Fortress has partnered Fosun to operate joint venture Shanghai Starcastle Living Services, which already has a housing project for the elderly in the city.
In recent months, Premier Li Keqiang has targeted urbanisation as a priority for the economy. Indeed, urbanisation will boost economic growth and create a better living environment for all. In...
Even with the small dip after strong control measures, housing prices in Hong Kong remain near a historic high. With its property among the most expensive in the world, Hong Kong has long grappled...
The property market has been among the key topics at the annual meetings since 2010, after mainland property prices started to rise rapidly in 2009, surging by more than 20 per cent that year.
Resilient end-user demand will continue to support mainland property market sales this year, after a rise in both sales volumes and prices in 2012, according to analysts.
Developers were the star performers on the stock market yesterday after premier-in-waiting Li Keqiang said urbanisation would drive most of the country's development in the next decade.
Guangzhou Deputy Mayor Gong Erzhen has called on the city's young civil servants to embrace Cantonese, the Guangzhou Daily reported.
Fewer mainland cities recorded higher property prices last month, easing pressure on the government to take new steps to cool the market.