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>>
Meet Asia’s 13 Wealthiest Real Estate Barons
Out of the world’s 20 real wealthiest real estate tycoons, 13 of them are Chinese, according to the latest Forbes Rich List which tracks the fortunes of the world’s wealthiest people.
Only six of the richest real estate 20 are… Read More>>
Cifi and Greentown China Raising More Overseas Debt Financing
This week, two more Chinese real estate developers began raising dollar-denominated debt financing as China’s government struggles to restrict lending and deflate a housing price bubble. In an interesting twist, both developers had already received significant investments from Hong Kong… Read More>>
China Grave Builder Leads Surge in IPO Stocks – Today’s China Real Estate Links | December 20, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
China Grave Builder Leads Surge in IPO Stocks
Fu Shou Yuan International Group Ltd., a Chinese developer of graveyards, soared on its Hong… Read More>>
Wharf’s China Investment Expected to Pay Big Dividends – Today’s China Real Estate Links | December 4, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
Wharf (Holdings) is looking forward to reaping the benefits of… Read More>>
Sun Hung Kai Outbids Wharf to Win $3.6 bln Shanghai Site – Today’s China Real Estate Links | September 6, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
Hong Kong’s largest developer, Sun Hung Kai Properties, on… Read More>>
Greentown and Sunac Buying Shanghai Site for RMB 5.68 Billion
Greentown China Holdings Ltd. (3900) and Sunac China Holdings Ltd. (1918), both Hong Kong-listed developers of land in China, confirmed last week that they will acquire a real estate project in Shanghai’s Huangpu district for RMB 5.68 billion.
According to… Read More>>
Woman buys US$6.5m Manhattan apartment – for two-year-old daughter – and more of Today’s China Real Estate Links | March 28, 2013
Here is a list of the day’s latest China real estate news collected from around the web:
A Chinese mother bought a US$6.5 million apartment in Manhattan for her… Read More>>
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