One year after China’s State Council unveiled the outline development plan for the Greater Bay Area, a strategic growth zone combining the mainland’s Guangdong province with Hong Kong and Macau, leading property consultancy Knight Frank already sees opportunities on… Read More>>
China’s Guangdong Province Mulls Ban on Condo Pre-Sales in Latest Blow to Developers
Guangdong province is calling for the cancellation of a decades-long property pre-sale system that has played a primary role in supporting China’s real estate developers.
The provincial branch of China’s Ministry of Housing and Urban-Rural Development (MOHURD) issued a notice… Read More>>
HK-Listed Spring REIT Buys Guangdong Mall From Huamao Property for $241M
Spring Real Estate Investment Trust has acquired its first retail asset in China as the Hong Kong-listed REIT announced late last week that it has agreed to purchase a shopping mall just north of Shenzhen for RMB 1.65 billion ($241… Read More>>
Keppel Land Sells Zhongshan Yacht Club Project for RMB 2.9B
Keppel Land China has announced its RMB 2.9 billion ($440 million) sale of Keppel China Marina Holdings in Guangdong province as the unit of Temasek Holdings-backed Keppel Corp, seeks to “recycle assets” into China’s largest cities.
“The divestment is in… Read More>>
China Real Estate People in the News 2015-04-06
This week appears to be promotion week in Asia Pacific for one of the big commercial agencies, with a squadron of senior team members moving up a notch, and even some new faces joining. Elsewhere we have a Hong Kong… Read More>>
Kaisa Defaults on $500M Bond Payment, Spooks Debt Markets
Chinese real estate developer Kaisa Group dug itself still deeper into default yesterday when the Hong Kong-listed company failed to make $26 million in interest payments due on offshore bonds.
The bond default is Kaisa’s second failure to meet debt… Read More>>
Chinese Real Estate Developer Gets 13 Years for “Storing” Tiger Penises
A Chinese property developer went to jail this week after killing three tigers, eating their flesh, and apparently storing their penises in his refrigerator.
The wealthy real estate investor from the southern province of Guangxi was only identified by his… Read More>>
Tencent-Backed China Developer Plans Two New Malls Per Year
While sales may be down at some of China’s luxury retail palaces, a developer of “wholesale malls” backed by one of the country’s biggest Internet companies has big plans for expansion.
Hong Kong-listed China South City Holdings, which builds and… Read More>>
HK-Listed Developer KWG Tied to Guangzhou Corruption Case
Kong Jian Min, the chairman of KWG Property Holdings, is ranked 181st on the Forbes China Rich List, with a personal fortune estimated at $950 million. According to a report on mainland news site Caixin today, however, the Guangzhou real… Read More>>
Guangzhou Party Leader’s Fall Tied to Corrupt Real Estate Deals
Late last month Guangzhou Party Secretary Wan Qingliang became one of the highest level Chinese officials to lose his job amidst the country’s current anti-corruption campaign, and China media sources are now alleging that a history of dirty real estate… Read More>>
