According to Chinese Academy of Social Sciences (CASS), 85 percent of Chinese families can not afford housing expenditure, and house prices are much higher than their incomes […]
Tag: real estate
Tomson Group has built a top luxurious housing block in Pudong, Shanghai. Tomson cooperated with Versace Home to built a luxurious show house of more than 900 square meters, with the name “Versace Home at Tomson Riviera” […]
After a courtship of about 20 years, the Walt Disney Company has won approval from the central government of China to build a Disneyland-style theme park in Shanghai, Robert A. Iger, Disney’s chief executive, said recently […]
Shanghai’s Luwan District will renovate a zone containing historic buildings into a luxury office and commercial area, district officials said recently: the zone, consisting of more than 50 protected villas, mostly built in the 1920s and 1930s, has relocated all its residents, after 10 years of effort […]
6 in every 10,000 people in China have a personal wealth of more than 10 million yuan ( nearly 1.5 million US dollars), shows the recently issued “Hurun Wealth Report 2009”. After the report came out, it immediately raised a lot of doubts among netizens: “Have Chinese people really become so rich?” […]
Looks like some people are still profiting despite the real estate slump: Shanghai’s Sheshan Shimao Country Club has allegedly sold two villas that set new records as the most expensive personal residences in China.
Money is moving in a new direction in China — out: Some Chinese are so eager to turn their yuan into other assets that when an online real estate brokerage organized a tour of foreclosure auctions in the United States, it received so many applications that it had to turn away nearly 400 people. In Shanghai, cash-rich Chinese companies are buying high-yield bonds issued by distressed American companies at a time when most investors are steering clear of bonds even from solid companies […]
A recent survey by ECA International, a London-based human resources consultant, ranked Beijing as the 31st most expensive city for expatriates in the world, surpassing Hong Kong to become the most expensive city in China […]
A total of 281,000 jobs were created in Shanghai in the second quarter of 2008, while the number of job hunters reached 299,000, a report released recently shows. The jobs were provided by 22,000 companies, according to the analysis of the city’s human resources by the Shanghai Labor and Social Security Bureau. Compared with the same period last year, job supply has increased 20.7 percent, the report said…
The increase in China’s retail sales volume exceeded 20 percent year on year in the last eight months and is still accelerating, enough to sustain economic growth above 9.5 percent for the rest of the year, a HSBC report said. According to the report ‘China Economic Spotlight‘ released on recently, consumer spending has performed strongly despite the slowing economy, the disastrous earthquake and the cancellation of the May Day golden week…