china

China’s home prices fall in May for the first time in two years

The Chinese real estate balloon could already be deflating as home prices started to decline in May, falling for the first time in two years. However, housing officials of China announced that the decline in prices is “normal” and they are just a “high base effect.”

China's Atlantis: Underwater ‘Lion City’ opens for tourists

China has turned a 50-year-old flooding event into a money-making venture, opening the underwater Shi Cheng City, which lies at a depth of 85 feet to 131 feet (26-40 meters) beneath the Qiandao Lake, to tourists.

Visiting another Ghost Town, Tianducheng, Mini Paris in China (VIDEO)

In another ambitious real estate attempt, China has created a mini Paris, complete with the Romanesque buildings, fountains, statuettes and a faux Eiffel tower too! However, just like its other urban developments that remain starkly empty, this beautiful Parisian replica also remains hardly inhabited.

China’s Sky City One Development Stalled over Construction Permit Problems

According to Broad Sustainable Group, developers of 'Sky City One' the touted tallest skyscraper of the world, the company had received all building permits and approvals to start construction on the 2749 meter high-rise and would complete building in 210 days. However, development on the building has stalled due to some permit problems.

Chinese Mother Buys $6.5 Mln Manhattan Apartment for Two-Year-old Daughter

A high-level executive at Sotheby's International Realty recently revealed to China's state television broadcaster that he personally helped a Chinese mother buy a $6.5 million Manhattan apartment for her daughter.

Chinese Real Estate Investors Continue to Invest Outside the Country

Shanghai-based Greenland Group is building a residential and hotel development in Sydney while another Chinese developer, China Vanke, is building a project in San Francisco, as the country's real estate investors continue to invest heavily outside of China, according to the Wall Street Journal.