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  • November 28, 2014
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  1. Little-known developer buys the Shanghai Hilton

    Posted Jun 30th 2003, 12:00am by Mark O'Neill

    ... A little-known private developer from Ningbo is buying the Shanghai Hilton, the city's first five-star hotel, for US$150 million, an official newspaper reported. Yu Guoxiang, chairman ... in his 30s and his company has been involved in engineering projects and property development in the city. In 2000, a man named Yu Guoxiang paid HK$1.7 million in gambling debts in Macau run up ...

  2. Developer hits PwC with audit cash claim

    Posted May 12th 2006, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai A Shanghai-listed firm is demanding 200 million yuan in compensation from PricewaterhouseCoopers (PwC) after the money disappeared from an account it had at a securities firm. PwC has denied any wrongdoing. In a statement filed with the Shanghai Stock Exchange, Shanghai Waigaoqiao Free Trade Development, which manages and develops the Waigaoqiao bonded ...

  3. Developers told to diversify sources of capital

    Posted Mar 29th 2006, 12:00am by Mark O'Neill

    ... Mark O'Neill Mainland developers need to broaden their sources of capital and reduce their over-dependence on banks, the general secretary of the China Real Estate Association says. ... the biggest factor governing the market was land. Now, it is finance,' he said. Mr Gu called for more channels to finance the property market to cut developers' dependence on bank capital. ...

  4. Chinese carmakers grab the wheel in drive for sector development

    Posted Apr 27th 2006, 12:00am by Mark O'Neill

    ... to sell more than 200,000 of its own cars by 2010, 45,000 of them overseas, and to invest US$1.25 billion in a car assembly plant, an engine factory and in research and development centres. Mr ... in the 2006-10 period that the National Development and Reform Commission will release in the second half of the year calls for Chinese brands to account for at least 60 per cent of the market for cars ...

  5. Developers see gold in fakes market

    Posted Jan 09th 2006, 12:00am by Mark O'Neill

    ... of foreign and domestic tourists- but a gold mine to the developer able to acquire one of the last major plots in the downtown commercial area. On Wednesday last week, vice-mayor Zhou Taitong said ... interest from many Hong Kong and overseas developers, including Sun Hung Kai Properties (SHKP) and Hutchison Whampoa. The land price will be more than two billion yuan. Remy Chan, national director ...

  6. Developer bullish on foreign appeal of Shanghai's tallest building

    Posted Mar 22nd 2006, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai Chief claims strong local support for controversial project The man putting up the world's tallest building in Shanghai said yesterday that many foreign investors wanted to buy equity and that it would offer a better rat ...

  7. Shanghai fire sale belies developers' long game

    Posted Sep 12th 2005, 12:00am by Mark O'Neill

    ... Mark O'Neill A year ago, property developers in Shanghai were turning buyers away as their properties were selling like hot cakes. Today, they are struggling to get customers interested, with offers of discounts, price guarantees and presents. Last Monday, a developer announced in the city's main evening newspaper that he would return, with interest, the price ...

  8. Pudong bank probes 400m yuan loans to single borrower

    Posted Jun 08th 2006, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai Auditors uncover alleged fraud in 91 transactions involving the purchase of Shanghai luxury properties Shanghai Pudong Development Bank has launched ... website. It is unclear how the scandal will affect the bank's ambitious development plans. It wants to issue up to 700 million yuan in additional A shares and its board last month approved ...

  9. One man's freedom is hope for homeowners

    Posted Oct 31st 2009, 12:00am by Mark O'Neill

    ... Mark O'Neill In a landmark case, a judge in a mainland court has released a man who killed the agent of a developer sent to force him and his family to leave their home. In the Middle ... Zhao was one of six people sent by a city developer to force Zhang and his family to leave their home in a suburb of Benxi, so that it could build an estate of four-storey luxury villas. ...

  10. Shui On aims high in Shanghai

    Posted Jul 05th 2006, 12:00am by Mark O'Neill, Peggy Sito

    ... Mark O'Neill in Shanghai and Peggy Sito Developer seeks premium prices for Silicon Valley-style housing project despite cooling measures In what promises to be a test of mainland policies aimed at slowing China's superheated property sector, Shui On Land is banking on the boom continuing with plans to ask premium prices for its latest Shanghai project. The developer ...




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