This week sees a flurry of new financial reports from the region’s property developers, with 2016’s winners and losers rapidly being sorted out. Also, a Blackstone joint venture in India announces plans for $745 million in office investments, while New… Read More>>
Sliding Retail Sales Bring Slippery Response and More Greater China Real Estate Headlines
China’s retail space glut is at least bringing consumers more entertainment options as mall operators turn to giant slides and other attractions to fill empty shopping centres. In the residential market one of the major credit agencies is pointing to… Read More>>
Fewer Mainlanders Means Less Traffic for Hong Kong’s Malls and More China Real Estate Headlines
Mainland tourists may not make themselves welcome everywhere they go, but Hong Kong’s malls seem to be missing the Renminbi-carrying shopping hordes in 2016. Plus, New World Group turns from art to kid stuff to pull in visitors for their… Read More>>
Vanke Shares Drop 14% as Trading Resumes and More China Real Estate Headlines 2016-01-06
China’s stock markets stablised yesterday, perhaps with a bit of help from the National Team, but that didn’t prop up shares in China Vanke which resumed trading today. There are also signs this week of two more Hong Kong developers… Read More>>
Blackstone Predicts Growth to Dip Below 5% and More China Real Estate Headlines 2016-01-05
Markets appear to have calmed down after China’s real estate shares lead a mainland market decline that spooked the world yesterday. Today, however, Blackstone believes China may surprise the world with slower than expected growth and much more. All the… Read More>>
Evergrande Buys $3.2 Billion in Projects from Hong Kong’s New World Group
Evergrande Real Estate, one of China’s largest developers – and its most indebted – shocked the market today by announcing that it was acquiring seven mainland projects from Hong Kong’s New World Group for a total of RMB 20.4 billion… Read More>>
Evergrande’s Stock Staggers 7% After Developer Buys $2.1B in Projects
Evergrande Real Estate saw its stock hammered for the second time in one month after the Guangzhou-based developer bought four residential projects in China’s second-tier cities last week for $2.1 billion.
Shares in Evergrande slid nearly seven percent on the… Read More>>
Evergrande Cans Plans for Bottled Water Listing – and more China real estate headlines
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Evergrande Cans Plans for Bottled Water Listing
China’s Evergrande Real Estate said it has cancelled plans to list its spring water… Read More>>
HK Tycoon Henry Cheng Plans £8.4B London Luxury Project
Henry Cheng, chairman of Hong Kong’s New World Development, won approval this week to build 15,000 new homes in London as part of a £8.4 billion ($13 billion) project.
Cheng’s proposal for redeveloping London’s Greenwich Peninsula was given the go-ahead… Read More>>
New World China Privatisation Trips and Fails Over Cayman Law
New World Development’s plans to take its China subsidiary private failed this week when shareholders representing less than two-tenths of a percent of the company’s stock foiled the efforts of the company’s billionaire owner.
Although jewellry magnate Cheng Yu Tung’s… Read More>>