Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Sales of Shanghai Homes Jumped 20 Percent Last Week
Sales of new homes in Shanghai surged 20 percent by area last… Read More>>
Shenzhen Says Some Project Freezes Are Routine
Authorities in Shenzhen finally shed some clarity late yesterday on the government freezes of property sales that have shaken the country’s real estate firms, saying that at least some of the regulatory moves were routine.
According to a statement on… Read More>>
China Property Crisis Spreads As Government Locks Down More Projects
Investors in China’s real estate market scrambled to figure out which investments might be safe today as a total of six real estate developers are now said to have had sales frozen by the government. The unexplained official crackdown now… Read More>>
Moody’s Predicts Upswing in China Housing Sales
The Chinese government recently unleashed a barrage of measures to prop up demand for housing following several months of falling prices and slowing sales, and at least one international ratings agency believes this is about to start turning the market… Read More>>
Profits for China’s Biggest Builder Up 34% on Overseas Deals
China’s largest construction conglomerate, China State Construction Engineering (CSCEC), saw its profits rise by 34.4 percent during the first half of 2014, compared to the same period last year. While still a small percentage of its business, the company’s strongest… Read More>>
China Developer Reports 31% Profit Drop as Small Companies Struggle
China Overseas Grand Ocean Group, one of China’s smaller listed developers, reported a 31 percent drop in net profit during the first half of 2014, and the company’s performance seems to confirm the diverging fortunes of the haves and the… Read More>>
5 China Developers Jump Back into Regional Bond Market
Following Poly Real Estate’s successful bond offering on April 16th, China’s real estate companies are heading back to the international bond markets for financing, with three large developers pricing securities last week and two more said to be preparing debt… Read More>>
Developer Stocks Soar After Media Reports of Breaks in Real Estate Rules
Poly Real Estate led China’s major real estate developers in a sudden stock rally following reports in the official media that two of China’s largest second-tier cities would be relaxing restrictions on home purchases.
The Guangzhou-based property firm was up… Read More>>
Chinese Company Defaults – Developer Stocks Rise
China saw its second commercial bond default within a month on Friday when a Jiangsu construction company failed to make an interest payment on a RMB 180 million (US$29 million) bond, and the country’s financial markets reacted by climbing during… Read More>>
Home Sales Figures Drop 5% as Developers Get Gloomy
The value of home sales in China totaled only RMB 598.5 billion during the first two months of 2014, representing a five percent drop from the same period a year ago, as clampdown on credit starts to reduce the number… Read More>>
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