…hoppers were milling about the newly opened Marks & Spencer Plc department store on Huaihai Road in Shanghai. Wearing loose-fitting shirts and drowsy, listless looks, the shoppers, mostly middle-aged women, were outnumbered by the shop assistants inside. Rather than peruse the clothes and accessories put carefully on display, most of them appeared to have entered the store to bask in free air conditioning. China Real Estate Stock Rally Starts to W…
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Hong Kong rents rivalling 5th Avenue chase retailers away – and more of Today’s China Real Estate Links | July 26, 2012
…out to the cheaper suburbs. Swedish fashion chain Hennes & Mauritz’s first store in Asia was a 30,000 sq ft (2,800 Sq m) flagship in Central, the heart of Hong Kong. But with the lease up for renewal and the rent set to double, the world’s second-largest clothing retailer wil l close the location next year and seek new store space elsewhere. China’s local property markets under scrutiny The State Council said on Tuesday that it will send eight tea…
Seven-level mall to become Taubman’s first retail development in China – and more of Today’s China Real Estate Links | August 31, 2012
…ry has formed a joint venture with one of the country’s leading department store chains to be a co-owner and manager of a large mall in the heavily populated area of Xi’an, China.The project with Beijing Wangfujing Department Store (Group) Co. Ltd. marks the first Chinese retail development by Taubman TCBL, a subsidiary of Hong Kong-based Taubman Asia, since the company’s formation late last year. Realty market attracting less foreign investment W…
China on track to hit ambitious public housing target – and more of Today’s China Real Estate Links | September 12, 2012
…China Swedish luxury clothing brand J.Lindeberg opened its first flagship store in Shanghai on September 6, reported the Chinese-language Fashion Trend Digest online magazine Friday. The flagship boutique, located in Shanghai’s Grand Gateway Plaza, will retail menswear and selected apparel from the Golf collection. Wealthy Chinese Buying More Australian Real Estate Chinese property buyers have the potential to create top-end housing market moment…
China shows signs economic recovery taking shape – and more of Today’s China Real Estate Links | October 19, 2012
…bal crisis. Apple retail chief John Browett confirms future Shenzhen Apple Store In guiding a tour of Apple’s soon-to-open Wangfujing retail location, the company’s senior vice president of retail John Browett confirmed a fourth Chinese store is being built in Shenzhen, where Foxconn and other manufacturing partners operate fabrication plants. During Thursday’s small media preview, Browett described Apple’s commitment to the China, a developing ma…
Listed developers under pressure to cut inventories – and more of Today’s China Real Estate Links | October 31, 2012
…store in China as early as next year. The retailer, which operates 211 UK stores and has 263 franchised stores around the world, plans to double its franchise if its entry into China is successful, according to US business magazine Forbes. Poly Real Estate gains in Q3 Poly Real Estate, China’s second-largest property developer by market value, had a third-quarter net profit almost doubling the previous quarter due to a reviving housing market, it…
Chinese Group to Invest $1 Billion in California Mixed-Use Project – and more of Today’s China Real Estate Links | April 12, 2013
…n-year to reach 3.1 million sq m. The transaction prices of new homes rebounded to an average of 23,300 yuan ($3,762) per sq m in the first quarter, data released by international real estate service provider Savills China showed. Uniqlo to open its largest flagship store in Shanghai Casual clothing chain Uniqlo Co. announced plans April 10 to open in autumn its largest flagship store, featuring about 6,600 square meters of floor space on a commer…
Microsoft to Lead Retail Expansion with New Stores in China – and more of Today’s China Real Estate Links | July 23, 2013
…tor Retail Operations International who’ll be responsible for all Physical Store Operations. This is a key role on the leadership team and will be responsible to drive the build out and staffing of physical stores,” the job ad reads. China Ranks 2nd to US on Fortune 500 Company List The newly released Fortune Global 500 list of the world’s 500 largest companies features 95 Chinese enterprises, with only the U.S. having more companies on the list….
Overheating Housing Market Leads to Stricter Policies in Henan – and more of Today’s China Real Estate Links | September 4, 2013
…d on Catalist in 2011, Zhongmin Baihui Retail Group operates 10 department stores in Xiamen, Quanzhou and Zhangzhou cities in Fujian province and Nanjing city in Jiangsu province, China. Chen Kaitong, CEO and Executive Director of Zhongmin Baihui Retail Group, said: “Our goal is to be the leading department store operator in Fujian province, and this transfer to the Mainboard cements our position as a premier Singapore-listed stock with direct exp…
China home prices to keep rising over next few months – Today’s China Real Estate Links | November 14, 2013
…tract, Decathlon will rent or buy properties in Vanke’s commercial projects in second- and third-tier Chinese cities such as Foshan and Dongguan to open its new stores. “It’s a win-win situation for both parties. Decathlon can lower their costs on finding good store locations, and Vanke has a famous brand to lease their property,” said Wang Hongtao, a press officer and industry expert from the China Chain Store and Franchise Association. This list…
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