Asia Pacific real estate investment news and information
Vanke founder Wang Shi is offering advice for Chinese society, and his recommendation is that the country’s entrepreneurs need to play a bigger role in deciding the country’s future.
Since resigning as CEO of China’s largest real estate developer in… Read More>>
While many analysts are predicting tougher times for China’s real estate industry in 2014, at least by one gauge the country’s property developers still believe that there is money to be made.
According to a report in today’s Wall Street… Read More>>
China Vanke Co. (000002.SZ), the nation’s largest property developer by revenue, showed a continued upswing in sales last month reaching 27.65 billion yuan ($5.8 billion) during January.
According to a report in the Wall Street Journal, Vanke’s achievement represented a 45 percent increase over the mark for January 2013, when it sold RMB 19.07 billion.
Despite the increase in their average total revenue, nearly 60 percent of listed mainland real estate companies in Hong Kong, Shenzhen and Shanghai registered a decline in net profit margin during 2012, reflecting the beginning of a profitability down… Read More>>
Shimao Property raised a $600 million seven-year note on Tuesday, joining the flurry of Chinese developers that have tapped the market this year amid tighter onshore banking liquidity and concerns over a potential rise in interest rates.
The Hong Kong-listed group’s transaction on Tuesday – with a callable option in the fourth year – is the longest in duration and lowest in coupon done in the high-yield space so far this year.
Shui On Land CEO Freddy Lee abruptly stepped down from his leadership of one of China’s best-known real estate developers late last week, leading to speculation that he had been dismissed by company founder and chairman Vincent Lo.
In a… Read More>>
Not content with being China’s second largest real estate developer or winning the AFC Champions League soccer crown, Guanzhou-based Evergrande Group announced orders worth RMB 5.7 billion ($940 million) for its new bottled water brand, Evergrande Spring over the weekend.
At a ceremony in the city of Qingyuan in Guangdong, the company’s chairman, Xu Jiayin announced plans to…
Greenland Hong Kong Holdings Ltd. (337), a real estate unit of Chinese state-owned Greenland Holding Group Co., said it may create a venture to develop land it bought in Shanghai last month for 5.95 billion yuan ($983 million).
The company is in talks with a “reputable property developer” in China for the investment, according to a Hong Kong stock exchange filing yesterday.
As foreign developers have raced to participate in the Chinese growth miracle, few have been more aggressive than Tishman Speyer Properties LP, which has invested some $3 billion since 2006.
Now as the Chinese economy appears to be cooling and some analysts warn of vacancies in so-called ghost cities, Tishman Speyer shows no sign of retreat.
China’s Greenland Holding Group could complete its domestic listing by the first half of this year, its chairman said on Friday.
Such a move—which would require government approval—could make the acquisitive state-controlled company the first property developer to list on mainland China since 2010.
