Just last week, the world-renowned business magazine Fortune let us in on a secret — Greentown Group is the most successful real estate developer in China. For those of us covering China’s real estate market, this is nearly as big… Read More>>
Chinese developer Greentown soars 36 pct on Wharf stake – and more of Today’s China Real Estate Links | June 12, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
China’s General Administration of Customs announced on Sunday that exports had… Read More>>
Wharf Snatches Greentown China Stake for RMB 148 Million
Cash-strapped real estate developer Greentown China is selling a 2.13 percent stake to Hong Kong’s Wharf and Wheelock for HK$181 million (RMB 148.32 mil), according to an announcement from the buyers on Friday.
The purchase price for the 34,888,500 Greentown China… Read More>>
2 More Private Real Estate Developers Go Bust in Hangzhou and Guangdong
As the restrictions on China’s residential real estate market continue to hit home, two more privately owned developers filed for bankruptcy last week. These latest filings follow soon after Hangzhou Glory Real Estate filed for relief from its creditors on… Read More>>
I Owe, I Owe, So I’m Selling to SOHO
The extent to which China’s real estate restrictions are forcing consolidation in the industry was underlined yesterday when debt-saddled developer Greentown announced that its Greentown Plaza project in Shanghai’s Hongqiao area would be sold to SOHO China for RMB 2.14… Read More>>
Anhui City Loosens Real Estate Restrictions — Others to Follow?
On Thursday, the city of Wuhu in eastern China’s Anhui province reversed some of the restrictions on residential real estate transactions, becoming the first city in 2012 to attempt to revive its sagging property market.
According to a statement on… Read More>>
Fosun and SOHO Bund Deal a Bad Blind Date
In a report today on the Wall Street Journal, Esther Fung looks into the strange partnership of China real estate developers Fosun and SOHO for a site on Shanghai’s Bund.
As announced recently by SOHO, and subsequently denounced by Fosun,… Read More>>
China’s Desperate Developers Turn to Investment Funds to Stay Afloat
Following China’s clampdown on traditional funding for speculative real estate ventures, developers facing a financing gap estimated at US$111 billion are setting up their own funds in an effort to keep afloat.
About $2.2 billion of… Read More>>
SOHO Attempts to Buy Bund Project Stake from Greentown — Fosun Vows to Block
Carnivorous real estate developer SOHO China announced on December 29th that it would buy a 50% stake in a commercial property project on Shanghai’s Bund, only to have rival developer Fosun announce its right to block the proposed deal on… Read More>>
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