, expropriation of rural land has given rise to lots of protests that have worried the … Continue reading

Construction of China’s tallest building stopped because of corrosive salt in concrete


Scheduled to be the tallest tower in China and the second tallest building in the world by 2015, Kohn Pedersen Fox’s 660-meter-high Ping’an International Finance Center has received a major unexpected set back. Following an industry wide inspection conducted last week, Shenzhen government officials have discovered a low-quality sea sand has been used by developers to create substandard concrete for KPF’s … Continue reading

China uses copycat architecture to modernise, define and celebrate itself


Throughout history, civilisations have copied, borrowed and shared architectural styles. London‘s St. Paul’s Cathedral and the United States Capitol dome are both modelled after the Pantheon in Rome. Chicago’s Tribune Tower takes from the Gothic design of Rouen Cathedral in France. Now, the Chinese are copying the most iconic cities and towns of the West … Continue reading

China’s real estate bubble


In just 30 years, China‘s state-controlled economy became the world’s second largest, strictly managed by government policies and decrees. One of the few economic sectors where the rising and affluent middle class could invest was real estate and construction. As much as 30% of China’s economy is housing-related. Families have tied their savings into apartments. No one … Continue reading

As expected, China property bubble reinflates


The government may be putting a lid on it, but if China‘s housing market was a metaphorical “soup de jour”, it is back to boil over. Property prices are rising in 53 out of 70 cities surveyed by the National Bureau of Statistics (NBS) in January. Twenty-five cities in November and 12 in October experienced a price hike … Continue reading

China to flatten 700 mountains to build a city


Last month China made news with the surprising announcement that a firm in the city of Changsha would attempt to build the world’s tallest skyscraper in 90 days. Now, the country is making headlines with another ambitious challenge — flattening 700 mountains in order to build a city. The so-called “mountain-moving project,” was actually launched in … Continue reading

China plans to build the world’s largest skyscraper in just 90 days


If only constructing a skyscraper were as easy as stacking Legos. Then, we’d be throwing together 200-story towers in a matter of weeks, just clicking blocks together until we got bored. But the idea isn’t so far-fetched: if China’s Broad Sustainable Building Corp. is doing its math and crossing its ts properly, it could be … Continue reading

China’s newest city: Sansha to build 83 low-rent apartments


Authorities in Sansha City, which was established last week on Yongxing Island in China‘s southernmost province of Hainan, have decided to build 83 low-rent apartments for its residents, the People’s Daily reported on July 30, 2012. The island is currently home to 159 people and their wooden houses are vulnerable to harsh weather. The new … Continue reading

Citron accuses Chinese developer Evergrande of “fraudulent information”


Shares in Chinese property developer Evergrande Real Estate Group Ltd slumped by as much as a fifth on Thursday – wiping around $1.7 billion off its market value – after the company was targeted by a report from short-sale specialist Citron Research, traders said. Evergrande, the second-largest mainland China developer by sales, has grown aggressively … Continue reading

China May home prices fall, pace of declines picks up


Average home prices in China‘s 70 major cities fell 1.5 percent in May from a year earlier, Reuters calculations based on official data published on Monday showed, and the pace of decline picked up in major cities such as Shanghai. It was the third straight monthly decline on a year-on-year basis since the government imposed … Continue reading

Greentown China facing bankruptcy in property slump


Property, traditionally a major source of wealth in China, now seems like a lose-lose prospect for investors. Restrictions on mortgages and purchases for those who already own a home are weighing heavily on the industry, with home prices hitting a 14-month low in April. Many analysts and developers had previously expected the restrictions to be … Continue reading

China’s ‘epic’ property bubble about to burst


Notoriously bearish on China, Kynikos Associates president Jim Chanos is continuing to caution investors to brace for China’s real estate bubble to burst. The hedge fund manager also sounded the warning bell about the outlook for Chinese inflation. “We’re bearish on China’s property sector and the credit sector,” Chanos told CNNMoney at the Milken Institute … Continue reading

Bankruptcies ripple through Chinese developers


More Chinese property developers have filed for bankruptcy, the South China Morning Post reported on Friday Continue reading

Wilmar founder triples stake in Singapore’s Perennial


Wilmar International’s billionaire founder Kuok Khoon Hong has tripled his stake in a China property trust and set up a S$500 million ($400 million) investment firm with a former CapitaLand executive, raising his exposure to the real estate sector. Kuok, Singapore’s second richest man according to Forbes, increased his deemed interest in Perennial China Retail … Continue reading

On-line survey reports more than half all apartments empty in major cities


More than half the apartments in Beijing and Shanghai are empty, the China Daily reports, quoting an online investigation of 100 Chinese cities by news website Sina.com. Hainan rated over 70 percent empty, Beijing 66 percent and Shanghai 51 percent, based on counting the number of apartments with no lights at night time, on more … Continue reading

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