Hong Kong-listed developer China Jinmao announced to the stock exchange on 27 July that it has agreed to sell a combined stake of nearly 25 percent of the company to Ping An Life and New China Life Insurance for a… Read More>>
China Jinmao Selling Xiamen Homes for Less Than Land Cost as Market Skids
Demand for homes is slipping in mainland China and state-owned China Jinmao Holdings seems to be finding out how low prices can go as the developer has begun selling homes at a project in Xiamen for less than the price… Read More>>
China Railway Construction Stars as Beijing Sells Trio of Sites for RMB 7.9B
Restrictions on China’s real estate market have not completely snuffed out developer demand for new sites, as Beijing last week successfully sold a trio of suburban land plots, fattening the city’s coffers by a total of RMB 7.95 billion ($114.72… Read More>>
Dr M Takes Aim at Belt and Road Projects in Malaysia and More Asia Real Estate Headlines
Leading today’s roundup, after being elected on an anti-corruption mandate, Malaysian prime minister Mahathir Mohammed says his government will renegotiate billions of dollars of Chinese infrastructure projects in the Southeast Asia nation. Also in the news, Amazon’s cloud computing arm… Read More>>
China Jinmao, UK’s Eden Project Plan Indoor Niagara Falls in Qingdao
Property developer China Jinmao is teaming up with British educational charity Eden Project International to build the world’s highest indoor waterfall in the northeastern city of Qingdao.
Through the deal, Shanghai-based China Jinmao will help the UK foundation set up… Read More>>
Blackstone Vies With ADIA for $250M India Business Park and More Asia Real Estate Headlines
At the top of the news, Blackstone is reportedly dueling with sovereign wealth fund ADIA for a $250 million business park in Mumbai, as the New York-based asset management giant looks to add to its $3 billion of investments in… Read More>>
CK Property To Miss 2016 Sales Target After Bumpy Year And More Asia Real Estate Headlines
Today’s headlines prove that even Superman stumbles from time to time, after Li Ka-shing’s CK Property announced it will fail to hit its sales target for this year. Also making news today, China Jinmao spends big to get its hands… Read More>>
Macquarie and China Jinmao Team Up For International Real Estate Investment Platform
In a case of “I’ll scratch your back if you scratch my back”, Australia’s Macquarie Capital is partnering with China Jinmao to launch a real estate investment platform. The proposed investment vehicle would provide Macquarie with access to mainland investors,… Read More>>
3 Developers Report Rising Profits Despite Sales Challenges
Despite falling home prices and credit challenges three China real estate developers this week reported jumps in profit reaching 63 percent in the first half of 2014.
Country Garden Holdings, China Resources Land and Franshion Properties all reported their first… Read More>>
Franshion Properties Raises $414M in Jinmao Hotel Group IPO
Chinese hotel development group Jinmao Investments and Jinmao (China) received a lukewarm welcome in its debut on the Hong Kong stock exchange yesterday, raising HK$3.2 billion ($414 million) in an undersubscribed IPO.
The spin-off of hospitality assets from mainland developer… Read More>>
