30 out of China’s 59 top developers suffered declining net profits last year, helping to explain why these mega-developers are looking for deals overseas or branching out into other industries. Meanwhile one of the country’s biggest real estate firms has… Read More>>
Shanghai Mall Builds Five-Storey “Death Slide” and more China Real Estate Headlines 2016-02-15
We are back chasing the real estate happenings here at Mingtiandi, and today’s round up gives you a chance to catch up on headlines you may have missed over the holiday. A Shanghai mall welcomes shoppers with a five-storey tall… Read More>>
Market Drop Sends Property Shares Down Over 7%
China’s stock market started off 2016 with a sharp slide that triggered new market control mechanisms, and a sudden reversal in property shares helped lead the way down.
Major mainland-listed developers including Greenland Group, Poly Real Estate and Gemdale all… Read More>>
Chinese Real Estate Goes Hollywood as Gemdale Inks $125M US Deal
Gemdale Properties, one of China’s largest real estate developers, ventured overseas for the second time this week when it entered into a joint venture for a $125 million mixed-use project in Hollywood, California.
Gemdale Properties and Investments, a US-based subsidiary… Read More>>
Gemdale Buys Shanghai Site for Record Price
State-owned developer Gemdale Group beat out 16 competitors to pick up a residential site in Shanghai’s Jiading district for RMB 2.01 billion ($315 million), setting a new record per square metre for housing in the suburban area.
Gemdale’s bid was approximately… Read More>>
China Real Estate People in the News 2014-08-04
Despite news of a downturn, and a supposed seasonal lull for the summer, China’s real estate community showed a large number of moves this week, even at the senior level. We have a Siemen veteran moving to Singapore, Fosun bringing… Read More>>
Real Estate Crisis Creates Takeover Opportunity for China’s Insurers
While China’s real estate industry has been beset by reports of falling prices and slowing sales all of this is apparently good news for the country’s insurance companies, as two of the financial giants compete to take over developer Gemdale… Read More>>
Developer Stocks Soar After Media Reports of Breaks in Real Estate Rules
Poly Real Estate led China’s major real estate developers in a sudden stock rally following reports in the official media that two of China’s largest second-tier cities would be relaxing restrictions on home purchases.
The Guangzhou-based property firm was up… Read More>>
China Real Estate Stocks Bounce Back and Shanghai Land Prices Still Climbing
China’s real estate investors proved that they are quick to forgive, as developer stocks have quickly bounced back after last week’s losses. And the nation’s real estate companies have quickly responded to the vote of confidence by snapping more high-priced… Read More>>
UBS Bucks 2nd-Tier City Pessimism With New Residential Real Estate Fund
Despite a flurry of news reports questioning the credit worthiness of China’s real estate developers and raising the spectre of potential bond defaults, Switzerland’s biggest bank, UBS, is launching a new fund targetting residential opportunities in the nation’s second-tier cities.