Asia Pacific real estate investment news and information
China Vanke Co. (3333), the nation’s biggest developer by market value traded on mainland exchanges, said full-year profit rose 21 percent as it sold more small and medium-sized homes that are less affected by government curbs.
Net income climbed to 15.12 billion yuan ($2.5 billion) in the 12 months to Dec. 31 from 12.55 billion yuan a year earlier, the Shenzhen, China-based company said in a statement today.
Out of the world’s 20 real wealthiest real estate tycoons, 13 of them are Chinese, according to the latest Forbes Rich List which tracks the fortunes of the world’s wealthiest people.
Only six of the richest real estate 20 are… Read More>>
65 percent of luxury retailers in China are said to have missed their 2013 targets for new store openings, now Mingtiandi helps you find out the real story from our weekly readership of 3000 industry professionals.
These disappointing results appear to point to a slowdown in what was once China’s hottest real estate sector.
Beijing-based real estate developer Soho China reported a 47 percent drop in profits for the second half of 2013, as the developer which made its name building office complexes and then selling off individual units, struggles to switch to… Read More>>
Guangzhou-based property developer Evergrande Group has brought its stake in China’s Huaxia Bank up to 5 percent from 4.522 percent in January, according to a statement filed by the bank with Shanghai Stock Exchange on Tuesday.
The latest announcement marks… Read More>>
Warehouse developer Global Logistic Properties Limited (GLP) has signed three new lease agreements totaling 39,000 square meters (420,000 square feet) in Xi’an, and Suzhou.
The leases, with three different companies, in two separate cities, include an agreement to provide warehouse… Read More>>
Chinese buyers are expected to purchase US$39.54 billion worth of Australian residential property over the next seven years, according to a report released today by Credit Suisse.
The investment bank estimates that 12 per cent of all new housing purchases… Read More>>
She may not be as wealthy as 29-year-old Mark Zuckerberg, but Perenna Kei, the majority shareholder of China real estate developer Logan Property Holdings (HKG:3380) has five more years to catch up.
The 24-year-old property princess became a billionaire courtesy… Read More>>
Two separate surveys by private research firms show that the increase in China housing prices slowed in February. At the same time, figures from Beijing and Shanghai show that transactions have fallen off dramatically as buyers and sellers both wait… Read More>>
The biggest real estate company in the world’s second largest economy, China Vanke, announced this week that it is moving its stock listing from Shenzhen to Hong Kong.
The move, which was reported in the Wall Street Journal yesterday, allows… Read More>>
