Recently a sign of price decline appeared in Shanghai house market, even some luxury apartments in the city centre. Under such a situation, potential buyers decided to wait and see before making the purchasing decision.
Many potential buyers in Shanghai are expecting a further decline after the drop in Shenzhen housing prices, declining by nearly 30 percent in the first half. It is showed by the statistics from China Real Estate Index Academy that in Shanghai house market there is a sales drop of 27.6 percent from last year to 8.85 million sq m while a rise of 7.26 percent in housing price.
Hu Yinghua, a researcher at China Real Estate Index Academy, said that Shanghai’s real estate market was going through a mild revision period with the government attempting to maintain the property price stable with no fierce fluctuation.
Chen Wei, senior directors Read more…
Popularity: 1% [?]
crisis, decline, house, selling, Shanghai
Lend Lease Corp, the Australian developer building London’s Olympic Village, now has difficulty in getting funds for building the 1 billion pound project when the worldwide credit markets are impacted by crisis.
“We are looking to do a debt-equity deal but it has been delayed by what is happening in the marketplace,” Mark Gell, a spokesman for the Sydney based company, said.
“We are still working toward it. We have said around the end of the year. There is no change to that.” Read more…
Popularity: 6% [?]
2012, crisis, London, Olympic, preparation
The financial turbulence has greatly affected China’s exports, and it lowered the expectations of China’s exporters as the country’s leading trade fair which is mainly known as the Canton Fair. The fair was opened yesterday. The autumn session of the biennial fair in Guangzhou is considered as the barometer of Chinese exports and imports, which will run till Nov 6, lasting for 15 days all together.
The number of booths this year is 53,000, 10,000 more than last time. Despite the encouraging changes, businessmen and analysts still have taken a cautious attitude toward China’s export prospects because of the global financial crisis, fluctuations in raw material prices, Read more…
Popularity: 4% [?]
canton, China, crisis, fair, global
To see part 2
Besides reliable clientele and fine quality, another reason that Cai is so confident is that his company is capable for innovation.
They have enough outstanding designers in overseas and dozens of others doing research and development. “Quite a number of our products are sold overseas carrying the Quanyu trademark,” Cai said. Read more…
Popularity: 2% [?]
China, crisis, economy, export, Guangdong, manufacturing, Shantou, toy
To see part 1
According to Guo Zhuocai, Huawei director and president of the Chenghai Toys Association, the market is to unsteady to be predictable and everything became more expensive.
90% of Huawei’s products, including remote-control toys, electronic dolls and robots are sold to overseas markets. Read more…
Popularity: 3% [?]
China, crisis, economy, export, Guangdong, manufacturing, Shantou, toy
Recently a sign of price decline appeared in Shanghai house market, even some luxury apartments in the city centre. Under such a situation, potential buyers decided to wait and see before making the purchasing decision.