Market leading China real estate developer Vanke saw its sales revenues drop 30 percent in December compared to the same month last year, the fifth straight month the home seller has seen declining income figures.
At the same time, the… Read More>>
China Government Land Sale Income Drops 13 Percent in 2011
Income to China’s local governments from land sales dropped 13 percent during 2011 according to statistics from the China Index Academy (part of Soufun.com) and the Ministry of Finance.
Land sales revenues in 130 cities across China totaled RMB 1.86… Read More>>
China Home Prices Fall for Fourth Month
According to recent data from China real estate website, Soufun.com, the nation’s home prices slid for the fourth straight month in December as the government made clear that it has no immediate plans to relax its controls on the property… Read More>>
Guangzhou and Nanjing May Introduce Property Tax in 2012
As China’s restrictions on residential property sales have cooled down developer demand for new land, local governments find themselves in need of some new revenue streams to fuel their infrastructure projects and maintain public services. In the case of two… Read More>>
SOHO Attempts to Buy Bund Project Stake from Greentown — Fosun Vows to Block
Carnivorous real estate developer SOHO China announced on December 29th that it would buy a 50% stake in a commercial property project on Shanghai’s Bund, only to have rival developer Fosun announce its right to block the proposed deal on… Read More>>
Average Land Prices in Shanghai Drop 40% as Developers Become More Cautious
While the amount of land sold in Shanghai during 2011 was up compared to 2010, the amount of revenue that the local government achieved through these sales dropped during the past year. According to reports from local media, the greatest… Read More>>
Is SOHO China Broke?
According to a report last week in the National Business Daily, supernaturally aggressive real estate developer SOHO China is suffering from a severe cash crunch as it currently is attempting to build and launch several new commercial projects. At present the… Read More>>
E-house Buys Back CRIC As Appetite for China Residential Real Estate Data Slackens
CRIC the NASDAQ-listed former subsidiary of E-House is soon to move back in with its parents as its stock price has dropped from US$9.60 a share a year ago to US$4.05 this week.
CRIC which sells data on China’s residential… Read More>>
Agricultural Bank Says China Real Estate Prices Need to Drop 25 Percent
According to analysts from China Agricultural Bank (ABC) real estate prices should be expected to drop another 25% before stabilizing. While these comments are among statements on the country’s property market, coming in an official statement from one of China’s… Read More>>
IFC Mall Leads Sun Hung Kai Shanghai Retail Real Estate Growth
Hong Kong real estate developer Sun Hung Kai (SHK) is rapidly establishing itself as one of China’s leading mall developers thanks to the success of its IFC mall project in Shanghai. According a recent story in Hong Kong’s Standard, IFC… Read More>>
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