Mainland commercial developer Joy City has agreed to sell a 49 percent stake in six mixed-use projects in China to an investment fund to be controlled by Singapore’s GIC and mainland insurer China Life for RMB 9.29 billion ($1.4 billion).
Vanke Slows Investment as Profits Rise But Margins Tighten
Third quarter financial results released by China Vanke show what might be the best case scenario for the country’s real estate developers, and it’s not all that rosy.
In a statement to the Hong Kong stock exchange, the Shenzhen-based builder… Read More>>