Malaysia's Sunway Holdings Bhdis to undertake a resort-style development in Jiangyin with a potential gross development value of 473 million ringgit (145 million U.S. dollars), its first property venture in China, local media reported on Tuesday.
The project will be developed with the Shanghai Guang Hao Real Estate Development Group Co. Ltd through a joint venture called the Jiangyin Guang Hao Real Estate Development Co. Ltd.
Sunway, through the Hong Kong-incorporated Sunway Real Estate (China) Ltd, will own 65 percent, or 130 million shares, of the joint venture.
Wednesday, July 2, 2008
Wednesday, June 25, 2008
The numbers look good, but real estate is in trouble in China
A credit crunch, dwindling transactions and falling prices in some hot markets are adding up to trouble for the Chinese real estate industry.
Although official figures show investment in property rose 32 percent in the first four months from a year earlier, developers are worried as bank loans dry up and the cost of tapping other sources of funds rises.
Falling home sales are a particular threat to developers, who typically rely heavily on cash from the sale of unfinished projects to pay for operations and expand.
Although official figures show investment in property rose 32 percent in the first four months from a year earlier, developers are worried as bank loans dry up and the cost of tapping other sources of funds rises.
Falling home sales are a particular threat to developers, who typically rely heavily on cash from the sale of unfinished projects to pay for operations and expand.
Wednesday, June 11, 2008
Chinese home buyers learn to borrow
Home buyers in China used to pay the full price for a house upfront. But a new generation is following a pattern familiar one seen in the U.S. a few years ago -- they're borrowing more for real estate. Lisa Chow has more.
Tuesday, May 27, 2008
First English Real Estate Search Engine Launches in China
Jipingmi.com, the leading real estate search engine in China, officially launched an English version of the search yesterday. English.Jipingmi.com collects real estate property listings from a variety of English property listing sources and organizes
the results into one, easy to use, search platform.
Since the launch of Jipingmi.com (Mandarin for "How many square
meters?" or "A few square meters") in late 2007, Jipingmi.com has rapidly
emerged to be amongst the top players in the Chinese real estate search
engine market. Jipingmi.com now aims to open the platform to international
users.
Jipingmi Co-founder and VP Strategic Development, Alex Farfurnik said
English.Jipingmi.com will organize the foreign real estate market in China.
the results into one, easy to use, search platform.
Since the launch of Jipingmi.com (Mandarin for "How many square
meters?" or "A few square meters") in late 2007, Jipingmi.com has rapidly
emerged to be amongst the top players in the Chinese real estate search
engine market. Jipingmi.com now aims to open the platform to international
users.
Jipingmi Co-founder and VP Strategic Development, Alex Farfurnik said
English.Jipingmi.com will organize the foreign real estate market in China.
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