Asia Pacific real estate investment news and information
Kaisa Group announced the latest in a series of unexpected news today when the struggling China real estate developer revealed that its chief executive officer had resigned effective February 1st.
In a statement to the Hong Kong stock exchange, Kaisa… Read More>>
Sunac China is buying four Shanghai projects from defaulting real estate developer Kaisa Group for RMB 2.37 billion ($380 million) according to announcements posted today from the two companies.
Sunac will be acquiring 100 percent of two of the companies,… Read More>>
The credit crisis surrounding troubled Chinese real estate developer Kaisa Group is expected to be resolved soon, as Sunac China is said to have reached a deal to acquire the company.
According to a report in Chinese business news site… Read More>>
The biggest merger of China’s largest real estate downturn has evaporated – apparently over entrepreneurial pride, as Sunac’s acquisition of a controlling stake in Greentown has been cancelled.
After rumours had circulated in recent weeks that Greentown China Chairman Song… Read More>>
The biggest property developer to change hands during China’s real estate downturn may not be sold after all, following difficulties getting the share sale approved by the Hong Kong Stock Exchange.
Tycoon Song Weiping, along with this family and close… Read More>>
The chairman of a Hangzhou-based real estate developer blamed “stupid officials” for the hard times that have forced him to sell out his controlling stake in Greentown China to Sunac Holdings, in a transaction valued at HK$6.3 billion (US$813 million).
While China’s real estate market slump has meant trouble for some investors, many companies continue to see it as an opportunity to shop for deals that might never be available in a bull market.
Tianjin-based developer Sunac is taking advantage of… Read More>>
Despite sliding real estate prices in recent months and widespread reports of a property bubble, several of the country’s real estate developers showed their ongoing optimism on Friday by bidding up the price of a land plot in Shanghai.
State-owned Poly… Read More>>
The reporting season for China’s listed developers continued this week, Greentown and Sunac bought more Shanghai land, the HSBC PMI showed further signs of a slowdown, and a new website has shown up to help Chinese rich folks buy homes… Read More>>
Rising land prices and a government credit clampdown are forcing China’s real estate developers to borrow more money at higher rates – a combination that is likely to compress profit margins and put some companies into financial difficulties.
The country’s… Read More>>
