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Poly property China

Poly Property Says Profits Fall 42% as Finance Costs Rise

Poly property China

2014/08/21 by Michael Cole Leave a Comment

Caught between rising financing costs and slowing sales, Poly Property announced today that its profits for the first half of 2014 had fallen by 42.2 percent compared to the same period last year. China’s second-largest developer by sales, the state-backed… Read More>>

Caught between rising financing costs and slowing sales, Poly Property announced today that its profits for the first … Read more>>>

China Vanke

Vanke Selling More Homes Thanks to Price Cuts

China Vanke

2014/08/21 by Michael Cole Leave a Comment

China’s biggest developer has sold more homes than ever in 2014, but is seeing profit growth compressed by the nation’s housing slump and discounting, according to results released this week by China Vanke.

The Shenzhen-based real estate company declared its… Read More>>

China's biggest developer has sold more homes than ever in 2014, but is seeing profit growth compressed by the nation's … Read more>>>

3 Developers Report Rising Profits Despite Sales Challenges

2014/08/20 by Michael Cole Leave a Comment

Despite falling home prices and credit challenges three China real estate developers this week reported jumps in profit reaching 63 percent in the first half of 2014.

Country Garden Holdings, China Resources Land and Franshion Properties all reported their first… Read More>>

Despite falling home prices and credit challenges three China real estate developers this week reported jumps in profit … Read more>>>

Baby Zeng Jie Fantasia Holdings

Developer Fantasia Adjusts Sales Target as Profits Fall 68 Percent

Baby Zeng Jie Fantasia Holdings

2014/08/18 by Michael Cole Leave a Comment

Hong Kong-listed Fantasia Holdings became the first mainland developer to cut its sales target this year after it announced late last week that it had suffered a 68 percent fall in profits during the first half of 2014.

The Shenzhen-based… Read More>>

Hong Kong-listed Fantasia Holdings became the first mainland developer to cut its sales target this year after it … Read more>>>

REIW Asia 2014

China Downturn Providing Opportunity for Citic and Grosvenor

REIW Asia 2014

2014/08/12 by Michael Cole Leave a Comment

The best time to invest may just be that moment when most other investors have given up on the market, at least that seems to be the case for Citic Capital and Grosvenor.

Both state-owned asset manager Citic and UK-based… Read More>>

The best time to invest may just be that moment when most other investors have given up on the market, at least that … Read more>>>

shanghai international capital plaza

Li Ka-shing Said to Sell Shanghai Office Tower for RMB 1.54B

shanghai international capital plaza

2014/08/11 by Michael Cole Leave a Comment

Li Ka-shing appears to be continuing to sell off his China real estate assets, as a recent report has Asia’s richest man selling an office building in Shanghai for around RMB 1.54 billion ($250 million).

According to a story on… Read More>>

Li Ka-shing appears to be continuing to sell off his China real estate assets, as a recent report has Asia's richest man … Read more>>>

Hao Jianmin of China Overseas Land

China Developer Reports 31% Profit Drop as Small Companies Struggle

Hao Jianmin of China Overseas Land

2014/08/04 by Michael Cole Leave a Comment

China Overseas Grand Ocean Group, one of China’s smaller listed developers, reported a 31 percent drop in net profit during the first half of 2014, and the company’s performance seems to confirm the diverging fortunes of the haves and the… Read More>>

China Overseas Grand Ocean Group, one of China's smaller listed developers, reported a 31 percent drop in net profit … Read more>>>

Philip Mintz Venator Real Estate Capital Partners

Trophy Property Fund Stake Sold to Partners Group as Investors Seek Exit

Philip Mintz Venator Real Estate Capital Partners

2014/08/04 by Michael Cole Leave a Comment

The saga of Trophy Property Development Fund, once the pride of one of China’s hottest fund managers, continued to unfold last week as 31 out of the $1 billion fund’s 145 limited partners unloaded their holdings to Partners Group.

The… Read More>>

The saga of Trophy Property Development Fund, once the pride of one of China's hottest fund managers, continued to … Read more>>>

Zhenhua Wang Jiangsu Future Land

Onshore Real Estate Bonds Return as Government Props Up Ailing Developers

Zhenhua Wang Jiangsu Future Land

2014/07/28 by Michael Cole Leave a Comment

Sales of property developer bonds returned to China’s domestic market recently in a sign that the Xi government is not yet quite ready to real estate companies to go under. At least in most cases.

Just last week, Shanghai-listed Jiangsu… Read More>>

Sales of property developer bonds returned to China's domestic market recently in a sign that the Xi government is not … Read more>>>

Wenzhou real estate

Buyers Now Abandoning Homes in Wenzhou as Prices Slide

Wenzhou real estate

2014/07/23 by Michael Cole Leave a Comment

The city of Wenzhou in Zhejiang province has long been known as a centre for entrepreneurial zeal, but after nearly three years of sliding home prices it is becoming known for something else innovative in China – walking away from your… Read More>>

The city of Wenzhou in Zhejiang province has long been known as a centre for entrepreneurial zeal, but after nearly … Read more>>>

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