Asia Pacific real estate investment news and information
Two top executives of Glorious Property Holdings Ltd. (845) resigned last week – less than one month after a failed buyout attempt by the troubled China real estate developer’s former chairman Zhang Zhirong.
The departure of Glorious CEO Liu Ning… Read More>>
Beijing has put out a dozen plots of land for sale this month, including one in its central area, as the country’s real estate developers scramble to secure land amid a capital crunch and potential industry consolidation
The Beijing land reserve bureau has listed 12 parcels for public tenders, including five with floor prices totalling 13.4 billion yuan (HK$17 billion).
China Vanke Co. (000002.SZ), the nation’s largest property developer by revenue, showed a continued upswing in sales last month reaching 27.65 billion yuan ($5.8 billion) during January.
According to a report in the Wall Street Journal, Vanke’s achievement represented a 45 percent increase over the mark for January 2013, when it sold RMB 19.07 billion.
Despite the increase in their average total revenue, nearly 60 percent of listed mainland real estate companies in Hong Kong, Shenzhen and Shanghai registered a decline in net profit margin during 2012, reflecting the beginning of a profitability down… Read More>>
CITIC Real Estate, Dalian Port Real Estate and Swire Properties jointly announced today that the three parties have signed a framework agreement to jointly develop a project in Dalian Port.
The signing took place in Dalian. Song Chuan, Chief Executive… Read More>>
Hong Kong’s property market continues to experience a shortage of new supply, with the number of completed flats falling to a four-year low last year, but analysts expect supply to pick up in coming years.
Figures from the quarterly report of the Housing Authority show that only 8,300 new private residential units were completed last year – nearly 18 per cent less than 2012. The number also fell far short of the government’s expectation of 13,551 flats for 2013.
Xinyuan Real Estate Co., Ltd. (NYSE: XIN), a residential real estate developer with a focus on high growth cities in China, today announced the appointment of Mr. Xinqi Wang and Mr. Yumin Liang as directors of the Company, effective immediately…. Read More>>
China’s central government has given the nod to 12 free trade zones (FTZs) following the one in Shanghai, amid a spurt of nationwide enthusiasm for such schemes.
Tianjin Municipality and Guangdong Province have been green-lit to set up FTZs, a source with knowledge of the approval told Xinhua-run Economic Information Daily on Wednesday, refusing to leak the remaining 10.
A Chinese manufacturing index fell more than estimated in January to a six-month low, a private survey showed.
The preliminary reading of 49.6 for a Purchasing Managers’ Index released Thursday by HSBC Holdings Plc and Markit Economics compares with a final figure of 50.5 in December and a 50.3 median estimate of 19 analysts in a Bloomberg News survey. A number above 50 indicates expansion.
Hong Kong’s retailing landscape is changing. With the competition for space in the city’s traditional retail districts–Central, Causeway Bay, Tsimshatsui and Mongkok–driving rents to eye-watering levels, foreign retailers are increasingly shifting their focus to shopping centres in the New Territories. Fast fashion brands such as Uniqlo, Gap, H&M and Zara have been leading the trend but others are following.
In addition to capturing a share of the growing Mainland-shopper market, retailer interest is also being attracted by growing local populations resulting from the completion of new residential developments.
