…end were insufficient to overcome a $4.6 million case of buyer’s remorse. Longfor co-founder Cai Kui paid a record HK$151,785 per square foot for a Mount Nicholson home last year The agreed price for the luxury home was already 7.4 percent less than the HK$97,695 per square foot paid for the nearly identical 7,984-square-foot “House No. 17,” which sold for HK$780 million in April. In March, Longfor Properties co-founder and Junson Capital boss Ca…
Search Results for: longfor
Home Prices Rose in China’s Biggest Cities in December and More Asia Real Estate Headlines
…rat with a total leasable area of 1.5 million sq ft. Read more>> Sunac and Longfor Bosses Part of China Family Trust Rush Four Chinese tycoons transferred more than $17 billion of their wealth into family trusts late last year, underscoring how the rich are scrambling to protect their fortunes from the nation’s newly toughened tax regime. The latest example came from billionaire Sun Hongbin, chairman of real-estate developer Sunac China Holdings L…
32% Growth Helps Country Garden Lead China’s Top 10 Developers for 2018
…through 10th places had been held by Greenland, China Overseas Properties, Longfor Property, China Fortune Land Development and China Resources Land, with Longfor and China Fortune Land getting pushed out of the top ranks after failing to keep pace with Future Land and Shimao. Joining the RMB 100B Club Despite a clampdown on mortgage lending and stricter enforcement of home purchase restrictions in the second half of 2018, 30 of China’s biggest de…
Blackstone Completes €66M European Shed Deal and More Asia Real Estate Headlines
…result of stay-at-home orders to stop the spread of COVID-19. Read more>> Longfor Posts 21% Rise in Core Profit for 2019 Mainland developer Longfor Group said its core profit grew by 21 percent last year to RMB 15.6 billion ($2.2 billion). Core earnings per share were RMB 2.66, up by 20.7 percent from 2018. The company declared a full-year dividend of RMB 1.2, up 21.2 percent from a year ago. Read more>> CDL Halts New Zealand Projects After Lockd…
JD.Com Said Buying Wanda Billing Platform for $230M and More Asia Real Estate Headlines
…le, who asked not to be identified discussing private matters. Read more>> Longfor, KWG Hong Kong Projects Flop as Buyers Stay Home Hong Kong’s avid homebuyers stayed on the sidelines for the first big sale of flats on Thursday after the government relaxed social distancing measures, reluctant to spend on big ticket items as the economy shows no signs of emerging from a recession that has stretched into four quarters. As of 6pm, mainland developer…
Evergrande Founder Plunges to 70th Spot Among China’s Richest Billionaires
…in total wealth. Trailing behind is Wu Yajun of Hong Kong-listed developer Longfor Properties in the 34th spot; Evergrande’s Xu in 44th place; Cai Kui of Longfor Properties at 70th; Hui Wing Mau of Shimao Property Holdings at 71st; Hopson Development’s Chu Mang Yee at 78th; Logan Property Holdings’ Kei Hoi Pang at 92nd; and the family estate of the late Zuo Hui of KE Holdings at 95th. Property Tycoons Now Also-Rans Before the credit crunch hounded…
Asia Real Estate People in the News 2022-01-03
…regional personnel moves in 2022, with Agile Group, Greentown Services and Longfor Group all reaching for new leadership as the industry’s debt crisis grinds on. Also in the news, a CapitaLand-managed Malaysian REIT has gambled on a new chief executive and the Temasek-backed group has also named a pair of independent, non-executive directors to its CapitaLand Investment business as it seeks to move beyond its former identity as a developer. Agile…
China Dominates List of Global Real Estate Billionaires, Led by HK’s Li Ka-shing
…lock and Chinese Estates and mainland developers Country Garden, Wanda and Longfor. But the average wealth of Chinese listees shrank by 3 percent last year, while that of the Americans shot up 10 percent. “The threshold for the Hurun Global Real Estate Rich List 2022 was $2.8 billon, and the total wealth of the world’s top 100 entrepreneurs in real estate was $663 billion,” Hurun said. Divergent Fortunes The 94-year-old Li Ka-shing maintained his…
Ascott Residence Trust to Buy 9 Overseas Assets and More Asia Real Estate Headlines
…s for onshore bond issuance by a few private property developers including Longfor Group and CIFI Holdings, according to 4 sources with knowledge of the matter. The support from the state comes amid mounting concerns that a deepening debt crisis and defaults in the sector could impact property developers that have been regarded as financially sound. Read more>> Chinese Developer Bonds and Stocks Soar On Reports of State Help China’s embattled deve…
Blackstone Said Selling Stake in Embassy REIT and More Asia Real Estate Headlines
…B, which is one of China’s big four state-owned lenders. Read more>> CIFI, Longfor, 3 Other Developers Bag $873M Via State-Backed Bonds CIFI Holdings Group, Longfor Properties and three other private Chinese real estate developers have issued RMB 6.2 billion ($873 million) worth of bonds in the past month that have been granted “full, unconditional and irrevocable” guarantees by a state-owned credit enhancement body, Yicai Global learned from an i…
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