James Packer’s Macau investment starts to pay off

James Packer’s Crown Resorts will earn a return on its investment in Macau for the first time, after its joint venture casino operator in the region, Melco Crown, said it would begin to pay a regular dividend. After its fourth quarter results for 2013, in which net income doubled to $US223.2 million, Melco said it […]

Packer: ‘I’ve got more money in China than at home’

The fortunes of James Packer are inextricably linked to the growth of China, as the Australian casino mogul says the success of his Macau joint venture means he has more wealth tied up in the Asian economy than his home country. In an interview with Forbes Asia to mark the magazine’s list of the richest […]

Armani jumps into China’s high-end realty market

Italian luxury goods brand Armani recently announced plans to design a high-end apartment project in Chinese city Chengdu. The move marks Armani’s interior design arm Armani/Casa’s entry into China’s bourgeoning luxury property market and the project is expected to be the first of its kind in the country. Situated in the heart of the Sichuan province […]

Shanghai property prices set to keep rising, latest analysis suggests

Luxury properties in sought after areas of Shanghai remain in demand despite the introduction of new taxes and other cooling measures, the latest report on the Chinese city’s residential market shows. According to the report from Knight Frank the average transaction price will continue to grow, boosted by the launch of new projects, but there […]

The Big Are Getting Bigger As China’s Real Estate Industry Recovers

What a difference a year makes. Longtime China Rich List members sank in 2012 as government efforts to break residential real estate prices hurt demand and profit. This year, eager to undergird economic growth, authorities aren’t responding so nervously to rising prices, and that is showing up in the expanding fortunes of big real estate […]

FORBES ASIA: CHINA’S RICHEST IN REAL ESTATE

Wang Jianlin Dalian Wanda Group Chairman Wang Jianlin, long one of the most powerful forces in China’s real estate industry, takes over the top spot on the Forbes China Rich List for the first time amid a rebound in property prices in China and a big push into the entertainment industry at home and abroad. […]

Dior to McDonald’s in Macau Casinos Help Adelson Pass Ho

As Judy Huang’s husband prepared to hit Macau’s gaming tables, the 33-year-old mother from mainland China was more drawn to the Venetian resort’s shopping plaza, home to a fake grand canal, crooning gondoliers and brands from McDonald’s to Dior. “The mall is important” for visitors with children, Huang said while preparing to board a ferry to Macau […]

Weekly market round up

 Malaysia The local government in Johor will impose a new property tax on some 130,000 foreigners owning properties in the state, local news papers have reported. State chief Mohamed Khaled Nordin said he believed most locals will be in agreement with the new policy, which is done to increase state returns. The new tax rates […]

Moelis entices wealthy Chinese investors with $500m fund

Investment bank Moelis & Co has lured a handful of wealthy Chinese industrialists into its recently established $500 million property fund as the first wave of significant investor visa applicants take advantage of the government’s cash for residency scheme. According to the advisory firm’s joint managing director in Australia, Andrew Martin, the business is likely […]

LPS Beijing To Return As China’s Premier Luxury Property Show

The fifth consecutive edition of LPS Beijing – The Luxury Properties Showcase will be held on May 31-June 2 in the glamorous five-star Legendale Beijing(www.lps-china.com) Sponsored by Lamborghini, Beneteau Yachts and Dassault-Falcon, and supported by PropGoLuxury.com, LPS Beijing 2013 will welcome a record 80 exhibitors from 25 countries. Over 5,000 highly targeted VIP buyers are expected to visit the Show, which […]

231 Elizabeth Street sold for $201 million to Chinese investor

Chinese investor Bright Ruby is scooping up 231 Elizabeth Street in Sydney’s CBD for an agreed $201 million. This will be the largest single property deal for the city so far this year. The purchase of the office building marks the Singapore group’s second major real estate acquisition in the last few months. 231 Elizabeth […]

China Tightens Mortgage Rules as Home Prices Keep Rising

China called for higher down payments and interest rates for second-home mortgages in cities with “excessively fast” price gains and ordered stricter enforcement of taxes on sales as authorities step up a three- year campaign to cool the property market. The People’s Bank of China’s regional branches may implement the measures in accordance with the price-control targets of local […]

Mapletree Seeks About $1.3 Billion From REIT Offering

Mapletree Investments Pte, a real estate unit of Temasek Holdings Pte, is seeking to raise as much as S$1.6 billion ($1.3 billion) from an initial public offering of a real estate investment trust backed by assets in Hong Kong and China. Mapletree Greater China Commercial Trust plans to offer about 1.7 billion shares in the REIT […]

China’s New Home Prices Advance for Ninth Month, SouFun Says

China’s new home prices rose for a ninth month in February, adding to concerns that the government may issue new property tightening policies. Prices climbed 0.8 percent to 9,893 yuan ($1,590) per square meter (10.76 square feet) from January, SouFun Holdings Ltd. (SFUN), the country’s biggest real estate website owner, said in a statement today after a survey […]

H.K. Weekend Property Sales Fall on Doubled Stamp Duty

Residential property sales in Hong Kong fell after sales tax was doubled on property costing more than HK$2 million ($258,000), according to Midland Holdings Ltd., the city’s biggest publicly traded realtor. Secondary sales for the 15 most popular housing estates fell 15 percent this weekend from the previous weekend, according to Buggle Lau, Midland’s chief analyst. Hong Kong’s government […]

Demand for property remains steady in Beijing

After demand for luxury apartments reached its lowest point in 2Q12, buyers made a steady return to Beijing’s property market, according to the latest figures released by Jones Lang LaSalle. Transaction volume in the first three quarters of 2012 was near to the total transaction volume for the whole of 2011. Sentiment in the residential […]

Overview – China News

China Daily Beijing’s air pollution crisis continues after being immersed in dangerous smog for thee days. The city initiated emergency procedures in an effort to curb air pollution now classified as hazardous. China’s retail sales are expected to grow to 15 per cent this year from 14.3 per cent in 2012 thanks to government efforts […]

In 2012 Chinese billionaires lost a third of wealth

  Robin Li, CEO of Baidu search engine Chinese billionaires have lost one-third of their combined wealth over the past year, according to new research, reported CBNC. The latest annual World Ultra Health Report 2012-2013 by wealth research firm Wealth-X revealed that Chinese billionaires lost value equivalent to US$160 billion from the period August 2011 to […]

World Cities Review 2012

The fourth edition of Savills World Cities Review takes a closer look at ten world class players in the global property market. Where does your city rank? Read the World Cities global research report and discover which ten cities are shaping global real estate. Read exclusive comparisons of the mainstream and leisure property prices between ten cities across the world. Discover the […]

Chinese leadership change to drive land sales

Chinese developers are betting on a relaxation of property restrictions after the country’s new leaders take power next month, driving a surge in land sales and raising hopes of an economic recovery in the middle of next year. Some $US20 billion worth of land was sold by local governments across 10 major cities in the […]

Local architects build a global reputation

A strong Australian presence was felt at the World Architecture Festival in Singapore last week, with local firms shortlisted in 24 of the 33 categories. There were 50 Australian-designed projects considered for 301 prizes, the most successful being Hassell, which took home three first places. Winning prizes in the “future projections” section, Hassell was the […]

Food needs drive Chinese overseas

If there was any doubt that China is desperate for agricultural assets, it has been dispelled by the news that China Investment Corp with its $US190 billion war chest is on the hunt all the way down to chilly Tasmania in search of fresh milk. If anything can describe the pressure the Chinese are under […]