Here is a list of the day’s latest China real estate news collected from around the web:
Construction at a 10 billion yuan (HK$12.44 billion) site on Shanghai’s Bund is likely to be delayed as two prominent developers – Fosun International (0656) and SOHO China (0410) – fight for control.
Fosun filed a lawsuit in May against SOHO China and two other firms – Shanghai Zendai Property (0755) and Greentown China Holdings (3900). The three parties were alleged to have violated Fosun’s pre-emptive acquisition rights of the Bund plot.
Shui On Land Ltd. (272) is marketing dollar-denominated bonds after debt costs for Asian borrowers in the U.S. currency fell for a second consecutive week.
The Shanghai-based developer controlled by Hong Kong billionaire Vincent Lo plans to sell perpetual notes yielding about 10.5 percent via one of its units, a person familiar with the matter said. The average yield premium on Asian dollar bonds fell 4.6 basis points last week to 265.1 basis points more than Treasuries, an HSBC Holdings Plc index shows.
Home prices in major Chinese cities rose for a sixth consecutive month in November, further evidence that the nation’s housing market is regaining its health.
The gains accelerated from October but analysts said they remained tolerable to Chinese policy makers who have fought for nearly three years to keep prices in check.
Langham Hospitality Group, owned by Hong Kong developer Great Eagle, has quickened its expansion as it takes on international rivals Marriott and Sheraton in the increasingly competitive mainland hotel market.
Worries about a room glut are mounting but chief executive Brett Butcher said the company, which aimed to have 50 mainland properties under its stewardship, could gain the upper hand over its Western competitors as it offered better food and services to Chinese customers.