The company plans to seek out acquisitions in a broader number of Chinese regional markets, "with the aim of providing significant upside through the inherent growth created by the government's overwhelming commitment to infrastructure".
CREO is 16.5pc-owned by London-listed Real Estate Opportunities (REO), which, in turn, is 58pc controlled by developers Johnny Ronan and Richard Barrett's Treasury Holdings.
Mr Ronan owns a further 12.4pc stake in CREO, while Richard Barrett, who has been based in Shanghai for over two years, holds an additional 6.9pc.
Sunday, March 30, 2008
Monday, March 24, 2008
A need for real estate authors from China
Hi, from Tam Tree, hope you like the China real estate news blog.
I need real estate authors from china to help me coverage the areas of Macau, Shanghai and Tibet
Please send email if you like to participated. Thanks !
tamtree@gmail.com
I need real estate authors from china to help me coverage the areas of Macau, Shanghai and Tibet
Please send email if you like to participated. Thanks !
tamtree@gmail.com
Wednesday, March 19, 2008
Shanghai housing market to stay weak
BEIJING, March 19 -- A seemingly unyielding "wait-and-see" approach among potential home buyers might depress the local housing market for a bit longer, industry insiders said yesterday.
"The market is still rather weak, and it might not be able to regain its strength as quickly as we had seen in previous years," Xue Jianxiong, head of research at Shanghai Youwin Real Estate Information Services, told Shanghai Daily. "Usually March is the month when transaction volume would begin to pick up quite significantly after the traditional slack January and February when Spring Festival usually falls."
"The market is still rather weak, and it might not be able to regain its strength as quickly as we had seen in previous years," Xue Jianxiong, head of research at Shanghai Youwin Real Estate Information Services, told Shanghai Daily. "Usually March is the month when transaction volume would begin to pick up quite significantly after the traditional slack January and February when Spring Festival usually falls."
Sunday, March 16, 2008
Real estate most profitable industry in China
According to data released by the National Bureau of Statistics, average property prices in China's 70 major cities last year swelled 7.6 percent year-on-year. House rentals rose by 2.6 percent. The statistics also showed that property investment in these cities totaled 2.528 trillion yuan (US$356.06 billion), up 30.2 percent year-on-year.
As a result, there are more billionaires in real estate than any other industries, and property tycoons become the darlings of major fortune rankings. Although housing prices seemed to ease a bit following the adoption of a series of tightening measures since the end of last year, huge industry profits are far from waning.
As a result, there are more billionaires in real estate than any other industries, and property tycoons become the darlings of major fortune rankings. Although housing prices seemed to ease a bit following the adoption of a series of tightening measures since the end of last year, huge industry profits are far from waning.
Wednesday, March 12, 2008
Institutional investors target Chinese real estate
LONDON (MarketWatch) A significant portion of institutional investors expect to increase their exposure to real estate in the next few years, with China among the most popular markets following a slowdown in other regions, according to the findings of a survey.
Around 41% of the investors surveyed expect to increase their asset allocation to real estate, making it the alternative asset class in which investors are most likely to ramp up exposure, the survey by PricewaterhouseCoopers found.
John Forbes, U.K. real estate leader at the audit and advisory firm, said longer-term investors are looking to invest in emerging markets, and particularly China, where they believe changing demographics could drive up the market.
Around 41% of the investors surveyed expect to increase their asset allocation to real estate, making it the alternative asset class in which investors are most likely to ramp up exposure, the survey by PricewaterhouseCoopers found.
John Forbes, U.K. real estate leader at the audit and advisory firm, said longer-term investors are looking to invest in emerging markets, and particularly China, where they believe changing demographics could drive up the market.
Saturday, March 8, 2008
Chinese Internet Portals Tap into Online Real Estate
SINA announced on February 25, 2008 that it would spin off its real estate and home decoration channels to set up a joint venture with real estate service provider E-House (China) Holdings Limited.
Under the agreement between SINA and E-House China, the coming venture will operate SINA's real estate and home decoration channels and will team up with E-House China to explore new revenue modes.
Under the agreement between SINA and E-House China, the coming venture will operate SINA's real estate and home decoration channels and will team up with E-House China to explore new revenue modes.
Wednesday, March 5, 2008
China property market to recover soon
China's flagging real estate market could soon recover, after shaking out the least competitive firms, the owner of prominent real estate firm Shimao Property Holdings Ltd (0813.HK: Quote, Profile, Research) said on Monday.
Government austerity measures aimed at cooling the sector have caused prices in some cities to falter, especially those that previously saw heavy speculation.
The market should return to normal soon, buoyed by market demand and policy adjustments, said Xu Rongmao, China's third-richest person. He did not elaborate on the policies.
Government austerity measures aimed at cooling the sector have caused prices in some cities to falter, especially those that previously saw heavy speculation.
The market should return to normal soon, buoyed by market demand and policy adjustments, said Xu Rongmao, China's third-richest person. He did not elaborate on the policies.
Sunday, March 2, 2008
Join Forces to Build the Largest Real Estate Portal in China
SINA's real estate channel ( http://www.house.sina.com.cn ) and home decoration channel have for years been the websites of choice for many Internet users in China to obtain information on property sale and lease listings as well as home improvement and home furnishing.
E-House's proprietary CRIC database system contains detailed information and transaction data on China's real estate sector including land and residential, office and commercial buildings in 30 major cities in China. The CRIC database system currently has a customer base of over 5,000 real estate developers in China.
E-House's proprietary CRIC database system contains detailed information and transaction data on China's real estate sector including land and residential, office and commercial buildings in 30 major cities in China. The CRIC database system currently has a customer base of over 5,000 real estate developers in China.
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