Each week on Mingtiandi we track who among China’s commercial real estate community has left their role, been promoted, or went off to Thailand on holiday and never made it back through the street protests.
Ivan Ho has… Read More>>
HK Group Invests $1.9B in Dubai and Bets on 12 China Senior Homes
A little-known Hong Kong company has agreed to invest US$1.9 billion to turn around a stalled Dubai property project, and sell off pieces of it to Chinese investors.
At the same time, the Dubai-based firm that lacked the funds to… Read More>>
China Home Prices Jump 11% But Shanghai Sales Slow by 29%
China recorded its 20th straight month of housing price increases in January, but growth rates have begun to slow, and new measures may be stifling sales, according to recent market reports.
The China Index Academy, which is part of real estate… Read More>>
China Internet Giant Goes Vertical in Crowded Shenzhen
While the growth of tech firms in the US has led to university-sized suburban campuses such as Apple’s headquarters in Cupertino, California and the Googleplex in Mountain View, China’s more crowded conditions and urban lifestyle is leading its Internet firms… Read More>>
Glorious Property CEO, CFO Out as Developer Flails
Two top executives of Glorious Property Holdings Ltd. (845) resigned last week – less than one month after a failed buyout attempt by the troubled China real estate developer’s former chairman Zhang Zhirong.
The departure of Glorious CEO Liu Ning… Read More>>
China Vanke Sales Rise 45% in January to RMB 27 Bil
China Vanke Co. (000002.SZ), the nation’s largest property developer by revenue, showed a continued upswing in sales last month reaching 27.65 billion yuan ($5.8 billion) during January.
According to a report in the Wall Street Journal, Vanke’s achievement represented a 45 percent increase over the mark for January 2013, when it sold RMB 19.07 billion.
Deloitte Foresees Downward Cycle for Mainland Developers
Despite the increase in their average total revenue, nearly 60 percent of listed mainland real estate companies in Hong Kong, Shenzhen and Shanghai registered a decline in net profit margin during 2012, reflecting the beginning of a profitability down… Read More>>
US Developer Pays a Record $2.2 Billion for Shenzhen FTZ Site
Only two days after China’s government announced a new free trade zone in Guangdong province, a US real estate developer paid a record RMB 13.4 billion (US$2.21 billion) for a site in Shenzhen.
The land acquisition by Silverstein Properties, which… Read More>>
China Real Estate People in the News 2014-01-27
Each week on Mingtiandi we track who among China’s commercial real estate community has left their role, been promoted, or found out they weren’t getting that big bonus and took off to work for some local developer who has real… Read More>>
CapitaLand Acquires Residential Site in Ningbo for US$181 Mil
CapitaLand China, a subsidiary of Singapore’s largest real estate developer announced recently that it had acquired a residential site in the port city of Ningbo in eastern China’s Zhejiang province for S$232 million (US$181.45 million).
The 57,370 square metre site in the Sunjia area of the city’s Jiangbei district was acquired through a government land auction, and CapitaLand said in a statement that it intends to develop approximately 1,100 homes on the property.
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