China will be a pioneer in real estate technology

Rapidly emerging technology and the Internet industry shape the real estate business, and industry experts said it would be a pioneer in China’s real estate technology. Albert Ovidi, the general manager of the leading professional real estate services company JLL Asia Pacific, said at the China Proptech Forum and Exhibition in Beijing that the real …

Airbnb steps into China

Airbnb is taking a big step into China, hoping to put a flag on the country’s new home share market. Unlike some of its competitors, Airbnb established its own operation in China instead of partnering with a local company. The home-sharing giant now has 300 employees in the country and is co-founder Nate Blecharczyk. There …

Second-hand real estate sales rise in China

In the cities like Beijing, Shanghai and Shenzhen, the growth of second-hand housing sales recorded. Second-hand home sales increased 26 percent in March. The Chinese real estate market began to recover in March. According to the Marcha Property Agency’s March data, 16.051 second-hand homes in Beijing, China, changed hands by 43.9% compared to a year …

IHG to expand in China

The IHG hotel brand continues to grow in China every day. According to analysts at Longing Econometrics, the brand’s number of hotels in China has been booming. Longing Econometrics has published a data on IHG’s hotel presence in China. The number of hotel brands in the country respectively increased by 17 percent and 10 percent. …

Property investments in China will be similar to 2018

According to published data, overseas property investments in China will be similar to 2018 this year. Due to financing conditions in China last year, property investment volumes fell by 63 percent. According to the survey published by Cushman & Wakefield, the rates of finer investment in this year will remain the same in China. According …

High level of property investment in China

The growth of property investment in China rose to the highest level in 5 years with the effect of small cities. Recent surveys have revealed that property investment rates have increased in China. Despite the decline in sales in China, government bonds in larger markets and a wider economic slowdown, property investment rates have increased. …

China has 58 percent of world real estate billionaires

A research has revealed that China has the most real estate billionaires in the world, leaving behind the United States. According to the Hurun Global Real Estate Rich List, published on Thursday, 139 out of 263 real estate billionaires living in the world live in China. China holds 58 percent of the world’s percentage. Hong …

China’s foreign investments fall in 2018

Among the Asian countries, China was the country with the highest decreasing foreign investment in the last year. The share of Chinese real estate investments in Asia fell almost 80 percent. According to CBRE Group, real estate investment advisor, China’s foreign investment in Asian countries decreased by a percentage. Many Chinese investors sold their property …

Zhangyuan neighborhood of China to be rebuilt

China’s Zhangyuan district will be rebuilt to reach more liveable conditions. The area close to Weihai Road and Wujiang Roads hosts approximately 1,200 families with common kitchens and toilets, cracked walls and that live in rather old buildings. The 170 buildings in the area that are about to be demolished will be restored. However, the …

Kuwait will invest $ 10 billion in China

The Gulf state discusses the creation of a Kuwaiti-Chinese Silk Road Fund to invest in Kuwait-Silk Road and Kuwaiti projects on the development of the islands. Kuwait reported plans to create a $ 10 billion fund with China to invest in two countries. He said that the Gulf State was discussing the creation of a …