Country Garden, China’s biggest developer by contracted sales, announced on Tuesday it would raise a combined $850 million through the issue of senior notes in two tranches. The move came just one day after fellow top-ten developer Longfor Properties announced… Read More>>
Country Garden Tops Evergrande to Take China’s 2017 Real Estate Sales Crown
Guangdong-based Country Garden achieved contracted sales of RMB 580.8 billion ($89.3 billion) in 2017 to oust billionaire Xu Jiayin’s Evergrande Real Estate from its position as China’s biggest selling developer and seize the title as mainland sales king, figures from… Read More>>
Longfor Counts on Kids to Help Fill Baoshan Paradise Walk in Shanghai
Longfor Properties opened its second shopping center in Shanghai on Saturday, boosting its portfolio of mainland malls to 26. The newly opened Shanghai Baoshan Paradise Walk is a five-level shopping mall with a floor area of 140,000 square metres, and… Read More>>
China’s Hengli Buys Lloyds Bank London Office and More Asia Real Estate Headlines
Cross-border acquisitions lead the news again today as another mainland group picks up a Brexit bargain in London, and a Singaporean developer goes shopping on Tokyo’s Ginza. Back on the mainland more credit is available for rental housing projects and… Read More>>
Asia Real Estate People in the News 2017-10-09
With more than 705 million Chinese hitting the road during last week’s National Day holiday, now is a good time to take stock of the regional real estate pros who have recently moved into new jobs. Heading this week’s edition… Read More>>
KWG and Longfor Win Kai Tak Site With HK$7.3B Bid
Developers KWG Property Holdings and Longfor Properties have become the latest mainland home builders to buy into Hong Kong’s Kai Tak area after a HK$7.3 billion ($938 million) joint bid by the two developers won a residential site in the… Read More>>
China Turns to Witchhunt to Burst Bubble and More Asia Real Estate Headlines
Donald Trump got himself elected president by conjuring up wetbacks under the bed, so why can’t China solve its housing bubble by blaming rumour-mongering agents and developers? Trump-inspired or not, the Chinese government is cracking down on developers and property… Read More>>
Girl Power: Meet The 4 Mainland Women Who Made Nearly $20 Bil in Real Estate
Once again, Dalian Wanda chairman Wang Jianlin is China’s richest man with an estimated net worth of $33 billion. However, among China’s top property barons, it’s the prominent role of baronesses that makes the country’s real estate industry look like… Read More>>
What Glut? CPPIB Invests $147M in Longfor Chongqing Mall
Stories of China’s glut of shopping malls rank only slightly behind headlines about its housing bubble for mainland property horror stories, but CPPIB seems to believe there might still be a happy ending for investments in China’s retail real estate… Read More>>
China’s Property Crackdown Turns into a Witch Hunt And More Asia Real Estate Headlines
In today’s news, China continues its property market crackdown with the housing ministry looking for nine types of misconduct carried out by real estate developers. Meanwhile, Longfor Properties expects its financing costs to drop below five percent by the end… Read More>>
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