China business news digest
EconomyChinaStaff ReporterYour daily digest of the biggest business news in China, translated and summarized every day.Milk is cheaper than spring water in ChinaChinese dairy farmers in western...
View ArticleBubble fears in commercial property
Australia's commercial real estate markets could be shaken up by merger and acquisition activity early next year, with some landmark properties tipped to change hands at prices likely to spur concerns...
View ArticleWhy Australia needs Chinese property investors
EconomyAustralian NewsRobert GottliebsenAs oil prices suffer more sickening blows, and iron ore and coal languish, only one force stands between Australia and a serious recession -- Chinese investment...
View ArticleAustralia, Canada house prices beat US, UK over last decade
House prices in Australia and Canada have outperformed those in the US and UK over the last 10 years, with gains in housing hot spots such as London and New York beaten by lesser-known names Darwin and...
View ArticleAVJennings poised for Devine intervention
AVJennings is shaping up as the most likely candidate to purchase the Queensland-based developer Devine, which is half-owned by Leighton Holdings, according to sources.A sales process for the business...
View Article360 Capital lifts stake in rival fund
Tony Pitt’s boutique funds manager 360 Capital Group has taken another step towards launching a takeover play for Allan Fife’s Australian Industrial REIT, which would allow him to create an $800...
View ArticleBIS warns on bloated Perth CBD
Perth's already oversupplied commercial property market is set to swell to peak levels if oil and gas giant Woodside signs up as the anchor tenant for a planned new CBD office tower.That's the finding...
View ArticleDulux buoyed by low interest rates
Home renovation activity is likely to remain strong as interest rates stay low and house prices rise, paint group Dulux says.The group's chief executive Patrick Houlihan told shareholders on Thursday...
View ArticleChina property prices continue fall
The average price of new homes in 70 Chinese cities continued to fall in November, signalling the decline in home prices hasn’t run its course.But on a month-over-month basis, average home prices fell...
View ArticleProperty boom to head north
Brisbane is set to rival Sydney as the best performing housing market next year as investors look to the cheaper Queensland market.Prices in Brisbane and Sydney will grow between 5 per cent and 7 per...
View ArticleLeighton, Stockland deal seen imminent
Leighton Holdings has had quite a week, bringing about $1.5 billion of cash through the doors through the sale of John Holland and its services assets days later.But now, the sale of Leighton Holdings’...
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There's more to affordable housing than the density debate
IndustriesPropertyHal Pawson & Bill Randolph & Vivienne MilliganThe ConversationEx-NSW Premier Nick Greiner has proposed that land value embedded in public housing estates be recycled to...
View ArticleForeign buyers will add to house price rises: report
Foreign buyers account for less than 2 per cent of all property purchases in Australia, but the impact on prices is likely to be measurable as they target mostly inner city apartments and expensive...
View ArticleDexus buys business park from Mitchells
The wealthy Mitchell family has sold the Lakes Business Park in South Sydney to Dexus Property Group for $153.5 million.The 43,000 square metre site close to Sydney Airport and Port Botany is one of...
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Australian property is back on Japan's radar
IndustriesPropertyFlorence ChongMore than two decades on, the Japanese are returning.Back in the 1980s and early 1990s, Japanese investment dollars flowed into Australia at a furious pace. Then came...
View ArticleMerger talks cut by Fife Capital
Fund manager Fife Capital rebuffed a proposal from rival manager 360 Capital Group to merge its Australian Industrial REIT with the 360 Capital Industrial Fund, citing “significant concerns” over the...
View ArticleBanks stung by alleged $110m fraud
Australia's biggest banks have been badly caught out in an alleged home loan fraud believed to be the nation’s single biggest banking sector swindle.The corporate regulator alleges that hundreds of...
View ArticleLi Ka-shing to divide empire
HONG KONG—Asia’s richest person, Li Ka-shing , is reorganizing his empire into two companies, separating his Hong Kong property assets from his internationally focused conglomerate, which includes...
View ArticleBrookfield signs deal with BHP spin-off
Brookfield's listed office property trust has secured a large 10-year lease at its under-let office towers in Perth, with proposed BHP Billiton spin-off South32 signing on as a tenant and taking naming...
View ArticleThird of homes sold at twice their purchase price: RP Data
Nearly one in three homes sold in the September quarter went for more than twice their purchase price, but nearly one in 11 were sold for less than they cost to buy.Regional areas in Western Australia...
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