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>>
Cinda Buys Shanghai Land and China Resources Ups Vanke Stake
Late last week and into the weekend there were a number of breaking news stories, including China’s bad asset bank Cinda picking up two plots of land in Shanghai, China Resources Holdings upping its stake in developer China Vanke, and… Read More>>
Greenland Picks China Resources as Partner for $985M Shanghai Site
Greenland Hong Kong Holdings Ltd. (337), part of Chinese state-owned Greenland Holding Group Co., announced yesterday that it will partner with fellow state-run developer, China Resources Land Ltd. (1109) to develop a Shanghai site it bought last month for 5.95 billion yuan ($985 million).
According to a statement filed with the Hong Kong Stock Exchange, the two companies will form a 50-50 venture for the site in the city’s Huangpu district.
What China’s Biggest Real Estate Developers Plan to Do with Their $25 Billion in Cash
China’s largest property developers have built a war chest of more than US$25 billion in cash through bond sales and loans, in a sign that competition for land – and among China’s property companies – is heating up.
Firms including… Read More>>
China’s Top 10 Real Estate Developers for 2013
A recent joint report published by two Chinese real estate groups ranks the top 500 property developers in China and compares their outlooks for the coming year. The report shows China Vanke keeping its top spot among the developers, and… Read More>>
China Real Estate Developers Bought RMB 8.87 Bil of Land in Early Sept
In a significant sign of growing confidence among China’s real estate developers, Vanke and six other developers combined to purchase several parcels of land for more than RMB 8.87 billion between September 5th and 7th. The purchases were made in… Read More>>
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