Tag Archives: soared

China has a new richest man after his company stock soared 450%

China’s love of QR codes There’s a new face at the top of China’s wealth tree. Real estate tycoon Xu Jiayin, founder of China Evergrande(EGRNF), is now the country’s richest man after his wealth ballooned to $ 43 billion, according to the latest Hurun China Rich List. Xu, also known as Hui Ka Yan, dethroned real estate and entertainment magnate Wang Jianlin in the closely watched list. Wang, who owns Dalian Wanda, plummeted to fifth place as his wealth shrunk by almost 30%. Evergrande’s Xu has seen his net worth ...

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Home prices in this city soared 25% in a year

Vancouver’s high-end housing market is on fire. Luxury property prices in the Canadian city soared 25% last year, more than in any other major city in the world, according to a new research by Knight Frank. In comparison, prime property prices rose 2.4% in New York, 15% in Sydney, 1% in London and 10% in Amsterdam. It’s not just the luxury homes that are becoming more expensive. Overall home prices jumped 20% in 2015. The average price for a single detached home in Vancouver exceeded $ 1.2 million CDN ($ ...

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