Kaisa Group, which defaulted on a $51.6 million loan last week, is said to have become the biggest of China’s real estate developers to go bankrupt today when the Hong Kong-listed company decided that it was ceasing all activities until it could… Read More>>
Find Out Which Developer Led China’s Top 10 for 2014
China has a new real estate sales champion, as development of overseas projects has helped move Shanghai’s Greenland Group to the top of the country’s property sector.
According to figures released this week, state-owned Greenland increased its contracted sales in… Read More>>
China Vanke to Issue RMB 1.8B in Domestic Bonds
China’s largest real estate developer may just be getting RMB 1.8 billion ($290.5 million) for Christmas this year as Vanke takes advantage of more lenient government rules and lower interest rates to refinance its debt.
According to an account in… Read More>>
China Vanke Says Beijing Real Estate Has Bottomed Out
China’s biggest property developer is saying that the country’s biggest real estate market has bottomed out, but one of China Vanke’s top officials cautions that no quick rebound is in site.
Speaking at the company’s annual meeting with securities companies,… Read More>>
Are Down-Payment Loans Undermining China’s Home Equity?
“China’s home market will never crash because homeowners have to make big down-payments.” This line comes up in nearly every debate and discussion of China’s ever-controversial housing sector.
However, this reasoning may deserve some reconsideration after a recent report in… Read More>>
Vanke Continues to Diversify Investments with Shanghai Industrial Deal
China’s biggest real estate developer by sales continued to move beyond its traditional base in housing projects last week when Vanke picked up 160,000 square metres of industrial land in Shanghai.
The property giant bought the land in Zhangjiang High… Read More>>
China Housing Slide Slows as Easier Credit Boosts Home Sales
Housing prices continued to fall last month across China, but the rate of decline decreased by more than half following government moves to ease credit.
A survey published on Friday by a real estate data provider belonging to Soufun indicated… Read More>>
Dalian Wanda Opens 100th China Mall in Run-Up to HK IPO
Dalian Wanda, the real estate developer belonging to tycoon Wang Jianlin, celebrated the opening of its 100th Wanda Plaza mall on Friday, just in time to help out with the company’s upcoming IPO.
The commercial property firm celebrated the opening… Read More>>
Goldman Sachs Says Beware of China Developer Debt
China’s cash-strapped real estate developers are raising record amounts of cash overseas, and Goldman Sachs says you should stay away.
In a report released this week the US investment bank said that debt issued by Chinese real estate developers are… Read More>>
Customers Trash Greentown Qingdao Office After 35% Off Promotion
While many of China’s potential homebuyers are waiting for deeper discounts before jumping into the market, the risks of slashing prices became evident recently when disgruntled customers stormed a sales office in the eastern China city of Qingdao earlier this… Read More>>
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