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Evergrande buys another $1.5 billion worth of Shengjing Bank share.

Evergrande Buys Additional $1.5B Worth of Shengjjing Bank Shares

Apr 29, 2016 05:49 PM EDT

Property developer Evergrande Real Estate has agreed to buy an additional 10 billion yuan ($1.5 billion) worth of stakes in Shengjing Bank, the firm said during a filing at the Hong Kong Stock Exchange on Thursday.

Housing Market is the Biggest Cash Cow of Chinese Government

S Satapathy |

Apr 07, 2016 12:35 PM EDT

In China, real estate is responsible for 15 percent of the country's gross domestic product (GDP), 15 percent of fixed asset investment, 15 percent of urban employment, and 20 percent of all bank loans, according to the International Monetary Fund (IMF).

China implements tax reform, switches from business tax to value added taxes.

China to Apply VAT Program Across All Sectors

Charissa Echavez |

Mar 26, 2016 05:35 AM EDT

Financial and taxation authorities of China announced on Thursday that it will apply its value-added tax pilot program across all sectors to consolidate the fiscal and taxation reform in China.

Chinese owner of New York's Waldorf Astoria agreed to purchase US' Strategic Hotels & Resort Inc.

China's Anbang Insurance to Acquire Blackstone's Strategic Hotels & Resorts Inc. for $6.5 Billion

Charissa Echavez |

Mar 14, 2016 09:45 AM EDT

China's Anbang Insurance Group has proposed a deal to acquire Strategic Hotels & Resorts Inc. for $6.5 billion - just three months after the private firm Blackstone Group LP bought the luxury hotels for $4 billion.

Real estate market sees more profit than other sectors in the past 10 years, survey says

China's Real Estate Sector Raked in More Profits Than Other industries in Past Decade

Charissa Echavez |

Mar 08, 2016 03:56 PM EST

The real estate industry has generate more profits compared with other investment sectors in the past 10 years, according to the latest survey.

China's land use for real estate dropped in 2015

Land Supply for Real Estate in China Dropped in 2015

Charissa Echavez |

Feb 29, 2016 08:41 AM EST

Supply of government-owned construction land in China dropped last year, with land allocated for real estate development affected most, according to the Ministry of Land and Resources (MLR).

Chinese government to limit land available for new homes

China to Limit Release of Land for Residential Projects

Charissa Echavez |

Feb 22, 2016 06:08 AM EST

China will be limiting or stopping the releasing of land for residential housing projects particularly in regions were supply is glut. This is one of the moves that the Communist Party has announced to clear a property overhang weighing on the economy.

Chinese, Middle East investors are eyeing for London properties for its safe haven appeal

Chinese, Middle East Investors Dominate London Real Estate Market

Charissa Echavez |

Feb 21, 2016 07:22 AM EST

Investors from the Middle East and China are currently dominating the London residential real estate market, while investors from Russia are usually renting, according to a Knight Frank report.

Dalian Wanda Group has reportedly inked a deal with the Haryana government to build an industrial park

Wanda Group to Build $10 Billion Industrial Park in India

Charissa Echavez |

Jan 26, 2016 08:02 AM EST

Asia's richest man Wang Jianlin's Dalian Wanda Group has announced plans of investing in the construction of a $10 billion (Rs 67, 780 crore) industrial park in the northern part of India. This is expected to be the largest development project in the country.

Shenzen Passes Beijing, Shanghai as Most Expensive Real Estate Market in China

Michael A. Katz |

Jan 04, 2016 05:00 PM EST

Shenzen has overtaken Beijing and Shanghai as the most expensive real estate in the country.

In the photo: Asia's richest man Wang Jianlin with net worth amounting to US$32.7 billion

China's Richest Man Buys £80 Million London Mansion

Charissa Echavez |

Dec 21, 2015 09:18 AM EST

China's richest man Wang Jainlin has bought a luxury mansion in London worth £80 million ($119.3 million), according to reports from British media.

Missing Chinese Billionaire Guo Guangchang In Police Detention

Desiree Sison |

Dec 12, 2015 01:36 AM EST

Missing Chinese mogul Guo Guangchang has surfaced and confirmed he is being detained by the police for questioning

Planning to Buy, Sell, Rent a Property? Use China-based App WeChat

Charissa Echavez |

Nov 17, 2015 09:03 AM EST

Today, selling, renting and buying a property can be only a tap away. Just the thought of transacting multi-million valued properties via social media seems mind blowing, however, in China, this unconventional idea has been made possible thanks to the messaging app WeChat.

China's Two Biggest Property Developers Team Up to Buy Land at Home and Abroad

Camille Harthy |

May 14, 2015 01:17 PM EDT

Two of China's biggest property developers are teaming up for local and overseas projects.

Largest Year-to-Date Property Deal in London Closes Fetches £575 Million

Camille Harthy |

May 13, 2015 11:07 AM EDT

The £575 million sale of a London office building is now regarded as the biggest solo-property transaction in the city so far this year, Bloomberg News reported May 12.

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