UBS to inject US$1.4 bln into Chinese property

UBS, one of the largest global asset managers, plans to launch a fund that will bring approximately US$1 billion into China's real estate market, in line with its marketing strategies in Asia, according to sources.

On fears of the ailing European and U.S. real estate markets, the move indicates the Swiss bank’s great interest in Asian operations.

"The focus is on residential, and we are hoping to launch a vehicle, and we are working on details," said Mr Chen Lijian, head of China real estate for UBS Global Asset Management, adding that the company is now targeting US$300 million in capital overseas, with leverage, to bring about US$1 billion of buying power.

China real estate tycoons to visit Taiwan for fact finding

Phoenix Satellite Television chairman Liu Changle will lead a group of China real estate tycoons to Taiwan for a fact-finding mission on commercial property starting Monday, the Economic Daily News reported, citing unnamed sources in Beijing.

SOHO China Ltd chairman Pan Shiyi, Country Garden Holdings Co Ltd chairman Yeung Kwok Keung and other real estate leaders from the mainland will spend about a week on the island, the report said.

China's real estate cools off on government intervention

China's over-heated real estate market shows visible cool-off signals in land acquisition deals in major Chinese cities over the recent two months, as the central government's tightened credit control policy and tough anti-land hoarding stance began to take effect. Many land plots in the major cities such as Shanghai, Beijing, Guangzhou, Nanjing, Hangzhou

Further Changes In China´s Real Estate Regulations

Article 42 of the Property Rights Law allows for the expropriation of private property in the public interest in accordance with the authorization, and following procedures "provided by law." The Regulations for Administration of the Removal of Urban Houses,enacted by the State Council in 2001, previously governed expropriation, but these were made unenforceable upon implementation of the Property Rights Law. Accordingly, there are currently no laws detailing what authority is required and what procedures are to be followed for the expropriation of private property.

Kardan to Invest Up to $1.2 Billion in China

Kardan NV, the Dutch-Israeli investor in real-estate and finance companies, plans to invest as much as 800 million euros ($1.2 billion) to develop housing and commercial centers in China and India.

We see enormous demand in these markets,'' Alain Ickovics, chairman of the management board, said in an interview at Kardan's Tel Aviv headquarters. ``Go to China, go to India, and see what their needs are.'' Kardan currently has six real-estate developments in China and one in India.

Shanghai's real estate market

Shanghai's real estate market ended last year with strong growth in all sectors and the trend is expected to continue this year.

Strong domestic demand and continued interest from overseas investors, however, will augur well for the city's market, a recently released market research by property experts Savills has found.

Kardan expands Chinese real estate project

The group adds an additional 90,035 square metres of land and approximately 252,000 square metres of building rights to the project announced mid January, when Kardan said it would develop its sixth real estate project in China after winning a tender to acquire 104,000 square metres of land for 18.4 mln eur.