CIFI Holdings (Group) Co., Ltd., one of the 100 biggest real estate developers in China announced today that it had achieved contracted sales of RMB15.32 billion in 2013, representing a significant increase of 60.5 percent over the RMB9.54 billion it… Read More>>
China Vanke in NY Real Estate Project with Hines and RFR
China Vanke, the largest real estate developer in the world’s second largest economy announced today that it has broken ground on a new project in New York City with US-based partners Hines and RFR Holdings.
Vanke President Yu Liang took… Read More>>
Country Garden Buys Sydney Site for US$65 Million
Chinese property developer, Country Garden added to the flood of Chinese investment headed overseas by purchasing a development site in Sydney for AU$73 million (US$65.76 million). The acquisition is Country’s Garden’s first in the Australian market.
The purchase of the… Read More>>
China to Push For More Land Sales to Rein in Home Prices
China’s Ministry of Land and Resources announced this week that it will prioritise expansion of land available for housing development as the Xi administration continues to look for market driven means of controlling home prices.
The ministry made it… Read More>>
Beijing Draws 140k Applications for Affordable Home Offering
More than 140,000 families are lining up for only 2,000 homes on sale in a new affordable housing project in Beijing as China’s nascent low-cost housing scheme struggles to meet demand.
The Beijing project is located along the fifth ring… Read More>>
China Real Estate Stocks Drop as Home Price Growth Slackens
After months of record gains in home prices, China’s real estate market showed signs of cooling down this week when official statistics revealed price growth of less than one percent in the country’s first-tier cities. The weakness in property prices… Read More>>
China Developers Discounting Amid Credit Clampdown
Reports of a bubble in China’s real estate industry are on the rise this week as developers in Hangzhou and Changzhou have begun discounting homes to improve cashflow.
Discounts of as much as 36 percent for two projects in prosperous… Read More>>
Credit to China’s Developers Tightened as Bank Stops Property Loans
China’s real estate developers came under increasing financial pressure recently as the country’s seventh largest bank cut off credit to the sector, and reports indicate that several other banks may be following suit as the nation’s banks become more cautious… Read More>>
Logistics Developer GLP Announces Sinotrans Deal and Dongguan Facility
Global Logistic Properties Limited (GLP), the biggest logistics developer in China, announced this week that it has signed a strategic partnership agreement with the country’s largest state-owned logistics services company to develop a nation-wide network of logistics facilities.
In addition to… Read More>>
Record Levels of Traffic to Mingtiandi Last Week
More people came to Mingtiandi last week to access our updated China real estate information than ever before, and I just wanted to take this opportunity to thank all of our readers for your support.
In all, there were more than 3000 visits to Mingtiandi.com from February 16th to 22nd, the most since the blog was founded more than five years ago.
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