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Real Estate

By STAFF EDITOR
Office rentals in Shanghai’s Pudong district (on the east side of the river that divides Shanghai into two parts) are the 38th most expensive in the world, according to a survey by international property adviser CB Richard Ellis. Puxi offices, on the west side of the river) ranked 50th, the Shanghai Business Journal reported. London and Tokyo still top the chart while Hong Kong ranks 10th. Offices in Manhattan are the most expensive in North America, ranking 20th worldwide. The survey tracks office rentals in 176 cities worldwide. Abu Dhabi leads the ranking of markets with the fastest growing rentals over the past 12 months, soaring 103% in that period.

By AMY CHEUNG
Government efforts to cool China’s property sector are forcing developers to look to new funding channels. Shanghai Greenland Group president Zhang Yuliang tells China Business News how his group is responding to the changing macro-economic reality.

By AMY CHEUNG
Ever since Home Inns debuted on the NASDAQ stock exchange last year, the budget hotel industry has become the toast of the town, fuelled by interest from media and investors alike. However, according to China Business News, a report released April 25 by the China Hotel Association (CHA) suggests rockier times lie ahead.

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