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>>
CIFI China Launches USD200M in 5-Year Bonds in Fight for Financing
CIFI Holdings (Group) Co. Ltd. (HKEX Code: 884), a top 100 real estate developer in China, announced today that the Group has successfully issued its third issue five-year USD bonds with a coupon rate of 8.875%, with an order book of over USD1.1bn from investors in Asia and Europe.
In a statement the company indicated that net proceeds from the bond issue will mainly be used to refinance the Group’s existing debt and for other general corporate purposes.
Cifi and Greentown China Raising More Overseas Debt Financing
This week, two more Chinese real estate developers began raising dollar-denominated debt financing as China’s government struggles to restrict lending and deflate a housing price bubble. In an interesting twist, both developers had already received significant investments from Hong Kong… Read More>>
What China’s Biggest Real Estate Developers Plan to Do with Their $25 Billion in Cash
China’s largest property developers have built a war chest of more than US$25 billion in cash through bond sales and loans, in a sign that competition for land – and among China’s property companies – is heating up.
Firms including… Read More>>
Land prices continue to set records in China’s second-tier cities – and more of Today’s China Real Estate Links | September 20, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
Investors continue to value land in China’s first- and second-tier… Read More>>
Has Sunac Replaced SOHO as China’s Most Aggressive Developer?
The surge of land and project acquisitions in China during the past week raises the question of which of the country’s fearless real estate developers is actually the most aggressive. While this may be a bit like trying to figure… Read More>>
Sunac-Greentown Pays RMB 507.4 Mil for Stake in Shanghai Project
During a week that saw records set for land prices in Shanghai and Beijing, a joint-venture between Sunac Holdings and Greentown China paid RMB 507.4 million to buy a minority stake in a project in Shanghai’s Putuo district.
According to… Read More>>
China Vanke August Sales Rise 34.6% on Year – and more of Today’s China Real Estate Links | September 9, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
China Vanke Co. (000002.SZ), China’s largest property developer by market value, on… Read More>>
COFCO sets new land price record in Beijing buy – and more of Today’s China Real Estate Links | July 26, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
COFCO Property (Group) Co, the real estate unit controlled by State-owned… Read More>>