Archive for the ‘China Property’ Category
by OP-Mall on Monday, October 20th, 2008 in Shanghai Property
Lewis Hamilton @ Shanghai GP [Credits: Emilgh]
With the world seemingly against him, Lewis Hamilton proved them all wrong and raced to a fantastic win in Shanghai’s Formula 1 on Sunday. He was labeled arrogant by the press and some of his rival drivers even pledged to help his title rivals in order to pay him a lesson, but regardless of all the talk and chatter, the Brit is now in a sweet position to become the youngest world champion ever if he manages to finish in the top five on Nov. 2nd in Brazil’s end of season race.
by OP-Mall on Friday, October 17th, 2008 in China Property
Beijing [credits: Wawoe]
China’s property market has taken a steep turn for the worse if we are to believe the various reports that are beginning to surface in major online publications right now.
The signs of trouble are not a total shock to the system of any alert investor, as many would have been aware of the implications when China started to ban major development projects at the beginning of this year due to heavy pollution in the city of Beijing. This ban didn’t happen overnight though, it was advertised in due time to give developers ample time to prepare themselves for the change.
by OP-Mall on Tuesday, September 30th, 2008 in Brazil Property, China Property, Indian Property, Russia Property
São Paulo Skyline
The term BRIC originated back in 2003 and was coined by Goldman Sachs economist Jim O’Neill. It was O’Neill’s opinion that since the US economy took a nose dive it allowed the BRIC countries Brazil, Russia, India and China to take a bigger slice of the world’s gross domestic product.
We would be taking a quick peek into the property markets of these four countries, to gain a better overview of what exactly is going on.
by Overseas Property Mall on Thursday, September 4th, 2008 in China Property, Shanghai Property
The fourth quarter of 2007 saw the end of Beijing and Shanghai’s housing boom. As transaction volumes plummeted by as much as 25 and 40 percent from July to August 2008 and by 67 and 70 percent year on year in Beijing and Shanghai respectively, developers’ are having to offer buyers’ massive discounts to boost sales of new units. According to CCTV, last month’s (August), average daily turnover in Beijing was a meagre 150 units which in Beijing standards is a new all time low.
Secondhand properties are also not doing well with a year-on-year decline of 10-15 percent in August, sellers have having to make price cuts by as much as 5 percent.
The situation at the moment is that it is a buyers’ market in housing in 1st tier Chinese cities with more and more potential buyers waiting to see if there would be further price drops to pick up properties at bargain prices.
by OP-Mall on Monday, July 28th, 2008 in Buying Property, China Property, Guides and Tips
China’s property laws are not easy to see through if you have never been there or are not familiar with local laws and customs. On our journey through the online world of information we came across many contradicting messages and while trying to sort through all the stuff we came up with the following information. To stay true to all the sources we have quoted many and hope the result is a somewhat informative guide to buying real estate in China.
According to a recent report by WorldBank, 120 cities and regions within China have been surveyed for their overall investment climate.
Taken into account were differences in the importance of state-owned enterprises (SOEs) in local industries, over staffing of labor, firm access to bank loans, confidence in protection of property and contract rights and overall adequacy of local transport and power.
by OP-Mall on Tuesday, July 15th, 2008 in Beijing Property, China Property
The Iconic Bird’s Nest Stadium in Beijing
Beijing’s property market has been ogled by investors for some time now. In the rush to build new infrastructure to compensate for the millions of visitors to the Olympic Games, many bought into the boom in the hopes of making a nice profit. But when China’s real estate market started to heat up a few years ago, Beijing tightened the rules. Suddenly it wasn’t as easy for foreigners to buy property anymore, especially if they lived overseas. While the new rule makes it a little harder for foreigners to invest in Chinese property, it isn’t all doom and gloom. Although a lot has been said and written about the Chinese property market, many investors are disheartened by the confusion of information in the market.
by OP-Mall on Saturday, April 12th, 2008 in Beijing Property, China Property, Hong Kong Property
The once richest lady in China’s “Babylon” has lost half of her fortune due to recent cracks in the Chinese property market. The 27 year old, once worth an estimated $17.5 billion has lost around half of her worth since taking her company public about one year ago.
Yang Huiyan is one out of 80% of people in China who top the richest people list, having managed to acquire a fortune with real estate investments. She is the major shareholder of Country Garden, a high end residential developer. The worst affected listings are those in the big cities of southern China, namely Shenzhen. Once a hot property market, the price of flats have fallen by 28% since October 2007.
Beijing on the other hand shows a somewhat level playing field with leveled prices but a lower rate of appreciation altogether.
by Overseas Property Mall on Thursday, March 13th, 2008 in China Property, Internet Marketing
With a strong and very optimistic outlook in China’s domestic real estate market, leading Chinese webites SINA Corp & Baidu.com have each announced a move into real estate web marketing.
Sina
China’s larget web portal, SINA is to embark on a joint venture with real estate service provider, E-House (China) Holdings Limited in a bid to launch a range of real estate and home decoration web channels. The JV would involve E-House China providing proprietary real estate content ranging from its property database & analysis system to its Chinese Real Estate Information Circle system (which contains transaction data on land, residences, offices, as well as commercial buildings in 30 major Chinese cities).
by Overseas Property Mall on Monday, February 25th, 2008 in China Property
Shenzen, China
After several years of unchecked growth, Chinese developers have run into the global credit crunch. Combined with a desire by the Chinese authorities to slow things down a little, shares in many of China’s largest listed property developers have fallen more than 50 per cent from their highs of last year in the face of investor fears that some developers might be forced into bankruptcy. The authorities have taken unusually strong measures to limit credit growth and have promised to introduce a tough new policy to reduce developers’ holdings of un built land.
by Overseas Property Mall on Monday, February 4th, 2008 in China Property, Overseas Property Finance, Shanghai Property
Shanghai’s real estate market is anticipated to slow down drastically in 2008, becoming more vulnerable to government policy shifts and attract less investment. This is according to several of the larger real estate analysts.
According to a Jones Lang LaSalle report released recently, after the government implemented the land appreciation tax and imposed additional restrictions on foreign investment in the sector, real estate investment saw a slowdown in the fourth quarter of 2007 and there was only one sizable sale completed in the city.
