Date
26 August 2019

Property and Construction

  • Country Garden’s sweet September success may rub off on peers

    Oct 9, 2013 9:19am
    The share price of Country Garden Holdings Co. Ltd. (02007.HK) surged on Tuesday afternoon after the company announced it has surpassed its full-year sales goal three months ahead of schedule. By the end of September, contract turnover...
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    The Big Picture: HOME RALLY

    - Oct 9, 2013 8:31am
    China’s property stocks are likely to sustain their strong rebound, sparked by news that Country Garden Holdings Co. Ltd. (02007.HK) has surpassed its full-year sales target in September. Investors will most probably focus on developers with...
  • Vanke September sales up 29.32%, paper says

    Oct 9, 2013 8:11am
    Property developer China Vanke Co. Ltd. (000002.CN) said it sold 1.31 million square meters of property worth 15.57 billion yuan (US$2.54 billion) in September, up 29.32 percent in value from a year earlier, National Business Daily...
  • Anhui tightens land transfer rules, paper says

    Oct 9, 2013 7:40am
    Anhui province has published new rules on land transfer including a tougher down payment requirement, National Business Daily reported Wednesday, citing provincial authorities. Winning bidders must pay a down payment equal to half of the price...
  • New homes outpace pre-owned flats in price growth, CNS says

    Oct 9, 2013 7:21am
    The price of new homes in China’s top 10 cities outgrew that of second-hand flats for the first time during the third quarter, China News Service reported Tuesday, citing the China Index Academy. New home prices in...
  • China Overseas Land to meet HK investors on bond sale

    Oct 8, 2013 1:57pm
    China Overseas Land & Investment Ltd. (00688.HK) will meet investors in Hong Kong on Wednesday for a proposed bond issue, according to a document obtained by EJ Insight. The property developer will be represented by chief...
  • Country Garden meets 2013 sales target in 9 months, filing says

    Oct 8, 2013 1:43pm
    Property developer Country Garden Holding Co. Ltd. (02007.HK) said in a regulatory filing on Tuesday that its contracted sales for the nine months ended Sept. 30 totaled 64.7 billion yuan (US$10.58 billion), surpassing the 62 billion...
  • Wuliangye sets floor price for white wine, paper says

    Oct 8, 2013 10:35am
    Luxury liquor maker Wuliangye Yibin Co. Ltd. (000858.CN) has set the minimum price for its white wine product with 52-percent alcohol concentration at 659 yuan (US$107.64) and warned distributors that their dealership will be taken away...
  • A tale of two record land auctions

    Oct 8, 2013 10:21am
    Within days of each other, Sun Hung Kai Properties Ltd. (SHKP) (00016.HK) and Sunac China Holdings Ltd. (01918.HK) paid record auction prices last month for sites in Shanghai and Beijing, respectively. After the dust settled, SHKP...
  • Beijing new home holiday sales almost double, paper says

    Oct 8, 2013 8:56am
    Beijing housing authorities said 783 new homes and 44 second-hand flats were sold in the city during the first six days of the National Day holiday, Beijing Youth Daily reported Tuesday. Sales of new homes almost...
  • Evergrande Sept contracted sales up 29.6% on year, filing says

    Oct 8, 2013 7:30am
    Evergrande Real Estate Group Ltd. (03333.HK) said in a regulatory filing on Monday its contracted sales in September grew 29.6 percent to 10.53 billion yuan (US$1.72 billion) from a year earlier. Contracted sales in terms of...
  • ‘Golden week’ home sales up in first-tier cities, paper says

    Oct 8, 2013 6:39am
    China’s first-tier cities, including Beijing, Shanghai and Guangzhou, saw home sales grow during the National Day holiday, China Securities Journal reported Monday, citing figures from local housing authorities. Beijing sold 827 units between Oct. 1 and...
  • Property agents busy turning away buyers amid sales frenzy

    Oct 7, 2013 9:39am
    It is now the traditional peak season in China’s property’s market. During this “golden week”, a seven-day holiday coinciding with National Day, the real estate market has been on fire, reports say. Demand has been so...
  • Beijing new-home sales up 58.4% in September, CNR says

    Oct 7, 2013 9:29am
    Sales of new homes in Beijing rose 58.4 percent to 13,279 units in September from the previous month, China National Radio reported Sunday, citing data from the Beijing Municipal Commission of Housing and Urban-Rural Development. The...
  • SOCAM buys Nanjing sites for 330 mln yuan, filing says

    Oct 7, 2013 8:43am
    SOCAM Development Ltd. (00983.HK) has agreed to buy a 65 percent stake in a company that owns three land parcels in Jiangning district, Nanjing city, for 330 million yuan (US$53.95 million), it said in a regulatory filing...
  • Kaisa Group contracted sales up 28% in September, HKEJ says

    Oct 7, 2013 8:21am
    Kaisa Group Holdings Ltd. (01638.HK) said it booked 2.1 billion yuan (US$342.42 million) in contracted sales during September, a year on year increase of 28 percent and up 16 percent from the previous month, the Hong Kong...
  • China to invest in US$1 bln Manchester project, FT says

    Oct 4, 2013 9:42am
    Industrial and Commercial Bank of China Ltd. (01398.HK, 601398.CN) plans to invest in a new £650 million (US$1.05 billion) business district at Manchester airport, Financial Times reported on Thursday. A deal will be signed during the visit...
  • China developer plans London Crystal Palace rebuild, report says

    Oct 4, 2013 6:52am
    A unit of Shanghai Zhongrong Property Group Co. Ltd. has decided to invest 500 million pounds (US$810 million) rebuilding London’s Crystal Palace, a glass and iron commercial hub that burned down in 1936, Bloomberg News reported...
  • Beijing Sept second-hand home sales up 17% on Aug, paper says

    Oct 3, 2013 11:46am
    Second-hand home sales in Beijing gathered pace last month, with a total of 11,871 units changing hands as of Sept. 29, representing a growth of 17 percent from the previous month, Beijing News reported Thursday, citing...
  • Foreign retirement home operators eye greying China, SCMP says

    Oct 3, 2013 10:19am
    International retirement home operators are considering investing in China but experts say it will take a while to find a successful business model, the South China Morning Post reported Thursday. Bromme Cole, a senior housing consultant who...

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