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Asia Pacific real estate investment news and information

Evergrande Jumps into Water Biz with RMB5.7B in Orders

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Not content with being China’s second largest real estate developer or winning the AFC Champions League soccer crown, Guanzhou-based Evergrande Group announced orders worth RMB 5.7 billion ($940 million) for its new bottled water brand, Evergrande Spring over the weekend.

At a ceremony in the city of Qingyuan in Guangdong, the company’s chairman, Xu Jiayin announced plans to…

Not content with being China's second largest real estate developer or winning the AFC Champions League soccer crown, … Read more>>>

China Developer Poly Real Estate Reports 27 Percent Profit Jump

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Poly Real Estate Group, China’s second-largest property developer by market value, announced on Thursday that its net profits for 2013 surged 27.63 percent year on year to 10.77 billion yuan (1.77 billion U.S. dollars).

The company’s business income rose 34 percent from one year earlier to 92.33 billion yuan last year, it said in a report filed to the Shanghai Stock Exchange.

Poly Real Estate Group, China's second-largest property developer by market value, announced on Thursday that its net … Read more>>>

Greenland Holding Could IPO in 1st Half of 2014

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China’s Greenland Holding Group could complete its domestic listing by the first half of this year, its chairman said on Friday.

Such a move—which would require government approval—could make the acquisitive state-controlled company the first property developer to list on mainland China since 2010.

China's Greenland Holding Group could complete its domestic listing by the first half of this year, its chairman said on … Read more>>>

Booming Tech Firms Redrawing China’s Office Map

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China’s tech industry has been growing at double-digit rates for many years now, and the expansion of the country’s technology giants has started to have an impact on the office real estate market.

Examining the effect of the industry on Beijing’s Zhongguancun, a centre for high-tech firms, the Wall Street Journal finds that,

China's tech industry has been growing at double-digit rates for many years now, and the expansion of the country's … Read more>>>

Developer Evergrande 2013 Sales Hit RMB 100.4 Billion

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China’s Evergrande Real Estate became the third of the country’s major developers to declare 2013 sales in excess of RMB 100 billion this week, when the Hong Kong-listed company announced revenues of RMB 100.4 billion.

The company, which last month announced plans for setting up joint venture hospitals in China with America’s Harvard University, is

China's Evergrande Real Estate became the third of the country's major developers to declare 2013 sales in excess of RMB … Read more>>>

Li Ka-shing Continues to Dump China Assets with RMB 3 bil Nanjing Sale

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Asia’s richest man, Li Ka-shing continued to retreat from the mainland property market by selling a Nanjing commercial building recently for RMB 3 billion.

China’s Xinhua news agency reported on January 1st that mainland conglomerate SanPower Group indicated it had… Read More>>

Asia's richest man, Li Ka-shing continued to retreat from the mainland property market by selling a Nanjing commercial … Read more>>>

Developer Greenland Raises RMB 11.73 Bil in Equity Sale

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The overseas acquisitions of China’s most adventurous real estate developer seem to be paying off as Greenland Holdings recently raised RMB 11.73 billion (US$1.93 billion) from five domestic investors.

The share sale to a group of domestic Chinese investment funds… Read More>>

The overseas acquisitions of China's most adventurous real estate developer seem to be paying off as Greenland Holdings … Read more>>>

Will China’s Real Estate Firms Drive Up Interest Rates?

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China’s cash-strapped real estate developers could move borrowing costs internationally as the consolidating industry struggles with tighter domestic credit markets, and rapidly rising land prices.

According to Moody’s Investors Services, China’s real estate firms sold $17.88 billion of the notes… Read More>>

China's cash-strapped real estate developers could move borrowing costs internationally as the consolidating industry … Read more>>>

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