Hong Kong’s richest man has started selling homes below the cost of building them, with that story reading Mingtiandi’s headline roundup today. Also making the list, Fitch Ratings downgrades China Longfor to junk status and China Vanke vows to cut… Read More>>
GLP Hits Final Close on China Logistics RMB Income Fund
GLP on Monday announced the final closing of its sixth China income fund with RMB 7.6 billion ($1.05 billion) in assets under management, as the industrial specialist demonstrates its ability to raise funds from local institutions aiming to benefit from… Read More>>
Why the New York Times is Wrong About Evergrande’s $16B “Lifeline”
International media from Bloomberg to the New York Times carried headlines today declaring that Evergrande Real Estate, a Guangzhou-based developer noted for its aggressively leveraged balance sheet, had just received 100 billion yuan ($16 billion) in new credit to prop… Read More>>
China Makes It Easier for Insurers to Invest in Real Estate – and more of Today’s China Real Estate Links | May 16, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
China’s insurance regulator will allow insurers to invest in a wider range of corporate bonds… Read More>>
Agricultural Bank Says China Real Estate Prices Need to Drop 25 Percent
According to analysts from China Agricultural Bank (ABC) real estate prices should be expected to drop another 25% before stabilizing. While these comments are among statements on the country’s property market, coming in an official statement from one of China’s… Read More>>