A crowd of 30 mainland developers cast aside concerns of a government clampdown on Shanghai housing sales last week to stoke a bidding war for three pieces of land in the city’s suburbs, which ultimately sold for well above their… Read More>>
Philippine Mall Developer to Invest $320M in 2016 and More China Real Estate Headlines 2015-11-26
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Philippine Mall Developer to Invest $320M for China Malls
SM Prime Holdings Inc., the country’s leading integrated property developer, said Wednesday… 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>>
Housing Slump Brings Land Sales Down 20 Percent in Q3
China’s ongoing decline in housing demand is continuing to hurt land sales, as the country’s property developers have begun shying away from big site acquisitions. The trend towards caution in land buys is a dramatic reversal from last year’s record… Read More>>
Beijing Halts Land Sale Ahead of Party Meetings
Local governments in China favor letting the market determine real estate prices, except when it might become a hot topic at internal party meetings. This seems to be the message from the recent cancellation of an upcoming land sale in… Read More>>
Confident Developers Mean Rising Land Prices in China
While many analysts are predicting tougher times for China’s real estate industry in 2014, at least by one gauge the country’s property developers still believe that there is money to be made.
According to a report in today’s Wall Street… Read More>>
Mapletree Sets Records with HK$3.77B Buy of Hong Kong Site
A fund managed by Singaporean real estate developer Mapletree set new records for land prices in Hong Kong’s Kowloon district recently with its purchase of a commercial site for HK$3.77 billion (US$486 million).
The successful bid by Mapletree investments, beat… Read More>>
Developer Greenland Group Pays Nearly $1 Billion for Shanghai Site
Greenland Group, which through its domestic and international acquisitions is rapidly establishing itself as one of China’s most aggressive real estate firms, this week announced that it was acquiring a residential site in downtown Shanghai for RMB 5.95 billion (US$979… 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>>
SOHO Buys Site in Shanghai’s Changning District for RMB 3.19 Billion
Joining in one of the biggest weeks for land acquisition in China since the global financial crisis, SOHO China purchased a 16,600 square metre site in Shanghai’s Changning district for RMB 3.19 billion.
While SOHO’s buy attracted less attention than… Read More>>