Latest news with #Xintiandi
South China Morning Post
25-05-2025
- Business
- South China Morning Post
Hot Shanghai property market defies national slump as luxury units sell quickly
Shanghai's high-end property market continues to buck the national downturn, with deep-pocketed buyers pouring capital into top-tier homes that are seen as value-preserving assets despite economic uncertainty, analysts said. Buyers snapped up all 64 units offered at One Central Park, a luxury development in the city's core Huangpu district, on Wednesday, spending 4 billion yuan (US$556 million). Developed by Sunac China Holdings, Citic Group and Xinhu Group, the project is located in the city's Xintiandi shopping and entertainment area. The flats in the sale were priced at an average of 185,000 yuan per square metre (10.8 sq ft). The largest duplex sold for more than 246,000 yuan per square metre, making it one of the most expensive residences sold in the city this year in per-metre terms. The two earlier rounds at One Central Park also sold out within hours, and the project's year-to-date sales have exceeded 10.8 billion yuan, making it the first residential project in China to surpass 10 billion yuan in 2025. The sale on Wednesday, which included flats between 300 and 1,000 square metres, was nearly triple-subscribed during the registration period, triggering a points-based allocation system designed to curb speculative buying – the first such case in central Shanghai this year. The developer said it planned to launch the fourth phase of the project, focused on high-floor units, in June at the earliest. Luxury home sales have shown sustained strength across the city. New home prices in Shanghai rose in April and May, outpacing national averages, according to Centaline Property. Last week, new-home sales in Shanghai rose 72 per cent from the previous week, while average prices surged 49 per cent to a record 107,746 yuan per square metre, Centaline data showed. Buoying the figures, premium projects including Swire Properties' Lujiazui Taikoo Yuan Residences and Greentown China's Symphony Shanghai all sold out quickly on their launch days, Centaline said.
Yahoo
19-03-2025
- Entertainment
- Yahoo
Juventus in China: A Weekend of Bianconeri Passion in Shanghai
Juventus in China: A Weekend of Bianconeri Passion in Shanghai Juventus strengthened its presence in China with a fantastic weekend of events, celebrating the club's bond with Bianconeri fans and promoting football among young generations. From 14-16 March, Shanghai became the beating heart of Juventus passion with the Youth Carnival and the Ganten China Bianconeri Football Tournament 2024/25. These events were dedicated to Chinese fans, all in the presence of Juventus Legend David Trezeguet. Youth Carnival: Juventus Meets the Fans The event took place in the picturesque Xintiandi Style Area, an exclusive location that hosted three days of Bianconeri celebrations. The official inauguration was held on 14 March, featuring special guests and selected members of the media. This was followed by an exclusive VIP and media experience, and a B2B cocktail reception at ONE Xintiandi, offering a unique opportunity to engage partners and stakeholders in the world of Juventus. Advertisement Through this event, the club and its partners have joined forces to deliver a brand experience infused with youthful energy and stylish appeal. The renowned Juventus partners such as adidas, EA Sports, Daka, and others also showcased their unique brand identities at the event. By displaying their cutting-edge products and brand philosophies, these partners offered innovative, interactive experiences to both participants and local supporters—collectively expressing their profound Juventus passion, a spirit of relentless innovation, and the vibrant core of youthful energy. March 2025: Juve in Shanghai! Ganten China Bianconeri Football Tournament 2024/25 Football was at the centre of the event with a tournament organized in collaboration with Ganten, an official Juventus partner. On 15 March, David Trezeguet kicked off two days of competition, culminating in the award ceremony on 16 March. A Growing Bond with China The strong connection between Juventus and its Chinese fans continues to grow. This event provided another great opportunity to bring the Bianconeri brand closer to an ever-expanding audience through moments of togetherness, sports, and entertainment. With David Trezeguet as an exceptional ambassador, Juventus passion lit up Shanghai for an unforgettable weekend. Looking forward, Juventus will continue to refine its innovative market strategies, collaborating with more brands and community forces to continually enrich and elevate the fan experience, establish localized models for international sports brand and consistently promote positive values and uplifting energy.
