Guangdong-based Country Garden achieved contracted sales of RMB 580.8 billion ($89.3 billion) in 2017 to oust billionaire Xu Jiayin’s Evergrande Real Estate from its position as China’s biggest selling developer and seize the title as mainland sales king, figures from… Read More>>
Chinese homebuilder Greentown Group has won a piece of residential land in western Beijing for RMB 8.6 billion ($1.3 billion), paying a premium of nearly 20 percent over the reserve price to grab the city’s most expensive site on offer… Read More>>
Leading today’s headlines, China’s richest man looks set to once again test the limits of the country’s capital controls and help us define the boundaries of “rational deals” as Dalian Wanda is said to be in talks to take over… Read More>>
America’s biggest landlord leads Asia’s real estate news today as Blackstone is reportedly putting a Singapore office asset on the market less than a year after purchasing it. Also in the headlines, unhappy buyers of homes in Country Garden’s Malaysian… Read More>>
After teetering on the edge of bankruptcy in 2014, real estate developer Greentown China has bounced back. Just two years after nearly selling itself to pay off creditors, the once insolvent home builder this week announced a RMB 20 billion… Read More>>
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>>
A joint venture real estate project in Manhattan led by China’s Fosun and local builder JD Carlisle has been stopped after unsuccessfully attempting to exploit a zoning loophole. Meanwhile, back on the mainland, both Greenland Group and Greentown Holdings continue… Read More>>
Singapore’s sovereign wealth fund homes to find buried treasure in America’s trailer parks, while China’s SWF plucks a new chief from the Shanghai government. Meanwhile, Greentown has a Hong Kong IPO for you, and much more if you just read… Read More>>
Chinese developers have taken advantage of this year’s stock rally to launch more than $1.76 billion in share sales over the last week, providing a few lucky listed companies with powerful boosts to their beleaguered balance sheets.
The share offerings… Read More>>
China’s Kaisa Group may have been saved from default today when Sunac chairman Sun Hongbin announced that his company would be acquiring a 49.3 percent stake in the troubled real estate developer.
Sun said in an interview at Kaisa’s headquarters… Read More>>