Company Overview and News
In July, the government identified 12 cities that have seen net population inflows, including the southern metropolis of Shenzhen, Beijing and Shanghai, making those cities great places to be a tenant, with subsidies offered galore (84-0)
Construction activity in the district is proceeding at a frantic pace – especially in the Kai Tak development area, which has become a hot spot for residential properties
Hong Kong budget hotels in non-core areas are keen to join other investors to convert their underperforming properties into co-living spaces, as it provides a cheaper alternative for millennials priced out of the world’s most expensive housing market.
Yuppies with the taste for communal living in Beijing are being spoiled for choice as an increasing number of private firms move into this latest strand of residential leasing, thanks to backing from the government.
Following Mofang and Ziroom’s successful issuance of Asset Backed Securities (ABS), China Young Professional Apartments (CYPA) and Poly Real Estate (Poly China) have now been given the green light to launch quasi-Real Estate Investment Trusts (REITs). Property developers, such as China Vanke, CIFI Holdings (Group), Longfor Properties and Landsea Green Properties, Poly China has entered the business of long-term rental spaces.
Reits are popular with investors in developed markets like the US, but legal and regulatory hurdles are preventing the launch of these products in China
The 2017 Hurun Report shows 49 Chinese women are on the global list of self-made billionaires, making up 63 per cent of the worldwide total.
Harbour’s target is to create 20,000 rentable co-living units in eight Chinese cities including by the end of 2017, to quadruple that number to 80,000 by 2019, and hit the million market with a possible float of Harbour within five years
51 companies recorded 314 purchases by directors worth HK$480 million, while seven firms reported 24 disposals worth HK$400 million. (3-0)
Higher salaries and house prices will encourage spending on luxury goods as malls offer customers an experience they can’t find online
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BEIJING, July 26, 2017 /PRNewswire/ -- On July 26, 2017 Beijing time, Liulishuo, China's leading AI + Education company, announced they have closed an approximately $100 million Series C funding at a press conference in Beijing. This new round of funding was led by China Media Capital ("CMC") and Wu Capital. All of Liulishuo's earlier investors, including Trustbridge Partners, IDG Capital, GGV Capital, Cherubic Ventures and Hearst Ventures, also participated in this round.
Homebuilders say they are baffled by the ‘arbitrary’ way the regulator is deciding which offshore bond sale applications to approve
Mainland markets closed for the Dragon Boat Festival. Hong Kong follows suit Tuesday, but closes Monday up 0.2 pc to 25,701.63
HONG KONG: Henderson Land Development, the property company owned by one of Hong Kong's wealthiest families, has bought the world's most expensive commercial land plot in downtown Central, beating out the mainland Chinese developers who had been dominating the city's real estate purchases in the past year.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton