Dalian Wanda boss Wang Jianlin has been forced to scale back his ambitions and sell off overseas and non-core assets in the past two years, but his flagship real estate operation still has more than twice the operating revenue of… Read More>>
Poly Property Wins Kowloon Residential Project for HK$3.3B
The Hong Kong Lands Department on Wednesday announced that a subsidiary of China Poly Property, has won a tender for a 3,689-square-metre (39,708 square feet) residential site in Yau Tong, in the southeastern end of Kowloon.
Poly Property, China’s fourth… Read More>>
Yuzhou Properties Buys Seven Mainland Projects for $591M
Chinese developer Yuzhou Properties said on Monday it would buy seven mainland projects from competitor Coastal Greenland for RMB 3.8 billion ($591 million), according to a filing to the Hong Kong stock exchange.
The portfolio, which spans more than 3.13… Read More>>
Shanghai Retreats From Commercial-Titled Apartment Ban After Protests
The Shanghai government today announced modifications to its rules punishing owners and developers of commercial-titled apartments after hundreds of homebuyers protested the policy measures over the weekend.
In a statement posted on the city’s Housing and Urban-Rural Development office website… Read More>>
Mainland Buyers Scooped Up 45% of HK’s Land and 64% of Offices Sold in 2016 1H
If residents of Hong Kong feel like mainlanders are buying up half the town, they might not exaggerating, as recently released research shows that developers and investors from north of the border have scooped up most of the office space… Read More>>
China’s Greenland Group to Go Public Via Backdoor Listing
China’s largest property developer by sales will finally be listed on a mainland exchange after Greenland Group received approval last week from Chinese authorities to inject assets into Shanghai Jinfeng Investment.
The backdoor listing will create China’s largest listed real… Read More>>
Developer Country Garden Sells $900M Bond
Chinese real estate developer Country Garden Holdings sold a $900 million five-year bond on Thursday as the Guangzhou-based firm continues to restructure its financing in the face of China’s property slowdown.
The top-ten China developer’s latest bond issue was priced… Read More>>
Agile Announces Rights Issue and 2nd Disappearing Director on Same Day
Troubled China real estate developer Agile Properties announced on Thursday that a previously planned rights offer is back on the table. The plan to raise HK$1.65 billion ($213 million) seems more challenging than ever, however, as the Hong Kong-listed property… Read More>>
Poly Property Says Profits Fall 42% as Finance Costs Rise
Caught between rising financing costs and slowing sales, Poly Property announced today that its profits for the first half of 2014 had fallen by 42.2 percent compared to the same period last year. China’s second-largest developer by sales, the state-backed… Read More>>
Vanke Selling More Homes Thanks to Price Cuts
China’s biggest developer has sold more homes than ever in 2014, but is seeing profit growth compressed by the nation’s housing slump and discounting, according to results released this week by China Vanke.
The Shenzhen-based real estate company declared its… Read More>>
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