Beijing may be tightening up its capital controls, but the government is also taking steps to clear the path for more overseas acquisitons, following a recent move by the State Council. If there is an uptick in cross-border deals, they… Read More>>
Li Ka-Shing to Sell Bahamas Resort and More China Real Estate News 2016-03-17
What to do with an oversupply of housing that local customers won’t buy? The city of Zhuhai in Guangdong province is trying the time-honoured solution marketing these unwanted homes to people from out of town. Plus government officials prove that… Read More>>
Bank of China Lends $50M to NYC Hotel Project and More China Real Estate Headlines 2016-03-13
One of China’s biggest state-owned lenders is backing Moinian Group’s Manhattan luxury hotel project, and China’s property market shows mixed results in the latest batch of government data, with housing sales climbing but developers still holding off on investment. Read… Read More>>
Wharf Sells 6% Stake in Sino-Ocean to Mystery Buyer for $284M
The battle for shares in China’s largest property developers surged to a new level late last week after Hong Kong real estate giant Wharf Holdings revealed on Thursday that it would be selling its 5.93 percent stake in Sino-Ocean Land… Read More>>
What Downturn? SOE-Led Group Pays Record $1.39B for Beijing Land
China’s real estate market may still be stuck in an eight-month long slide but China’s real estate developers still are eager to buy more land – at least in China’s largest cities. So eager that they are willing to pay… Read More>>
China Real Estate People in the News 2014-12-29
It may be the holiday season, but at least some of greater China’s real estate professionals have been keeping themselves busy finding new opportunities straight through the festivities. This week we have a Chinese insurance giant scooping up more talent,… Read More>>
Greentown Sale to Sunac May Be Cancelled After Regulatory Delay
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>>
Greentown Chief Blames Govt as He Sells Stake in Developer
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).
HK Developer Wharf Hints at Further China Housing Discounts
Hong Kong real estate powerhouse Wharf (Holdings) hinted that more discounts could be on the way for its China projects as even the strongest property companies become troubled by the country’s home sales headwinds.
The 128-year-old Hong Kong conglomerate has… Read More>>
Vanke Chief is China’s Highest-Paid Exec and More China News Briefs
The earnings season continues to provide plenty of news on China’s listed developers as we find out how much Wang Shi made last year while he was off studying in the US, see profits drop for one of Hong Kong’s… Read More>>
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