…fortune of RMB 175 billion ($25 billion), Yang Huiyan, vice-chairwoman of Country Garden, has been crowned China’s richest woman for the third consecutive year, according to the Hurun Richest Women in China 2019 list released by Hurun Research Institute. Wu Yajun, chairwoman of Longfor Properties, ranked second with a personal wealth of RMB 85 billion, followed by Zhong Huijuan, chairwoman of Hansoh Pharmaceutical Group, with 84 billion yuan. Read…
Search Results for: longfor
GIC Buys 50% Stake in Beijing Office Building for RMB 3.03B
…Capital Land sold a 51 percent stake in a commercial segment of the project, which includes two office towers and a retail centre to Longfor Properties for RMB 598 million….
Asia Real Estate People in the News 2020-03-02
…r roles for major property development companies including Fosun Property, Longfor Properties and China Resources Land. Chen’s appointment came as Zhang Yuanlin relinquished his role as Sinic’s CEO and chairman with the incumbent now serving as co-chairman and executive director. Kent Wong has stepped up to senior director with Kerry Properties’ asset management division in Hong Kong, after two years as a director. Prior to that, Wong had served a…
Evergrande Holds on to Crown as China’s Top Developer Despite 2019 Slowdown
…efore. Propping up the top 10 for the second year running, Chongqing-based Longfor’s contracted sales also increased by 20 percent to RMB 170.35 billion. Tightening Controls Keep Growth in Check As China’s central government kept measures in place to control home prices and dampen speculation throughout 2019, the country’s largest developers continued to consolidate their share of the market, according to Savills. Data from the property consultanc…
ARA, Chelsfield Get S$385.8M Green Loan for SG Project and More Asia Real Estate Headlines
…23,000 square feet. Read more>> Keppel Land China Sells Chengdu Project to Longfor for RMB 1.26B Keppel Land China, a subsidiary of Keppel Land, is divesting its 100 percent stake in Chengdu Hilltop Development Co Ltd for an aggregate amount of RMB 1.26 billion ($190 million). The transaction, entered into by Keppel Land China’s subsidiary Hillwest Pte Ltd, is expected to earn the company a divestment gain of approximately S$43 million ($31.9 mill…
Wanda Topped Mainland Commercial Developers Again in 2020 Despite 13% Income Drop
…ed to eke out 2.57 percent growth to reach RMB 12.46 billion for the year. Longfor Group, which operates a chain of Paradise Walk shopping centres and has also expanded into rental apartment properties in recent years, ranked fourth at RMB 8 billion in operating income after scoring 36.8 percent growth in 2020. Source: CRIC China Poly Property, which owns an extensive chain of hotels on the mainland, slid from fourth place in the 2019 rankings to…
Evergrande Held Spot as China’s Biggest Developer in 2020 as Profit Fell 26%
…hareholders (Source: CRIC) Among the elite group returning from 2019, only Longfor Properties slipped out of the top decile as it slid from tenth place last year to the eleventh spot in 2020, despite growing its sales by over 10 percent. China’s top developers became more aggressive with their sales policies in 2020, expanding online sales channels to overcome COVID-19 restrictions on physical visits, and began offering steeper discounts, includin…
China’s CreditEase Hires Mapletree Vet John Yip in Singapore
…gether with local players including CICC, Hony Capital, Sinochem Huili and Longfor Properties. On the international side, it has backed projects together with ARA Asset Management, ESR, IDG Capital and CBRE Global Investors. With most of its projects to date focused on China, CreditEase has taken stakes in developments across the commercial, residential and industrial sector. Now, PeakVest seeks to build on these existing partnerships and source n…
Evergrande Transfers Cash to Avoid Bond Default and More Asia Real Estate Headlines
…auges tracking the sector adding at least 2 per cent on Thursday (Oct 21). Longfor Group Holdings rose 7.6 per cent at the close while China Resources Land added 3.5 per cent, among the top contributors to the Hang Seng Index. Read more>> Singapore Home Prices Set on Track for 6.7% 2021 Price Gain The private housing market in Singapore may well end this year on a high note, as the economy continues to recover while the luxury and rental segments…
Country Garden China’s Top Developer for 2021 After Evergrande Sales Fall 39%
…ts with sales climbing 29 percent to RMB 204 billion. Privately controlled Longfor Group also managed to increase its sales by 6.5 percent to RMB 203 billion in 2020 to take the 10th spot on the list, behind China Resources Land in eight place and China Merchants Shekou in ninth. The strong performances by the rising trio helped to push Shimao Property, China Merchants Land and Future Land Development from the top decile of the league table. Maint…
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