Li Keqiang just helped a few hundred million Chinese homeowners to sleep more easily, when the Chinese premier announced yesterday that new guarantees are on the way for the renewal of residential property rights. Also in the news, Chinese real… Read More>>
Country Garden Closes Sales Offices for $100 Bil Malaysia Project Amid Capital Clampdown
China’s third largest developer has closed mainland sales offices for its largest overseas project as authorities in Beijing keep a tight grip on the country’s capital account.
Country Garden Holdings has shut the doors to sales offices in Shanghai and… Read More>>
Citic Jumps Back into Homebuilding for RMB9.92B and More Asia Real Estate Headlines
After selling off its residential projects last, China’s Citic Pacific is taking on another project – this time investing RMB 9.92 billion in Wuhan. Also in the headlines today, Yanlord ups its share of a Shenzhen project, and Country Garden’s… Read More>>
Vanke Sues to Kick Out Baoneng and More Asia Real Estate Headlines
China Vanke may be putting the finishing touches on a Shenzhen upstarts attempt to take over one of China’s leading developers, and Goldman Sachs sees 2017 as a good time to pick up mainland developer shares on the cheap. Also… Read More>>
Country Garden Plans First India Project in 2017 and More Asia Real Estate Headlines
China’s third largest developer is now targetting another overseas market, as Country Garden announced plans to move into India. Also in the headlines today, China Oceanwide agrees to buy tech media group IDG, and CapitaLand has a new commercial project… Read More>>
Evergrande China’s 2016 Sales King as Top Developers Boost Performance by 82%
Thanks to a year of super-charged real estate sales, Evergrande Group unseated 2015 champion China Vanke to become the mainland’s largest property developer by sales for 2016.
The shift in the top ranks of China’s homebuilders came as the three… Read More>>
Country Garden CFO Resigns Amidst Board Upheaval
After less than three years spent bailing out the balance sheet of China’s third-largest property developer by sales, Country Garden chief financial officer Wu Jianbin has left the company citing personal reasons.
“Mr Wu Jianbin has tendered resignation from his… Read More>>
Li Ka-shing Said Selling Stake in The Center for $4.6B And More Asia Real Estate Headlines
One Hong Kong newspaper is reporting that Li Ka-shing has sold off a 75 percent stake in one of his trophy assets, while Donald Trump may be in trouble with some US voters, but according to stories in the press… Read More>>
Girl Power: Meet The 4 Mainland Women Who Made Nearly $20 Bil in Real Estate
Once again, Dalian Wanda chairman Wang Jianlin is China’s richest man with an estimated net worth of $33 billion. However, among China’s top property barons, it’s the prominent role of baronesses that makes the country’s real estate industry look like… Read More>>
Li Ka-shing Feeling Brexit Blues And More Asia Real Estate Headlines
In the news today, Hong Kong’s Superman is weakened by kryptonite in its Brexit-form as shares in his affiliates continue to trend downward. Meanwhile Korea’s Lotte Department Store is teaming with Citic Group to enter the Shanghai retail sector and… Read More>>
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