New York Stock Exchange-listed developer Xinyuan Real Estate (NYSE:XIN) announced on Friday that its contracted sales had dropped to $273.9 million in the first quarter of this year, a 53 percent fall compared to the same period last year,… Read More>>
Greentown Selling Shares to Sunac Amid Market Slowdown
While China’s real estate market slump has meant trouble for some investors, many companies continue to see it as an opportunity to shop for deals that might never be available in a bull market.
Tianjin-based developer Sunac is taking advantage of… Read More>>
China Top 100 Developer Denies Reports of Collapse
A Shenzhen-based real estate developer announced on Wednesday that it was not about to collapse, despite being beseiged by unhappy customers after failing to deliver homes which buyers had already paid for.
Shenzhen Guang Group Real Estate, which is said… Read More>>
Chinese Investment in Overseas Residential Deals Jumps 80% in Q1
Chinese outbound investment in real estate in the first quarter of this year increased by 25 percent compared to the same period of 2013, but the big story is the 80 percent jump in spending on overseas residential development projects.
Vanke Exec Says Home Prices Have Peaked as Revenues Drop 32%
A top official from China’s largest real estate developer by sales is saying privately that China’s housing market is saturated and there’s no chance of further price increases barring further economic stimulus by the government.
Private comments by Mao Daqing,… Read More>>
Moody’s Predicts Continued Slide in China Housing Sales for Q2
Credit ratings agency Moody’s predicts continued revenue struggles for China’s property developers in the second quarter of 2014, after the industry’s sales dropped an average of 7.7 percent in the first three months of the year.
“The weak contracted sales… Read More>>
Vanke Takes a Healthy Gamble on China’s Hospital Sector
China’s largest real estate developer by sales is getting ready to sell beds, instead of just houses, as Vanke announced this week that it plans to enter the nation’s hospital industry.
Speaking at a conference on Sunday, Wang Shi, the… Read More>>
CapitaLand to Take CapitaMalls Asia Division Private for $2.5B
Southeast Asia’s largest real estate developer, CapitaLand, announced this afternoon that it is offering to buy back its Singapore-listed subsidiary, CapitaMalls Asia Ltd, for S$3.06 billion ($2.45 billion).
CapitaMalls Asia has been CapitaLand’s retail development subsidiary, and is perhaps best… Read More>>
Vanke Sales Slide 5 Percent in March as Transactions Slow Down
If the performance of Vanke (000002.SZ) represents a best-case scenario for the nation’s housing market, then the industry has fallen by at least five percent in the last year, according to financial data released last week by China’s largest real… Read More>>
Greenland Picks Up 2 New Sydney Sites to Build More Chinese Homes
Greenland Group announced recently that it has acquired two more parcels of land in Sydney, Australia as China’s most aggressive international real estate investor brought its basket of major overseas projects purchased this year to six.
The Shanghai-based property developer… Read More>>
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