Cao Qian

Business Reporter

Soar in supply sees new home sales improve for second week

New home buying sentiment continued to improve in Shanghai for the second week amid a soar in supply, the latest market data showed.

Beijing and Shanghai poised to join elite group of global cities, says JLL

The two cities' diverse strengths and developed economies put them on course to join elite group of powerful and globally-connected "Big Seven" cities.

New home prices show slight growth nationwide in March

New home prices across China registered month-on-month growth in March, data released today by the National Bureau of Statistics showed.

New home sales in China continue to grow by slower double digits in Q1

Third and fourth-tier cities outperform their larger counterparts where tightening policies to curb speculation are strictly enforced.

New home sales rebound in Shanghai amid supply rise

The average price of the new homes, however, fell 6.3 percent week on week to 47,255 yuan (US$7,512) per square meter.

WeWork acquires naked Hub to further cement presence and accelerate growth in China

Neither party has released the figure for the acquisition said to be valued at US$400 million.

Grade A office rents hold steady despite huge supply

Grade A office rents remained steady in Shanghai's core CBD markets in the first quarter of 2018, despite large supply, with co-working operators being a key source of demand.

Shanghai on the path to become a "global exhibition capital" by 2020

City aims to hold annual exhibitions and conventions covering 20 million square meters by 2020 (the end of the 13th Five-Year period).

New homes in Shanghai cost more to buy despite cooling sentiment

The average cost of new homes exceeded 50,000 yuan (US$7,917) per square meter in Shanghai for the first time this year.

New home sales last month worst in 7 years

Shanghai suffered its worst-performing March in seven years as sentiment among new home buyers failed to rebound as quickly as expected.