Here is a list of the day’s latest China real estate news collected from around the web:
China Vanke Co Ltd, the country’s largest real estate developer by turnover, more than doubled sales in November from a year earlier to 17.13 billion yuan ($2.75 billion).
For the first 11 months, sales rose 9.9 percent to 127.2 billion yuan, it said in a statement to the Shenzhen stock exchange on Tuesday.
An increasing number of mainland developers turn to Hong Kong for fund raising as regulators tighten their grasp across the border. Wang Ying reports.
Cash-starved mainland property developers started flocking to the Hong Kong Stock Exchange with initial public offerings to finance their expansion plans, after it became increasingly hard for them to go public on the Chinese mainland. Regulatory approval on the mainland is increasingly hard to come by.
Chinese property developer Country Garden Holdings Co Ltd formalized on Tuesday a deal to buy a 22-hectare prime waterfront land in southern Malaysia’s Johor state for almost one billion ringgit (328.6 million U.S. dollars).
The purchase was the largest single investment to date in the Iskandar Waterfront development opposite of Singapore.