Developer half-year financial results continue to dominate the headlines today, as both Sunac China and Hong Kong’s Sino Land report in with big jumps in profit driven by strong sales in the first six months of 2018. Down in Singapore… Read More>>
Evergrande Proposes $2.14B Dividend and More Asia Real Estate Headlines
China and India lead the region’s real estate news today as the mainland’s second-largest builder by sales proposes to share $2.14 billion in profits with its shareholders and one of India’s heavyweights prepares to share its winnings with its major… Read More>>
CIC, Hillhouse Plot $13B Buyout of Yum China and More Asia Real Estate Headlines
It’s bring your billions to the table week in Asia as an investment consortium led by Zhang Lei’s Hillhouse Capital assembles capital intensive dream team to buy China’s collection of KFC, Pizza Hut and Taco Bell stores, at the same… Read More>>
Evergrande Leads China’s Real Estate Winners with 125% Jump in Profit in 2018 1H
China’s top two developers saw their profits grow by at least 50 percent in the first half of the year, according to financial results released this week.
Guangdong-based Country Garden and Shenzhen’s Evergrande, China’s two largest real estate developers in… Read More>>
HNA Pawns HK$506M Peak Mansion for Short-Term Loan and More Asia Real Estate Headlines
Hangovers suffered from China’s cross-border buying binge dominate the real estate news across the region today, with familiar players HNA, Country Garden and CCCC taking leading roles in some financial drama. A day after HNA reported the untimely death of… Read More>>
Evergrande Takes the Wheel at Faraday Future With $2B EV Investment
Mainland China’s second-largest property developer by sales is buying a controlling stake in Jia Yueting’s Faraday Future for HK$6.75 billion ($860 million) as it takes on a commitment to invest some $2 billion in the flailing Los Angeles-based electric car startup.
Suning Inks RMB 20B Smart Mall Joint Venture with China Evergrande
Chinese retailer Suning.com is setting up a RMB 20 billion ($3 billion) joint venture with Evergrande Real Estate Group to develop commercial plazas to promote its smart retail services. The retailer will invest RMB 9.8 billion for a 49 percent… Read More>>
Evergrande Takes Over $2B Commercial Project in Shanghai’s Hongqiao Area
China Evergrande, the country’s second-biggest developer by sales, is reported to have taken over a stalled RMB 13 billion ($2 billion) commercial project near the Shanghai Hongqiao International Airport.
Evergrande is now the owner of the project, Hongyuan Shengshi International… Read More>>
Evergrande Finds New Funding With Approval of $1.6B in Rental Housing-Backed ABS
China’s second-biggest developer by sales is making its first foray into the country’s rental housing market, as the Shanghai Stock Exchange gives the green light for China Evergrande to issue RMB 10 billion ($1.6 billion) worth of asset-backed securities linked… Read More>>
Real Estate Agency E-House China Files for Hong Kong IPO
Less than two years after delisting from the New York Stock Exchange, China’s largest real estate agency has submitted an IPO application to the Hong Kong Stock Exchange, according to a statement uploaded to the exchange’s website.
E-House China, which… Read More>>
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