Just in case Alibaba’s Jack Ma needed another win before his ecommerce giant launches its IPO next week, one of China’s biggest real estate agencies announced this week that it has begun selling houses on his group’s Taobao B2C platform.
Work Starts on Mecanoo’s Shenzhen Cultural Centre
Ground was broken recently on a 95,000 square metre crimson cultural centre in Shenzhen designed by Dutch architecture firm Mecanoo and developed by the local government in team with China Vanke.
The Three Cultural Centers & One Book Mall… Read More>>
China Vanke Sells 9 Properties to Carlyle Group
China’s largest developer by sales took a major step toward transforming its business model last week when Vanke signed a memorandum of understanding to sell a nine of its commercial real estate projects to Carlyle Group.
The deal between China… Read More>>
China to Allow 100% Foreign-Owned Hospitals
China took a major step towards opening up its healthcare sector to foreign investment this week, when the Ministry of Commerce and the National Health and Family Planning Commission jointly announced that foreign companies will be allowed to wholly own… Read More>>
Carlyle Could Spend RMB 10B to Buy into 9 of China Vanke’s Malls
China’s real estate downturn may turn out to be good news for Carlyle Group as the private equity firm is said to be in advanced talks with China Vanke to buy into the developer’s shopping mall assets.
According to a… Read More>>
Vantone’s Feng Lun Says Innovation Key to Surviving Saturated Market
One of China’s pioneer private real estate developers has some advice on how his friends and competitors can survive the current downturn in the sector, and it starts with innovation.
Speaking at a real estate finance event in Beijing last… 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>>
3 Developers Report Rising Profits Despite Sales Challenges
Despite falling home prices and credit challenges three China real estate developers this week reported jumps in profit reaching 63 percent in the first half of 2014.
Country Garden Holdings, China Resources Land and Franshion Properties all reported their first… Read More>>
China Housing Prices Fall in 55 Out of 70 Cities
China’s housing market is now sliding nationwide, as government statistics released on Friday show falling home prices have spread to 55 of 70 cities surveyed. The drop in housing sales and average prices comes as developers struggle with a glut… Read More>>
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