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Old November 17th, 2009, 07:42 AM   #201
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Southern plan brings in top retailers
Top retailers have said they will open new outlets in southern Beijing, just 10 days after the city government unveiled its ambitious development plan for the area.

Zhang Yucheng, deputy director-general of Daxing district bureau of commerce, said a 44,000 sq m FT shopping mall will be constructed in Daxing district in October next year, according to the Mirror Evening News.

"With the prestigious Wangfujing department store and Quanjude Peking roast duck restaurant, the FT shopping mall will become the biggest and most famous of its kind in southern Beijing," Zhang said.

It is reported that Tesco, one of the biggest supermarket chains in the UK, will open two branches in Daxing and Fengtai districts next year. The Daxing branch will be located in FT shopping mall and open in the first half of next year. The Fengtai district branch will occupy a total of 20,000 sq m and is slated to open in the second half of next year.

"With these world renowned chains, southern Beijing will go through a revolutionary change," Zhang said.

Southern Beijing is regarded as undeveloped because of its poor water quality and inefficient infrastructure. It includes the districts of Chongwen, Xuanwu, Daxing, Fengtai and Fangshan.

The gross domestic product (GDP) of residents in northern Beijing accounts for approximately 40 percent of Beijing's total GDP growth. The southern section of the city accounts for much less, according to a report in the Economic Observer.

On Nov 5, the Beijing municipal commission of development and reform released the plan to develop southern Beijing.

It said it would invest about 50 billion yuan over the next three years, which is estimated to bring in about 290 billion yuan investment.

"With the new plan, people will no longer regard southern Beijing as an undeveloped region. The consumption pattern will change, which people will no longer buy properties here and then consume in the north," Zhang said.

Wang Haiping, deputy director from the Beijing development and reform commission, said the government would build seven subway lines as well as new roads and parks by 2014.

Furthermore, in regions that have a large population such as Xuanwu district, the government will encourage residents to relocate to more southern areas, according to Wang.
http://www.chinadaily.com.cn/bizchin...nt_8983764.htm
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Old November 22nd, 2009, 12:07 PM   #202
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Quote:
Originally Posted by big-dog View Post
Conrad Hotel (U/C)
106m,
construction: 4.22.2009 ~ 2011

This looks cool!
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Old November 23rd, 2009, 02:17 AM   #203
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seems very walking unfriendly though. Beijing's roads are too wide and nearly all new upcale areas are not walking friendly. That's why its traffic is the worst in China.

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This looks cool!
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Old November 23rd, 2009, 03:32 PM   #204
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Beijing is walking friendly. The sidewalks are everywhere nicely tiled and are plenty wide. The pictures you see distort the view. The one issue is that the city is so big, nothing like I have seen outside of China. You have some blocks that are 500 meters. So basically everywhere you walk is a hike. Its however bicycle friendly so you can get around that way as well. Once they expand the subway system in couple years the trafic will get better.
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Old November 23rd, 2009, 07:53 PM   #205
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Quote:
Originally Posted by ilovecz View Post
seems very walking unfriendly though. Beijing's roads are too wide and nearly all new upcale areas are not walking friendly. That's why its traffic is the worst in China.
if the traffic is bad in china, its because its so much busier on the roads.
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Old December 1st, 2009, 12:23 AM   #206
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There was a development in the CBD that was completed some time ago that included a Fairmont Hotel, an office building, and a skybridge connecting them. There is not much info about this project and I have never heard about this during the 2008 Olympics. Here is a photo of this development:
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Old December 1st, 2009, 05:03 PM   #207
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Quote:
Originally Posted by ilovecz View Post
seems very walking unfriendly though. Beijing's roads are too wide and nearly all new upcale areas are not walking friendly. That's why its traffic is the worst in China.
Chang'an Street - yes. It's way too wide. Crossings are usually underground.
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Old December 13th, 2009, 01:04 AM   #208
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Just some larger renderings of MAD's crazy Beijing 2050 vision i happened to find. Always worth to see again!



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Old December 16th, 2009, 06:05 PM   #209
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Top prices at project idle for decade
16 December 2009
SCMP

Apartments in a luxury Beijing project that had lain semi-finished and abandoned for almost a decade before construction resumed under new ownership two years ago have been sold to Hong Kong buyers at near-record prices.

Despite its clouded history, the project's relaunch at a sales function in Hong Kong's Four Seasons Hotel in Central lured savvy Hong Kong property investors such as Sun Hung Kai Properties vice-chairmen Thomas Kwok Ping-kwong and Raymond Kwok Ping-luen, Sino Land chairman Robert Ng Chee Siong and Great Eagle Holdings chairman Lo Ka-shui.

While it is not known if any of these property magnates are buyers, sole marketing agent Centaline (China) Property Consultants says about 30 Hong Kong investors have reserved apartments in Beijing Four Seasons Private Apartments on Xiaoliangmaqiao Avenue in the city's upmarket "Lufthansa district" for as much as 94,000 yuan (HK$106,708) per square metre.

The prices are almost four times higher than the last transaction values in the development recorded by the Beijing Housing Authority. But official data does not include transaction dates and the developer Evergreen says these deals were made in early 2000 with the first developer.

Now, the project is almost complete and set for occupation in November next year.

The chief reason for the striking success with which the development was marketed to Hong Kong buyers from December 5 to 7 was that the developer which took over the unfinished project invited international hotel chain Four Seasons Hotels and Resorts Group to step in as the manager, making it the prestigious brand's first foray into the mainland market.

The location of the development, previously known as Ruicheng Centre, was another winning factor, said David Hui, a deputy manager of Centaline (China), the developer's marketing agent in Hong Kong.

The location is within Beijing's East 4th Ring Road, which provides easy access to the city's core office area.

The convenient location helped the apartments sell at prices ranging from 60,000 to 94,000 yuan per square metre, with the top-priced units fetching more than similar units sold at equally prestigious Park Hyatt Residences nearby.

But after Centaline released the news about the high prices last Sunday, questions were raised over whether the buyers were properly informed about the project's troubled history, and whether they would have paid as much had they known about the long-interrupted construction work and its possible negative impact on the quality and finish of the development.

Hui declined to offer answers, instead referring these questions to the developer and emphasising the project was attractive and commanded premium prices as it was the first residential development in China managed by Four Seasons Hotels and Resorts Group.

"We told buyers that it is a completed building," said another Centaline executive. But he abruptly ended the telephone conversation when asked if buyers were also told the project had been discontinued for a long period.

The South China Morning Post tried to contact some of the buyers but the agency refused to release any details.

The two-tower project comprising 206 units was a redevelopment of a club for veteran cadres that formerly occupied the site.

Mainland media said a company that had Phoenix Satellite Television Holdings chairman Liu Changle as one if its shareholders was awarded the contract, and the Ruicheng Centre that it envisaged aimed to provide a hotel, grade A office spaces, a shopping centre and two residential blocks.

The property was later sold to a state-owned company and a number of mainland parties, local media said.

The residential component was first scheduled for completion in mid-2002. However, building work was abandoned a year before this, when the developer ran into difficulties over financing.

In August 2007, Evergreen, a firm controlled by Liu and Palm Springs Holdings chairman Zeng Wei, acquired the project and construction resumed.

"We fully informed sole agent Centaline [China] about the property, including the fact that it had once been an aborted project," said a spokeswoman for Evergreen.

She denied that the quality of the property might have been affected by its troubled history. "The quality of the property is good. From the very beginning, we invited Four Seasons to monitor its design and the choice of construction materials," she said.

A similar number of units were sold to Beijing buyers familiar with the project and its history at a marketing launch there this month.

"The property drew a good response because of the Four Seasons brand and its location. Does it really matter if it was once an aborted projected?" an Evergreen executive said.

In its official website, the Beijing Housing Authority recorded (before the Hong Kong launch), that 22 units in the development had been sold at an average price of about 21,000 yuan per square metre.

No transaction dates were provided but the spokeswoman said these units were sold by the previous developer in early 2000.

Property consultants said the selling prices achieved in the Hong Kong launch of the Beijing Four Seasons apartments were high compared with other projects in the market.

They compared the project with Park Hyatt Residences, also run by a hotel operator and next to a hotel and grade A office project.

Beijing Housing Authority data shows the average price at Park Hyatt Residences in Beijing's Yintai Centre development was 83,506 yuan per square metre in the third quarter of this year. At the time, it was the city's most expensive finished apartment.

Asking prices at Park Hyatt Residences range from 83,000 yuan to 85,000 yuan per square metre, according to a local property agency that added its location was more desirable than Beijing Four Seasons, as it is closer to the capital's central business district.

Also, management fees at the Beijing Four Seasons are more than 20 yuan per square metre, among the most expensive in the city.
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Old December 16th, 2009, 09:27 PM   #210
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Quote:
Originally Posted by Þróndeimr View Post
Just some larger renderings of MAD's crazy Beijing 2050 vision i happened to find. Always worth to see again!



haha it is based in this sqare under construction in seville.
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Old January 8th, 2010, 02:19 PM   #211
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Five more subways set to roll this year
7 January 2010
Copyright 2010 China Daily Information Company. All Rights Reserved.

Beijing will complete its construction of five new subway lines and start work on another four this year, authorities said Wednesday.

Liu Yinchun, deputy director of the Beijing municipal commission of development and reform, said the five new lines ready this year are Yizhuang line, Daxing line, Changping line, Fangshan line and the first phase of line 15, making a total track length of more than 300 km.

The city will also kick off the construction of another four subway lines.

They are line 7, line 14, Xijiao line and S1 line - the first railway in China to handle medium and low-speed maglev trains.

The S1 line will run from the west fourth ring road to the center of Mentougou district.

It will be able to handle maglev trains capable of speeds of 160 km per hour, twice as fast as standard underground trains, and is scheduled to open in 2015.

Liu said Beijing now has nine subway lines under construction, totaling another 209 km.

"I don't think any other city in the world can surpass Beijing in terms of subway line construction speed," Liu said at a news conference on Wednesday at the commission.

The average number of daily subway passengers in Beijing was 4.8 million in 2009, accounting for 34 percent of the total number of passengers that use public transport.

"We aim to lift the percentage to over 50 by the end of 2015," Liu added, "At that point, the total length will exceed 561 km."

Beijing has long faced a serious traffic problem from its enormous population and a flawed public transport system.

The government invested 10.3 billion yuan in various transport programs in 2009, equaling 75 percent of the whole infrastructure investment.

Liu admitted that Beijing's transport system continues to drag behind the ever-increasing demand, but the government has decided to maintain the high investment rate.

Most Beijing residents are looking forward to seeing more subway lines open this year.

Zhao Yan, a 25-year-old girl who lives in Shunyi district, said she usually takes the bus to office, but will start using line 15 when it opens.

Gregor Lippe, a German who has lived in Beijing's Gulou Street for over six years, said the subway lines are good news.

"I prefer to take the subway because I don't drive. It's faster and safer," he said.

But not everyone is happy about the current plan.

"Nine lines are far from enough for a city of this size," said Li Xiaobin, a 27-year-old subway guard in Yonghegong subway station.

"And I don't think the new lines will help much because more people will just decide to take them."
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Old February 26th, 2010, 05:22 PM   #212
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http://www.chinadaily.com.cn/china/2...nt_9511839.htm
Quote:
Beijing's population exceeds 22 million

By Qi Xiao (chinadaily.com.cn)
Updated: 2010-02-26 17:22


Beijing's total population has exceeded 22 million, a mark that is supposed to be surpassed a decade later, the China National Radio reported today.

According to Beijing's latest "overall plan", the city should control the number of population at 18 million by the end of 2020. However, the combined population of permanent and non-permanent residents currently already exceeds 22 million, with the latter standing at eight to nine million, the report said.

The non-permanent residents will keep increasing rapidly, the report added.

I wonder what the total combined population of Shanghai is.
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Old March 7th, 2010, 10:45 PM   #213
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http://www.businessweek.com/news/201...-update1-.html

Beijing Seen Vacant for 50% as Chanos Predicts Crash (Update1)
February 12, 2010, 4:24 PM EST

(Adds today’s reserve-ratio increase in 15th paragraph.)


Feb. 12 (Bloomberg) -- Jack Rodman, who has made a career of selling soured property loans from Los Angeles to Tokyo, sees a crash looming in China. He keeps a slide show on his computer of empty office buildings in Beijing, his home since 2002. The tally: 55, with another dozen candidates.

“I took these pictures to try to impress upon these people the massive amount of oversupply,” said Rodman, 63, president of Global Distressed Solutions LLC, which advises private equity and hedge funds on Chinese property and banking. Rodman figures about half of the city’s commercial space is vacant, more than was leased in Germany’s five biggest office markets in 2009.

Beijing’s office vacancy rate of 22.4 percent in the third quarter of last year was the ninth-highest of 103 markets tracked by CB Richard Ellis Group Inc., a real estate broker. Those figures don’t include many buildings about to open, such as the city’s tallest, the 6.6-billion yuan ($966 million) 74- story China World Tower 3.
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Old March 7th, 2010, 11:09 PM   #214
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We have been reading the same fake stories for many years. Imagine if developers had paid attention to these doomsayers in 2005 for example, when the vacancy rate peaked? Beijing would have suffered a dramatic shortate just 2 years later. I can find you articles claiming that back then Beijing had more office space than it would absorb in decades.



Fact 1: Vacany rate is actually lower than 1 year ago.

Fact 2: Even in 2009 Beijing enjoyed a positive net absortion of office space.

Fact 3: Despite of the countless office complexes opened in Beijing in the last years, vacancy rate has remained mostly stable because of the huge demand.

Fact 4: Today, Beijing's occupied office space exceeds the total stock available just 2 years ago, even despite of the crisis. This isn't a long lag at all for the market to absorb new projects.

Fact 5: Beijing's occupied area of A grade offices topped around 9 million sqm in late 2009, increasing more than 50% from 6 million sqm just 3 years earlier. Bottom forecasts claim that Beijing's office needs will double (at least) in this decade.

Fact 6: Shanghai's vacancy rate collapsed from 12% to less than 1% between 2005 and 2007 because they slowed a lot of projects on bubble concerns, creating a huge bottleneck. Soon after they completed the SWFC and others, and vacancy recovered healthy levels.
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Old March 13th, 2010, 06:53 PM   #215
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Li Envoys to Probe Beijing Land Block
By Jonathan Cheng
13 March 2010
The Wall Street Journal

HONG KONG – Executives who work with tycoon Richard Li have been sent to Beijing to find out more about why municipal authorities there declared that Mr. Li's companies would be banned from dealing in the city's land market.

Mr. Li's Hong Kong-listed Pacific Century Premium Developments Ltd., or PCPD, was among several companies singled out for apparent land-hoarding in a statement last week by the Beijing Municipal Bureau of Land and Resources. However, it was the only company barred from making further transactions in Beijing.

At the center of the issue is a parcel of land not far from Beijing Workers' Stadium in the capital city's Chaoyang district. According to the land bureau's statement, a subsidiary of PCPD started construction work on the site last August , but missed a contractual deadline and failed to apply for an extension. As a consequence, the bureau said it would fine the company and temporarily block PCPD and its affiliated companies from any transactions in Beijing's land market.

A spokesman for Mr. Li's companies said that they had dispatched officials to meet with Beijing officials in hopes of getting more information from the bureau, and declined to comment further.

According to a filing with the Hong Kong stock exchange last August, PCPD agreed to sell the parcel of land to Shui On Construction and Materials Ltd., controlled by property developer Vincent Lo, for US$118 million. The transaction was completed in October, PCPD said. Shui On "immediately commenced construction works after the handover" of the property, the company said in a statement, adding that work on the basement was in progress, with completion slated for 2011.

Mr. Li's Pacific Century group of companies currently owns just one property in mainland China, Beijing's Pacific Century Place. It doesn't have any other parcels of land in mainland China.

Shares in PCPD fell five Hong Kong cents, or about 1.7%, to close at HK$2.84 in trading Friday.

The move by Beijing authorities, which also named a subsidiary of state-owned heavyweight China Resources Land Ltd., is part of a broader nationwide crackdown on land-hoarding and land left idle by property developers. Mainland policymakers are increasingly concerned about the possibility of a housing bubble that could arrest the country's otherwise strong economic recovery.

China's Ministry of Land and Resources passed a law last year that punished developers who purchased land and sat on it, apparently waiting for market conditions to improve before developing and marketing its land. Policymakers are concerned about the practice because it depresses supply when prices are low, creating upward pressure on prices.

Last week's statement by Beijing municipal authorities included a vow to crack down on idle land, in a bid to strengthen monitoring of the city's land supply and usage.

According to Standard Chartered Bank, land prices doubled on average across the country last year. Developers and state-owned enterprises, flush with cash amid a boom in lending, piled into the land auction market, setting new record highs. In the case of China Resources Land and two other smaller companies named in the statement, Beijing municipal authorities gave them until the end of this month to start construction work or face fines and a restriction on further dealings in the city's land market.

The Beijing authorities' move follows past frictions between mainland Chinese officials and Mr. Li, the son of Hong Kong's richest man, Li Ka-shing. In 2005, the younger Mr. Li sold a 20% stake in Hong Kong fixed-line operator PCCW Ltd. to state-run China Network Communications Group Corp., or China Netcom. The next year, he attempted to sell PCCW's core assets to U.S. buyout firm TPG and Australia's Macquarie Group Ltd. China Netcom, now owned by China Unicom Ltd., objected to the plan to sell strategic Hong Kong assets to foreigners, and the deal was scotched.

- Sue Feng in Beijing contributed to this article.
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Old March 16th, 2010, 09:38 AM   #216
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Financial Street westward extension 金融街西拓





















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Old March 16th, 2010, 09:48 AM   #217
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Some renders for the (modified?) Fanhai International Towers





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Old March 16th, 2010, 10:49 AM   #218
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Quote:
Originally Posted by spectre000 View Post
http://www.businessweek.com/news/201...-update1-.html

Beijing Seen Vacant for 50% as Chanos Predicts Crash (Update1)
February 12, 2010, 4:24 PM EST

(Adds today’s reserve-ratio increase in 15th paragraph.)


Feb. 12 (Bloomberg) -- Jack Rodman, who has made a career of selling soured property loans from Los Angeles to Tokyo, sees a crash looming in China. He keeps a slide show on his computer of empty office buildings in Beijing, his home since 2002. The tally: 55, with another dozen candidates.

“I took these pictures to try to impress upon these people the massive amount of oversupply,” said Rodman, 63, president of Global Distressed Solutions LLC, which advises private equity and hedge funds on Chinese property and banking. Rodman figures about half of the city’s commercial space is vacant, more than was leased in Germany’s five biggest office markets in 2009.

Beijing’s office vacancy rate of 22.4 percent in the third quarter of last year was the ninth-highest of 103 markets tracked by CB Richard Ellis Group Inc., a real estate broker. Those figures don’t include many buildings about to open, such as the city’s tallest, the 6.6-billion yuan ($966 million) 74- story China World Tower 3.
remember after wall street crash of 2008, Dubai government spokeman declare that what happen in US real estate market will never happen in Dubai. (repeat:Will never Happen)the brutal reality is, it did happen.
China has to be very careful not to ignore him.
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Old March 16th, 2010, 06:34 PM   #219
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Ooo ... there is also a Financial Street development thread :

BEIJING | Financial Street Development News
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Old May 2nd, 2010, 12:14 PM   #220
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I have never been, but are there many American tourists turning up in Beijing and they appreciate its cultures?

Nice anyway on its own style . . .
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