One of China’s top 10 developers replenished its cash supplies by selling HK$6.3 billion ($813 million) in new shares to Ping An Insurance as the country’s real estate companies grapple with a shortage of both customers and funds in 2015.
Developer Country Garden Sells $900M Bond
Chinese real estate developer Country Garden Holdings sold a $900 million five-year bond on Thursday as the Guangzhou-based firm continues to restructure its financing in the face of China’s property slowdown.
The top-ten China developer’s latest bond issue was priced… Read More>>
Chinese Pour $1.23B into Sydney Real Estate in Last 2 Months – More on the Way
China’s outbound investment wave continued to flow into Sydney as buyers from the mainland and Hong Kong acquired more than $1.23 billion worth of major assets during the last two months of 2014.
Most of the investors were major mainland… Read More>>
Chinese Billionaire Buys Sydney Tower for $339M
Chinese real estate developer Shimao Property Holdings, together with its billionaire boss Hui Wing Mau, have reportedly acquired a downtown Sydney office tower for over A$390 million (US$339 million), as Chinese investors continue to snatch up Australian real estate.
According… Read More>>
Moody’s Predicts Upswing in China Housing Sales
The Chinese government recently unleashed a barrage of measures to prop up demand for housing following several months of falling prices and slowing sales, and at least one international ratings agency believes this is about to start turning the market… Read More>>
China’s Real Estate Tycoons Pushed Out of Top 10 by Internet Entrepreneurs
The downturn in China’s property market during 2014 has caused trouble for many investors, but now it even seems to be driving the nation’s property tycoons from the top of the country’s wealth ranks.
According to the latest China Rich… Read More>>
Agile Property Trips Over Rights Issue, Falls 7.2%
Real estate developer Agile Property Holdings tumbled more than 7.2 percent on the Hong Kong stock exchange today after it became the third China property firm in 30 days to declare a rights issue.
Guangzhou-based Agile is following hometown competitors… Read More>>
Shimao Property Chasing $914M Sydney Housing Project
Shimao Property, one of China’s largest real estate developers, is reportedly in the advanced stages of acquiring an office block in downtown Sydney, Australia for development of a new residential project valued at A$1 billion ($914 million).
The acquisition, which… Read More>>
Yuexiu Property Plans $495M Rights Issue in China Cash Crunch
Yuexiu Property announced last week that it plans a HK$3.84 billion ($495 million) rights issue, becoming the second major Chinese real estate developer in a week to turn to the equity markets as slowing home sales continue to squeeze the… 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>>