Property sales in China have fallen 16.7 percent this year compared to the first two months of 2014, dashing developer hopes for a quick recovery to the nation’s housing slump.
The slide in home sales came despite a series of… Read More>>
Changsha’s Broad Group Builds 57-Storey Tower in Just 19 Days
When the world last heard of Hunan-based Broad Group, the construction firm was still struggling to win approval to turn a watermelon patch into a 220-storey vertical city.
Now the air conditioning maker turned-modular building group has bounced back… Read More>>
Aoyuan Property Buys Sydney Office Tower for $94.8M
Australia may be making noise about slowing down sales of homes to foreigners, but the government’s regulatory moves didn’t stop Aoyuan Property Group from becoming the latest Chinese developer to buy a project in Sydney.
The Guangzhou-based real estate firm… Read More>>
Evergrande Boss’ Sydney Mansion Caught in Aussie Crackdown
The billionaire owner of China’s Evergrande real estate bought one of the poshest homes in Sydney last year for A$39 million ($30.5 million). But now Xu Jiayin, who also owns Guangzhou Evergrande football club, has 90 days to sell off… Read More>>
Chinese Deal for London’s Crystal Palace All in Pieces
A £500 million ($772 million) plan for a Chinese developer to rebuild London’s famed Crystal Palace appears to have fallen apart recently after 16 months of delay.
Despite attracting a shortlist of architects including Zaha Hadid, Richard Rogers and David… Read More>>
Developer Country Garden Sells $900M Bond
Chinese real estate developer Country Garden Holdings sold a $900 million five-year bond on Thursday as the Guangzhou-based firm continues to restructure its financing in the face of China’s property slowdown.
The top-ten China developer’s latest bond issue was priced… Read More>>
Shanghai Developer Lands 5th Intl Project with LA Condo Deal
Chinese real estate developer Shenglong Group has acquired a site in Los Angeles for $26 million as the Shanghai-based company prepares for its fifth overseas project.
The privately held company paid one of the highest rates ever for the 44,412 square… Read More>>
Land Sales Fall 25% as China’s Developers Go on a Diet
Land sales for property development fell by more than 25 percent last year in China, as the country’s real estate industry struggles to cope with falling housing prices and rising land costs.
According to China’s Ministry of Land and Resources,… Read More>>
Kaisa Saved From Default by Sunac Buyout
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>>
Shimao Raises $800M Bond to Bring Back China Developer Debt
International debt markets didn’t wait for the rescue of Shenzhen-based Kaisa Group to bring back Chinese developer notes as Shimao Property sold an $800 million seven-year bond on Tuesday night.
The debt issue came just hours before Tianjin’s Sunac Holdings… Read More>>
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