…ding our partnership with a well-established and experienced operator like Longfor Group, particularly as we embark on our first dedicated rental housing investment in China.” Longfor entered the mainland build-to-rent sector in 2016, but had built only 500 units by the end of 2017. However, by the end of last year, the company run by entrepreneur Wu Yajun had announced its intention to build 50,000 rental homes within the next three years. During…
Search Results for: longfor
Longfor Gets Approval for Property Mgmt IPO and More Asia Real Estate Headlines
…pump some cash into the country’s economy as lockdowns restrict activity. Longfor Ready for $1B Hong Kong Property Management IPO A unit of Chinese developer Longfor Group Holdings got the green light for the largest Hong Kong listing in 7 months in what would be a measure of investor confidence in the troubled sector. The property management subsidiary Longfor Intelligent Living has won approval for an initial public offering (IPO) that may rais…
Longfor Aims for $1B Property Management IPO in HK and More Asia Real Estate Headlines
…h-strapped Kaisa proposes an extension for a dollar bond nearing maturity. Longfor Hopes for $1B Property Management IPO in Hong Kong Longfor Group Holdings is considering an initial public offering for its property management business in Hong Kong that could raise as much as $1 billion, people with knowledge of the matter said. The Chinese real estate developer is working with China International Capital, HSBC and JPMorgan Chase on the proposed f…
Longfor Co-Founder’s Junson Capital Buying $800M in US Hotels From MassMutual’s Barings
…Junson Capital, a private equity real estate investment firm controlled by Longfor Properties co-founder Cai Kui is buying a portfolio of US hotels from MassMutual’s Barings subsidiary for as much as $800 million, according to media reports. Barings’ sale of The Motif Seattle hotel has already been registered with authorities in Washington’s largest city, with US real estate media outlet The Registry reporting that Junson Capital had purchased the…
Country Garden, Longfor, Midea Selling $295M in Bonds to Prop Up Industry
…est developers (Getty Images) Mainland developers Country Garden Holdings, Longfor Group and Midea Real Estate Holdings announced plans Monday to issue domestic bonds, with the combined RMB 2 billion ($295.4 million) barrage of local financing seen by analysts as a government-sponsored attempt to stimulate lending to the property sector. The companies, three of the largest builders in the country, unveiled the plans in separate filings to the Hong…
Longfor Sees Profit Jump to RMB 3.85 Bil
…Longfor Properties said net attributable profit rose slightly to 3.85 billion yuan, in the first half of this year and was cautiously optimistic about prospects for the sector despite government attempts to rein in property prices. In the year earlier period, the mainland based property developer and investor announced a 3.81 billion yuan profit. Read More>>…
Beijing Wall’s Downfall Prompts China Housing Policy Debate
…t often co-exist in the same compound. Housing Price Points Diverge Across Longfor’s Gate Commercial apartments in the Longfor development are priced at about RMB 70,000 ($10,835) per square metre. On the other side of the wall (which was later restored), units for non-investment purposes are sold at around RMB 22,000 per square metre. Housing for non-investment purposes is a regulatory category in Beijing. In order to acquire land, property devel…
Asia Real Estate People in the News 2022-03-07
…chief executive. The graduate of Beijing’s Renmin University has been with Longfor Group since 2006 The management transition at Longfor Group also involves the Hong Kong-listed developer appointing Chen Xuping, age 40, as its new chief executive. Chen, who is already an executive director with the company, originally joined Longfor Group in 2008 and was appointed as chief operating officer in August 2021 – the same time that the Tsinghua Universi…
China Turns to Witchhunt to Burst Bubble and More Asia Real Estate Headlines
…ssion and the Ministry of Housing and Urban-Rural Development. Read more>> Longfor Focusing On Suburban Malls and Co-Working Longfor’s expansion has lagged some of its rivals, it has received recognition from the capital market for its strong financial position, earning one of the highest ratings of any private mainland Chinese developers. The company is now speeding up its expansion into shopping malls in an effort to generate more stable forms o…
Junson’s Cai Pegged as Buyer of HK$1.4B Peak House and More Hong Kong Real Estate Headlines
…this week. All these stories and more await you, if you just keep reading. Longfor Co-Founder Outed as Buyer of HK$1.4B House at the Peak Cai Kui, co-founder of Longfor Properties and the ex-husband of Wu Yajun, is said to be the buyer behind the March transaction of Asia’s second-most expensive house in terms of price per square foot. Cai paid HK$1.39 billion, or HK$151,785 ($19,400) per square foot for the house in the project Mount Nicholson on…
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