Date
26 January 2020

Property and Construction

  • China Vanke Jan-Sept net profit up 21.3%, filing says

    Oct 30, 2013 6:28am
    China Vanke Co. Ltd. (000002.CN) said in a regulatory filing on Tuesday that its net profit in the first nine months rose 21.3 percent year on year to 6.16 billion yuan (US$1.01 billion). Revenue in the...
  • China developer eyes London investments, Bloomberg says

    Oct 29, 2013 2:18pm
    Greenland Holding Group Co., the builder of one of China’s tallest towers, plans to invest in London property after expanding in the United States, Bloomberg reported Tuesday, citing chairman Zhang Yuliang said. The state-owned developer will...
  • Property firms see new market in nursing homes, WSJ says

    Oct 29, 2013 10:37am
    Several firms that have a lengthy track record in Chinese real estate are looking to manage elderly-care facilities in the country, the Wall Street Journal reported Monday. Among those is Shanghai-based Sino-Ocean Land, which recently teamed up...
  • Chinese investors snap up distressed US buildings, WSJ says

    Oct 29, 2013 8:58am
    Chinese investors are snapping up distressed office buildings, hotels and other overleveraged commercial properties in the United States, the Wall Street Journal reported on Monday. The deals are a sign that some Chinese investors are willing to...
  • New home sales up 8% in Shanghai last week, paper says

    Oct 29, 2013 8:44am
    New home sales in Shanghai, excluding government-funded affordable housing, rose 8 percent from the previous week to 357,700 square meters during the seven-day period ending Oct. 27, Shanghai Daily reported Tuesday, citing data from Shanghai Uwin...
  • Realty sector rolling in dough as Shanghai FTZ craze catches on

    - Oct 29, 2013 7:28am
    The unit price of a nondescript office building in Waigaoqiao {外高橋}, Shanghai’s faraway suburban district that is close to virtually nothing but some container berths, can skyrocket almost threefold within just two months to 35,000 yuan...
  • Govt to unveil action plan on prefab homes in 2014, paper says

    Oct 29, 2013 6:53am
    The national housing authority will unveil next year an action plan to promote prefabricated construction of residential projects, the China Securities Journal reported Tuesday, citing an unnamed official. The policy is likely to be piloted in...
  • Profit margins have shrunk in the garment industry in the Pearl River Delta as labor costs have risen. Photo: Bloomberg

    INTERVIEW: Rising costs send HKI to the garment factory exit

    - Oct 25, 2013 5:12pm
    Diversified Hong Kong-based HKI Group will finally shutter its garment factories and retail clothing businesses in the Pearl River Delta over the next three years as profit margins unravel from rising labor costs, according to the...
  • Beijing’s new public housing scheme may foster two-tier market

    Oct 25, 2013 8:29am
    After official data indicated that new home prices in Beijing went up 20.6 percent year on year on average in September, the local government announced this week that it will boost the supply of affordable housing....
  • Nanjing may reap over 70 bln yuan from land sales, report says

    Oct 24, 2013 10:49am
    The Nanjing Bureau of Land Resources said it has successfully sold five land plots in an auction on Wednesday for a combined 7.19 billion yuan (US$1.182 billion), with China Railway Construction Corporation Ltd. (01186.HK, 601186.CN) snatching...
  • Property mortgage loans up 19%, Xinhua says

    Oct 24, 2013 10:36am
    China’s property mortgage loans were 14.17 trillion yuan (US$2.33 trillion) in the nine months to September, up 19 percent year on year, the official Xinhua news agency reported Wednesday, citing central bank data. The growth rate...
  • Beijing rolls out plan for low-cost homes, website says

    Oct 24, 2013 7:36am
    The Beijing municipal government has rolled out a plan to step up construction of low-cost houses in a fresh move to stabilize property prices, JRJ.com reported Thursday, citing an official guideline. The sale price of the...
  • China State Construction unaudited profit up 33%, filing says

    Oct 24, 2013 6:55am
    China State Construction International Holdings Ltd. (03311.HK), a subsidiary of China State Construction Engineering Corp. Ltd. (601668.CN), said its unaudited gross operating profit and share of profits of jointly controlled entities grew 33 percent to HK$2.25...
  • Evergrande to issue US$1 bln senior notes, paper says

    Oct 24, 2013 6:40am
    Evergrande Real Estate Group (03333.HK) plans to issue fixed-rate senior notes worth US$1 billion, the Hong Kong Economic Journal reported Thursday, citing an unnamed market source. The notes will mature in five years and will have...
  • Sept home prices surge in most mainland cities, NBS says

    Oct 22, 2013 11:15am
    New-home prices increased in almost all the 70 major mainland cities in September, with Beijing posting a 20.6 percent year-on-year growth, according to data posted on the National Bureau of Statistics’ (NBS) website Tuesday. Of the...
  • Wumart acquires Beijing underground property, paper says

    Oct 22, 2013 9:40am
    Wumart Stores Inc., the Chinese supermarket operator, has acquired 80,000 square meters of underground space in Beijing’s Shijingshan district for 322 million yuan (US$52.85 million), Beijing Youth Daily reported Tuesday, citing unidentified sources. It acquired the...
  • Glorious Property considers privatization, HKEJ says

    Oct 22, 2013 9:39am
    Mainland developer Glorious Property Holdings Ltd. (00845.HK) suspended shares from trading on Monday, citing a possible move to go private after just four years on the exchange, the Hong Kong Economic Journal reported Tuesday. Controlling shareholder...
  • Three eyed for farm land use rights reform, paper says

    Oct 22, 2013 7:14am
    Hangzhou, Suzhou and Guangzhou’s Nansha district are expected to make the first batch of pilot areas for land management reform, China Securities Journal reported Tuesday, citing an unnamed official. The reform will allow farm land use rights...
  • Sunac China to top 50 bln yuan annual sales target, HKEJ says

    Oct 21, 2013 1:18pm
    Sunac China Holdings Ltd.’s (01918.HK) contracted sales in the nine months to September reached more than 30 billion yuan (US$4.913 billion), 11 percent higher than its original target, the Hong Kong Economic Journal reported Monday, citing...
  • Shenzhen mulls higher deposit, rates for 2nd homes, paper says

    Oct 21, 2013 7:52am
    Shenzhen is considering an increase to the down payments and lending rates buyers will have to pay for second homes in a move to cool rapidly rising property prices, the Securities Times reported Monday, citing an...