Hong Kong most-expensive housing market in the world

BY CHINA DAILY Four Chinese city are among the 10 costliest cities to buy a home in the world, with Hong Kong stands on the top, according to real estate consultancy CBRE’s 2019 Global Living report. Hong Kong tops the list with the average price of a home about 8.28 million yuan ($1.22 million). The other three Chinese cities — Shanghai, Shenzhen and Beijing occupy … Continue reading Hong Kong most-expensive housing market in the world

Country Garden Denied “Rumour” of Massive Job Cut

BY SILVI WRITER   China’s largest developer denied “rumour” that its has a plan to cut jobs, but confirmed the group will continue to optimize its “team structure” according to Chinese media on Wednesday. “The group has no plan to cut jobs. Continuously optimizing the team structure is part of the company’s daily management,” Country Garden said in a statement. “Our company always focuses on … Continue reading Country Garden Denied “Rumour” of Massive Job Cut

Exclusive: China’s Largest Developer Country Garden to Cut 30% Jobs

BY SILVI WRITER   China’s troubled largest property developer Country Garden will cut up to 30 percent jobs, while employees who joined the company less than a year ago will have to leave, sources said. Country Garden has already issued a notice on this decision of major job cut, according to banking sources in China on Tuesday. China’s property developers have been facing tightened liquidity … Continue reading Exclusive: China’s Largest Developer Country Garden to Cut 30% Jobs