Date
21 February 2020

Property and Construction

  • 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...
  • Wharf to stay put in Hong Kong, expand in mainland, HKEJ says

    Oct 3, 2013 9:47am
    The Wharf (Holdings) Ltd. (00004.HK) said it has no plans to withdraw from the Hong Kong market, and will continue to invest in the mainland, the Hong Kong Economic Journal reported Thursday, citing chief executive Stephen...
  • Property database delay frustrates anti-graft drive, report says

    Oct 3, 2013 8:15am
    China’s plan to establish a nationwide property database, once hailed as an antidote to corruption, has stalled amid resistance from local governments that illustrates the difficulty Beijing faces in fighting widespread graft, Reuters news agency reported Wednesday. The...
  • Hubei bans developers’ lies on housing demand, Xinhua says

    Oct 3, 2013 7:48am
    Property developers in Hubei province are strictly barred from creating an “illusion of housing demand” by misleading potential buyers about the rate at which projects are selling, Xinhua reported late Tuesday, citing the provincial pricing bureau....
  • POLICY WATCH: Beijing urges local govt to avert ‘land king’

    - Oct 3, 2013 6:34am
    Beijing has unveiled a set of guidelines for local governments to avoid the creation of a new “land king”, or a plot of land sold at a record-high price. However, local authorities have a strong incentive...
  • Guangzhou district may ease housing curb, paper says

    Oct 2, 2013 12:01pm
    A price limit on new homes in Guangzhou’s Nansha district may be eased after October 10, the Southern Metropolis Daily reported Wednesday, citing several developers. The developers said they were told by a government source that...
  • Home prices up in major Chinese cities in Sept, report says

    Oct 1, 2013 1:44pm
    The average price of new homes in 100 major Chinese cities rose 1.07 percent from August to 10,554 yuan (US$1,724) per square meter in September, representing a 16th consecutive monthly gain, according data posted on real...
  • Beijing Capital Land mulls 3 bln yuan bonds sales, filing says

    Oct 1, 2013 12:39pm
    Beijing Capital Land Ltd. (02868.HK) is considering selling up to 3 billion yuan (US$490.25 million) bonds in mainland China in one or more tranches, according to a filing to the stock exchange late Monday. The bonds...
  • Zhong An Real Estate applies to spin off unit, filing says

    Oct 1, 2013 11:48am
    Zhong An Real Estate Ltd. (00672.HK) intends to spin off its China New City Commercial Development Ltd. unit and list it separately on the Hong Kong stock exchange’s main board, the company said in a regulatory...