HONG KONG – Hong Kong’s richest person has just reached one of the world’s largest-ever property deals, and it involves the Communist Party of China. Continue Reading Below Billionaire Li Ka-shing’s CK Asset Holdings Ltd.…
Tagged By property
Not until 2020 – comments by Musk on Tesla’s Shanghai factory hit suppliers’ and property stocks
Shares in Tesla suppliers and a Shanghai real estate developer plunged on Thursday, following comments by Tesla chief executive Elon Musk that the electric car maker would not open a widely anticipated factory and make…
Property agents under pressure as tech giants Alibaba and JD.com muscle in on home-buying and rental markets
“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,…
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…
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