…comes two months after the executive was relieved of his duties as head of Longfor’s overseas expansion efforts. The veteran property executive had only a two-year stay at Longfor after joining the developer in 2016 from COFCO’s Joy City commercial property unit, where he had served as managing director. Brandon Chia has been promoted to General Manager for Singapore with the city-state’s home-grown shared office provider, JustCo. Chia’s step up a…
Search Results for: longfor
Asia Real Estate People in the News 2020-03-31
…he group, CEO of the company’s rental housing business and the chairman of Longfor Smart Service Group. Wang joined the company in 2000 and served as general manager of Chengdu Longfor. He obtained a Master’s degree in Management from Chongqing University, majoring in Architectural Economy Management in 2001. Adrian Sum Pui Ying has resigned from his role as an executive director of Sino-Ocean Group Holding, according to an announcement to the Hon…
Morgan Stanley Launches $80M India Logistics JV and More Asia Real Estate Headlines
…with its ambition to become Asia’s top wealth manager by 2025. Read more>> Longfor Seeks Up to $1B in Property Management Unit’s Hong Kong IPO Longfor Group Holdings is considering an initial public offering for its property management business in Hong Kong that could raise as much as $1 billion, people with knowledge of the matter said. The Chinese real estate developer is working with China International Capital, HSBC and JPMorgan Chase on the p…
Swire Pacific’s $500M Repurchase Plan Sparks Rally and More Asia Real Estate Headlines
…e>> Longfor Shares Rebound After Developer Denies Default Rumour Shares of Longfor Group Holdings surged in early trading on Thursday after the Chinese developer denied rumours that it had missed payment on commercial paper. Longfor shares rose by as much as 11 percent in Hong Kong on Thursday morning. On Wednesday, the stock had slumped 16 percent in its worst day on record, reaching its lowest level in nearly four years on the default rumour. Re…
China Home Prices in Steepest Fall Since 2015 and More Asia Real Estate Headlines
…Read more>> Longfor, Midea Plan to Raise $4.9B in Debt Chinese developers Longfor Group Holdings and Midea Real Estate Holding plan to raise a total of RMB 35 billion ($4.9 billion) in debt, according to China’s National Association of Financial Market Institutional Investors. NAFMII, which has semi-official status under the auspices of China’s central bank, said Longfor had completed the registration for RMB 20 billion worth of debt, while it ha…
Singapore Adds Two Residential Sites to Land Sale Plan and More Asia Real Estate Headlines
…or’s Credit Rating to Junk Moody’s has stripped mainland Chinese developer Longfor Group Holdings of its investment-grade credit ratings, citing a negative sales outlook because of sluggish home sales and funding conditions. The credit ratings agency downgraded Longfor, one of the top 10 mainland Chinese developers by sales, from Baa3 to Ba2. Read more>> WeWork India Leases Office space in Bengaluru, Hyderabad Co-working major WeWork India on Thur…
Not Best Time to Buy Land in China Now, Hang Lung Says – and more of Today’s China Real Estate Links | June 28, 2012
…ideline of the Real Estate Investment World conference in Singapore today. Longfor purchase new sign of warming China land market Longfor Properties, one of China’s top ten developer’s by sales, has bought a major parcel of land in the southern city of Xiamen, the latest in a series of deals that raise hopes of a recovery in the sluggish property sector. Some developers are beginning to replenish their land banks in markets where they have posted…
China’s Top 10 Real Estate Developers for 2013
…the company projects turnover of 40.1 billion yuan (US$6.447 billion). #7: Longfor Properties Co. Ltd Founded in 1994, Longfor Properties Co., Ltd achieved 2012 turnover of 27.9 billion yuan (US$4.488 billion), an increase of 15.8 percent compared with 2011. Additionally, sales volume exceeded 40.1 billion yuan (US$6.457 billion), up 4.9 percent on a year-on-year basis. #6: Greenland Holding Group Company Limited Founded in 1992, Greenland’s annua…
Cinda Buys Shanghai Land and China Resources Ups Vanke Stake
…g its stake in developer China Vanke, and financial reports from developer Longfor and China Resources Land releasing 2013 profit numbers. Here’s a quick run-through on a Monday morning: Cinda Real Estate Co Ltd said that, along with a partner, it has acquired at auction two sites in Shanghai for a combined RMB 845 million yuan ($136.37 million). China Vanke, the country’s largest developer in terms of sales announced that China Resources (Holding…
China’s Real Estate Tycoons Pushed Out of Top 10 by Internet Entrepreneurs
….8 billion. #30 Zhang Xin of SOHO China with $3.7 billion. #36 Wu Yajun of Longfor Properties with $3.2 billion. Here are China’s top ten richest real estate billionaires according to Forbes #4 Wang Jianlin of Dalian Wanda with a worth of $13.2 billion. #13 Chan Laiwa of Fu Wah International Group with $6.1 billion. #15 Hui Ya Kan of Evergrande Real Estate with a fortune of $5.9 billion. (In 2012, Hui had ranked #6 on Forbes list with assets of $6…
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