The chief executive of Hong Kong-listed Powerlong Real Estate on Thursday predicted that a fifth of China’s developers would be out of business by year-end, as the country’s small and mid-sized real estate firms have come under more pressure from… Read More>>
China Overseas Land Drops 5.1% As Developers Continue Slide
New stocks or old stocks they were still dropping like rocks today as investors continued to punish China’s real estate shares following last week’s bond default by Chaori Solar.
One of the country’s most established players, China Overseas Land &… Read More>>
Xinyuan Real Estate Buys Land in Changsha for $112M
Xinyuan Real Estate (NYSE:XIN) today announced that it has acquired a land parcel in Changsha for RMB 688.9 million (US$112.2 million), as the residential developer made its third land purchase in China’s second-tier cities this year.
Xinyuan’s new 89,460 square… Read More>>
Greenland Group Adds $360M Canada Project to List of Overseas Deals
China’s most aggressive international investor, Greenland Group, has announced a 67,000 square metre Toronto project as its latest overseas real estate acquisition.
The C$400 million (US$360 million) residential development makes Canada the seventh country in which the Shanghai-based developer has… Read More>>
Troubled Chinese Developer Says Sales Down Nearly 70% in 2014
Hong Kong-listed Hopson Development Holdings Limited (HKG:0754) announced on Monday that its contracted sales for the two months ended 28 February 2014 amounted to about RMB 471 million – a decrease of 69.6 percent compared to the same period a… Read More>>
Warburg Pincus-Backed Chinese Developer Raises $258M in HK IPO
Sunshine 100 China Holdings Ltd, a commercial and residential real estate developer backed by US private equity firm Warburg Pincus had a low-end debut on the Hong Kong Stock Exchange last week as the company’s IPO came in at the bottom of pricing expectations.
Sunshine 100 raised HK$2 billion (US$258 million) after pricing its 500 million share offering at HK$4.00 per share, compared to marketing range of HK$4.00 to HK$4.80 each.
China Vanke 2013 Profits Up 21% on Sales of Smaller Homes
China Vanke Co. (3333), the nation’s biggest developer by market value traded on mainland exchanges, said full-year profit rose 21 percent as it sold more small and medium-sized homes that are less affected by government curbs.
Net income climbed to 15.12 billion yuan ($2.5 billion) in the 12 months to Dec. 31 from 12.55 billion yuan a year earlier, the Shenzhen, China-based company said in a statement today.
Developer CIFI Achieved Record Growth and Revenues in 2013
CIFI Holdings (Group) Co., Ltd., one of the 100 biggest real estate developers in China announced today that it had achieved contracted sales of RMB15.32 billion in 2013, representing a significant increase of 60.5 percent over the RMB9.54 billion it… Read More>>
Market Tires of China Developer Debt as Bond Sale Flops
Even interest rates of 12.75 percent are not necessarily enough to entice financiers to buy debt from Chinese developers, as a high yield bond sale failed to reach its target last week. The unwanted offering by Hong Kong-listed developer China… Read More>>
Xinyuan Real Estate Spends RMB 1.3B on New Land Purchases
Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced last week that it had that it had committed RMB 1.29 billion ($213 billion) to acquire new land in Chengdu and Sanya. The acquisitions by the New York Stock Exchange-listed developer come… Read More>>
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