China has largest property investment market in the world

March 11, 2010 - China

China overtook the US as the world’s biggest property investment market last year and will probably keep the lead in 2010 on economic growth and a lower reliance on debt, it is claimed in a new report.

Real estate investment in China more than doubled to $156.2 billion last year, while the total for the US slumped 64% to $38.3 billion, the report from New York based broker Cushman & Wakefield says. Excluding residential investments, the US came third after China and the UK.

The report also shows that eight of the world’s 20 largest property markets last year were located in the Asia Pacific region, with Hong Kong, Taiwan and New Zealand registering gains in investment.

China Vanke's Property Sales Slip

March 08, 2010 - China

China Vanke Co.'s property sales fell in February for the first time in 11 months, after the government introduced measures aimed at cooling the real-estate market.

A slowdown in property sales was anticipated, as Beijing's measure to rein in speculative home purchases created uncertainty among home buyers. The measures followed government data showing property prices rose as much as 9.5% in January.

Seasonal factors likely also hurt February sales; the week-long Lunar New Year holiday was in February this year but fell in January last year.

Strong recovery for Asia real estate markets across all sectors

February 24, 2010 - China

Asian real estate investment markets posted a strong recovery in the second half of 2009 after witnessing a difficult start to the year, according to new data.

Investment turnover bottomed out in the first quarter but improved thereafter as confidence gradually returned, underpinned by the strong rebound in the equity markets, the persistence of low financing costs and a stabilizing trend in price levels across key markets, says the report from CB Richard Ellis.

Direct real estate investment in Asia jumped 56% year-on-year in the second half of 2009 to an estimated US$25 billion. However, overall transaction volume was still 22% lower in 2009 compared with the previous year, the Asia Investment Market View report for the second half of 2009 shows.

Capital Airlines to boost Hainan

February 10, 2010 - China

Days after Hainan Province received government designation for development as an international tourist destination, another agreement between an airliner and the Beijing government is expected to give it a lift.

Hainan Airlines Group (HNA Group) and the Beijing government Sunday signed a strategic cooperation agreement, and the two parties will jointly inject capital in HNA subsidiary Deer Air and rename it "Capital Airlines."

Deer Air was the first carrier to focus on business jet service. Its fleet includes 19 Airbus A319 jetliners and covers 80 commercial flight routes, according to its website.

China property boom continues

December 11, 2009 - China

The surge in China property prices picked up pace in November, after values rose at the fastest pace in 16 months, the government announced today.

China property prices in 70 medium and large cities increased 5.7% in November compare to the corresponding month last year, the largest hike since July 2008, according to data provided by the National Bureau of Statistics.

With growing concerns a property bubble is building up, the government is expected to try and rein in on rapidly rising values next year, to avoid another economic crisis.

China property prices to continue rising next year

November 17, 2009 - China

Residential property prices in China will continue rising in 2010, assisted by greater level of bank lending and stronger inflationary expectations, the government’s top think tank announced this morning.

In the last few months Chinese property values have recovered from the market slump late last year, with the average price of a home in the country’s 70 largest cities having appreciated 3.9% year-on-year in October, the fastest rate of property price growth since September 2008.

Second-Tier Chinese Cities Play Bigger Role in Influencing Real Estate Companies' Performance

October 21, 2009 - China

According to the "Sales Rankings of Chinese Real Estate Companies for Q3 2009" report released on October 9th by CRIC (China) Information Technology Co., Ltd., in cooperation with China Real Estate Appraisal and Shanghai E-house R&D Institute, the recovery of the real estate market in China during the first three quarters of 2009 enabled real estate developers in China to hit new highs.

2010 Hainan Rendez-Vous

September 15, 2009 - China

China Rendez-Vous Ltd. and Visun Group announced the launch of China’s first luxury lifestyle event combining private jets, yachts and megayachts, luxury real estate and lifestyle products in the amazing tropical environment of Hainan Island, the southernmost point in China.

The inaugural Hainan Rendez-Vous will be held on April 2nd - 4th, 2010 in Sanya, the city set to become the epicenter of the flamboyant Chinese Riviera.

Strong demand for property in China

August 04, 2009 - China

Demand for property in China is reportedly going through the roof, following the country’s decision to revoke the ban on overseas nationals buying property on the country’s mainland.

Consultancy firm, Landpower report that Hong Kong nationals bought between 11,000 and 12,000 residential units in the mainland in the first half of 2009, up 23% from the same period last year.

Booming residential prices in China has led to calls for banks to curb mortgage lending.

China Developing Its Own Real Estate Bubble

July 12, 2009 - China

According to The China Daily, “Real estate sales up, prices soar,” in China’s real estate market.

On Monday, for instance, a land parcel along Beijing's Guangqu Road was auctioned off for more than 4 billion yuan ($585 million) after fierce bidding among major developers from the mainland and Hong Kong.

The price set a record for a single land parcel in Beijing.