SHANGHAI Putuo District Government joined forces with a world leading property services provider yesterday to establish a strategic partnership as part of its efforts to accelerate real estate development in the district.
Under an agreement signed yesterday between the district government and Colliers International, the property developer will serve as an international strategic consultant for the local government and offer all-round property solutions which will include comprehensive development planning, real estate promotions for overseas investors and tenants and professional property management services.
The strategic partnership, probably the first of its kind in the city between a district government and an international property consultancy firm, could be a win-win deal.
"With a successful track record and nearly 20 years' operating experience in the Chinese market, Colliers is expected to help attract more international investors and multinational cooperations to either invest or build their centers here in the district," said Lu Nanting, director of Putuo Investment Service Office. "Moreover, we believe Colliers' extensive network and resources around the globe may also be of great help."
Colliers, which entered the China market early in 1989 and now manages properties in more than 60 cities across the nation, sees Putuo as the most promising district for new CBDs to emerge, aside from the traditional zones.
http://www.shanghaidaily.com/sp/article/2008/200802/20080221/article_349422.htm
Shanghai Real Estate market
Shanghai (Chinese: 上海; Pinyin: Shànghǎi; Shanghainese: /zɑ̃'he/; abbreviation: 沪; nickname: 申), situated on the banks of the Yangtze River Delta in East China, is the largest city of the People's Republic of China and the eighth largest in the world.[4] Widely regarded as the citadel of China's modern economy, the city also serves as one of the nation's most important cultural, commercial, financial, industrial and communications centers. Administratively, Shanghai is a municipality of the People's Republic of China that has province-level status. Shanghai is also one of the world's busiest ports, and became the largest cargo port in the world in 2005.
Originally a fishing town, Shanghai became China's most important city by the twentieth century and was the center of popular culture, intellectual discourse and political intrigue during the Republic of China era. After the communist takeover in 1949, Shanghai languished due to heavy central government taxation and cessation of foreign investment, and had many of its supposedly "bourgeois" elements purged. Following the central government's authorization of market-economic redevelopment of Shanghai in 1992, Shanghai has now surpassed early-starters Shenzhen and Guangzhou, and has since led China's economic growth. Some challenges remain for Shanghai at the beginning of the 21st century, as the city struggles to cope with increased worker migration, a huge wealth gap, and environmental degradation. Despite these challenges, Shanghai's skyscrapers and modern lifestyle are often seen as representing China's recent economic development.
Saturday, February 23, 2008
Government links with developer
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