“They [Alibaba and JD.com] are certainly a threat,” said Andy Lee Yiu-chi, chief executive of Centaline Property Agency for southern China. “Internet companies are penetrating every aspect of the business; it is an inevitable trend,…
Tagged By property
China’s property market is the quickest place on the planet to get rich
Nowhere on Earth is wealth being created faster than in China’s mainland property market. The collective net worth of the country’s richest developers has rocketed since the start of the year, adding US$44.3 billion to…
Rise of real estate tycoons: Billionaires keep bubbling up in China’s soaring property market
HONG KONG/SHANGHAI — Nowhere on Earth is wealth being created faster than in China’s mainland property market. The collective net worth of the country’s richest developers has rocketed upward since the start of the year,…
Billionaires Keep Bubbling Up as China Property Market Soars
Nowhere on Earth is wealth being created faster than in China’s mainland property market. The collective net worth of the country’s richest developers has rocketed since the start of the year, adding $44.3 billion to…
Billionaires Keep Bubbling Up in China’s Soaring Property Market
Nowhere on Earth is wealth being created faster than in China’s mainland property market. The collective net worth of the country’s richest developers has rocketed upward since the start of the year, adding $44.3 billion…
As China’s home prices cool, some property companies seek to reduce risks
HONG KONG (Reuters) – As the froth comes off China’s home prices, there are increasing signs that some property developers, particularly those with a heavy debt load, are becoming less aggressive. They are reducing balance…
JD.com follows Alibaba into China’s property market with dedicated online channel
China’s property market has become the latest battlefield for its top two e-commerce titans, as JD.com follows Alibaba Group’s foray into online property. It aims to leverage technology and an understanding of consumers to not…
China to change property price methodology
China has revealed plans to tweak its methodology for calculating its home price index as the current system has met new challenges and difficulties, reported Reuters. The move comes as China looks to “better facilitate…
China property prices grow at slowest pace in 17 months
The cost of new housing in China rose at the slowest rate in 17 months in September as official figures showed price growth slowing markedly in top-tier cities, with prices in Beijing up just half…
China to tweak property price methodology to address ‘challenges’
Beijing: China will make changes to the methodology for calculating its housing price index as the current system has encountered “new challenges”, the Statistics Bureau said on Wednesday. Li Xiaochao, deputy director at the National…
China third-quarter GDP growth slows as expected, property measures bite
BEIJING (Reuters) – China’s economic growth slowed slightly as expected in the third quarter as the government’s efforts to rein in the property market and debt risks tempered activity in the world’s second-largest economy. The…
A paean for property speculators and why the market needs them to function properly
Take a look at the chart, Mr President. It represents your administration’s thinking on interest rates and it tells you why you have speculators. Now look in the mirror and it will tell you who…
China to tweak property price methodology to address ‘new challenges’
BEIJING (Reuters) – China will make changes to the methodology for calculating its housing price index as the current system has encountered “new challenges”, the Statistics Bureau said on Wednesday. Li Xiaochao, deputy director at…
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