China’s biggest commercial developer is ready to boost an offer to its Hong Kong shareholders, just as mainland authorities begin to look more closely into Chinese companies seeking to move their stock listings back home from overseas. Meanwhile, over in New York, Greenland Forest City has confirmed plans to sell off a stake in its multi-billion dollar Pacific Park project, and much more – if you just read on.
Chinese property-and-entertainment conglomerate Dalian Wanda Group Co. is close to announcing a sweetened offer to buy out shareholders of its $4 billion-plus commercial-property arm.
Wanda, controlled by Chinese billionaire Wang Jianlin, is likely to raise the offer for Hong Kong-listed Dalian Wanda Commercial Properties Co. by about 10%, according to people familiar with the matter. Read more>>
China’s securities regulator is investigating concerns over speculative buying linked to buyouts of foreign-listed Chinese companies aimed at relisting them on domestic exchanges, often at much higher valuations.
The agency “will launch an in-depth analysis and research on similar companies’ return to domestic markets via initial public offerings and mergers,” China Securities Regulatory Commission spokesman Zhang Xiaojun said at a regularly scheduled news conference. Read more>>
Forest City Realty Trust used its first quarterly earnings call as a real estate investment trust to acknowledge reports that it’s marketing a stake in the sprawling Pacific Park development in Downtown Brooklyn and offer its outlook on a Brooklyn rental market that some observers think is slipping into oversupply.
The company — known as Forest City Enterprises before its conversion to a REIT in January — and its Pacific Park joint venture partner Greenland Group are currently shopping a “very significant” equity stake in several of the 15 buildings planned at the project, as The Real Deal reported last month. Read more>>
China’s property prices may slip in the second half of 2017 if the overall economic growth rate keeps sliding, a prominent government think-tank said on Thursday.
“If macroeconomic growth continues to slide, property prices may once again fall overall in the second half of 2017,” the Chinese Academy of Social Sciences (CASS) said in its “blue book” report on China’s property market. Read more>>
Home prices in four cities close to Shenzhen have surged just as the southern city’s housing market sees its first signs of cooling after a long period of feverish growth.
Huizhou, Dongguang, Zhuhai and Zhongshan were among the top 10 cities nationwide in which home prices grew the fastest in April, according to the China Index Academy, a real estate information provider. Read more>>
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