Hong Kong’s home prices have come under pressure from rising US rates, but at least one banker sees mainland demand keeping the city’s housing costs at their usual nosebleed levels. Also in the headlines, Wanda and R&F Properties sign an… Read More>>
Why HK’s Stamp Duty Doesn’t Apply to the Uber-Rich and More Asia Real Estate Headlines
Hong Kong slapped a 15 percent stamp duty on home sales this autumn, but the city’s elite – along with their mainland cousins – have quickly found a way around that market curb. Also in the news, “universal insurance” is… Read More>>
Evergrande Insurance Banned From Buying Shares Following Blitz on Vanke
China’s insurance regulator announced on Friday that it has suspended Evergrande Life, the insurance subsidiary of billionaire property developer Xu Jiayin’s China Evergrande Group from investing in the nation’s stock markets.
In a statement published on the China Insurance Regulatory… Read More>>
Greenland London Project Sells £260M in First Five Weeks and More Asia Real Estate Headlines
Asia’s real estate giants were busy on Monday, with China’s Greenland Group announcing strong sales in London, the mainland government clamping down on “innovative financing” for corporate takeovers, and ARA Asset Management getting an important thumbs up for its privatisation… Read More>>
China Life Endorses Wanda’s $4.4B HK Buyout Plan and More Asia Real Estate Headlines
Wang Jianlin took another step toward his dream of privatising his Wanda commercial property business this week when the $4.4 billion plan received backing from one of his biggest shareholders, while the wannabe entertainment impresario made what is said to… Read More>>
CSRC Warns Against Using Insurers as ATMs in Vanke Battle
China’s securities regulator has sent formal notices to both China Vanke and its unwanted suitor, Baoneng Group, for violations related to the ongoing takeover battle for the mainland’s biggest property developer.
Just days after Vanke chairman Wang Shi had called… Read More>>
China Property Investment Slows to 6.1% and More Asia Real Estate Headlines
The latest numbers on mainland property investment and homes sales are in, with the Chinese real estate market showing signs of cooling down after a torrid first half. Meanwhile, the region’s biggest REIT goes green for a $500 million bond,… Read More>>
How China Resources Funded Baoneng’s Attempted Takeover of Vanke
A brief calm in the ongoing battle between Vanke founder Wang Shi and the company’s largest shareholder, Baoneng Group, was broken today when an independent member of the Chinese developer’s board confirmed that Baoneng’s Vanke share purchases had been funded… Read More>>
Top Think Tank Warns of Mainland Property Correction and More Asia Real Estate Headlines
Some of China’s biggest developers are raising their 2016 sales targets after a hot first half – just in time for a downturn projected by one of the country’s top think tanks. Meanwhile, the Vanke battle continues as the Baoneng… Read More>>
China Vanke Signs $9.2B Deal to Make Shenzhen Metro Its White Knight
China Vanke, the mainland’s largest developer by sales, has signed an agreement with Shenzhen’s subway operator to buy a portfolio of sites from the state-owned firm in exchange for Vanke shares.
The deal, which is valued at up to RMB60… Read More>>