China’s real estate industry is continuing to grow but that doesn’t mean all of the players are winning, according to data released this month.
Reports by two separate agencies show that an eight month slide in real estate prices is… Read More>>
Sunac Merger Collapses as Song Weiping Returns to Greentown
The biggest merger of China’s largest real estate downturn has evaporated – apparently over entrepreneurial pride, as Sunac’s acquisition of a controlling stake in Greentown has been cancelled.
After rumours had circulated in recent weeks that Greentown China Chairman Song… Read More>>
Greentown Sale to Sunac May Be Cancelled After Regulatory Delay
The biggest property developer to change hands during China’s real estate downturn may not be sold after all, following difficulties getting the share sale approved by the Hong Kong Stock Exchange.
Tycoon Song Weiping, along with this family and close… Read More>>
Customers Trash Greentown Qingdao Office After 35% Off Promotion
While many of China’s potential homebuyers are waiting for deeper discounts before jumping into the market, the risks of slashing prices became evident recently when disgruntled customers stormed a sales office in the eastern China city of Qingdao earlier this… Read More>>
Vanke CEO Expects 75K Real Estate Firms to Vanish by 2029
The golden age of China’s real estate market is over, according to the top of executive of China Vanke, but the industry should do just fine as it enters its “silver age.”
Yu Liang, the CEO of China’s biggest real… Read More>>
Greentown Chief Blames Govt as He Sells Stake in Developer
The chairman of a Hangzhou-based real estate developer blamed “stupid officials” for the hard times that have forced him to sell out his controlling stake in Greentown China to Sunac Holdings, in a transaction valued at HK$6.3 billion (US$813 million).
Greentown Selling Shares to Sunac Amid Market Slowdown
While China’s real estate market slump has meant trouble for some investors, many companies continue to see it as an opportunity to shop for deals that might never be available in a bull market.
Tianjin-based developer Sunac is taking advantage of… Read More>>
Vanke Chief is China’s Highest-Paid Exec and More China News Briefs
The earnings season continues to provide plenty of news on China’s listed developers as we find out how much Wang Shi made last year while he was off studying in the US, see profits drop for one of Hong Kong’s… Read More>>
Fosun Bids on $1.25B Greece Project and Shanghai’s FTZ Hosts M&A Deal
The changing conditions in China’s real estate market seems to have spurred a surge of deals with Fosun making a play in Greece, developers shoring up their finances, and the first international acquisition made through Shanghai’s new free trade zone.
Greentown Buys More Land with Sunac and New Website Hopes to Sell Homes to Wealthy Chinese
The reporting season for China’s listed developers continued this week, Greentown and Sunac bought more Shanghai land, the HSBC PMI showed further signs of a slowdown, and a new website has shown up to help Chinese rich folks buy homes… Read More>>
