A Shenzhen-listed developer of industrial estates leads the way in Mingtiandi’s roundup of real estate headlines today as it files paperwork to float a real estate investment trust in Hong Kong, with sources expecting up to $800 million to be… Read More>>
China Evergrande Profit Halves in H1 as Market Curbs Hit Sales
Just over two weeks after China Evergrande Group warned shareholders of falling profits for the period up to the end of June, the country’s third-largest developer by sales has posted its first drop in returns since 2016.
The Shenzhen-based real… Read More>>
Mirae Named Preferred Buyer for $5.5B Anbang Portfolio and More Asia Real Estate Headlines
The latest chapter in the saga of a US hotel portfolio belonging to a naughty mainland insurer leads Mingtiandi’s roundup of real estate headlines today with the news that a South Korean financial services group has been named the… Read More>>
China Vanke H1 Net Profit Surges 30% to RMB 11.8B
China Vanke, the country’s second largest developer by contracted sales, has posted a 30 percent surge in net profit attributable to shareholders for the first half of the year, according to a stock exchange announcement.
Despite cooling measures implemented by… Read More>>
Luckin Coffee Q2 Losses Hit $92M and More Asia Real Estate Headlines
Caffeine wars lead the way in Mingtiandi’s roundup of real estate headlines today as China’s pretender to the Starbucks throne roasted $92 million this past quarter in a bid to catch up with the US coffee titan.
In other news… Read More>>
Wanda Sports Shares Fall 36% on Debut and More Asia Real Estate Headlines
A disappointing Nasdaq IPO leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a mainland developer’s sports and media arm saw its shares drop by more than a third after scaling back the… Read More>>
Sunac Buys 3 Projects From Troubled Competitor for RMB 6.7B
Sunac China Holdings has acquired a set of three projects from financially troubled mainland competitor Xinhu Zhongbao (600208.SH), adding one million square metres (10.8 million square feet) to its land bank, as the developer continues to ramp up its project… Read More>>
China Home Price Growth Slows as Cities Re-Tighten Regulatory Grip
Growth in China’s housing prices slowed in June with fewer cities reporting increases in home as local governments tightened property curbs to prevent the housing market from overheating.
Among 70 cities tracked by the National Bureau of Statistics, 63 of… Read More>>
Mapletree REIT Plans SG Tech Hub and More Asia Real Estate Headlines
A Singapore industrial REIT’s plans for a $193 million high-tech complex near the city’s east coast lead Mingtiandi’s news roundup today, as the Southeast Asian financial hub’s Kallang area prepares for its latest upgrade.
Meanwhile the Lion City’s largest developer… Read More>>
China Property Data Roundup – October 2018
This is the week that China issues its latest batch of monthly data on the real estate sector, as tighter policy enforcement in the country’s major cities leads to fewer home sales and less investment, while prices rise in smaller… Read More>>
