China property developers

Developers’ caution in buying land could threaten local government finances

Even China Overseas Land & Investment, the country’s biggest listed developer by market cap, is turning cautious. Photo: Peggy Sito

"Caution" is a word commonly used by mainland developers when talking about their land acquisition plans this year. That bodes ill for some local governments that are under pressure to refinance.

Wednesday, 2 April, 2014, 2:50am

Greenland to ramp up Australian expansion

Zhang Yuliang said Greenland's overseas investments would reach 20 billion yuan this year. Photo: Jonathan Wong

Shanghai-based Greenland is speeding up expansion in Australia, setting its investment sights on Melbourne, Brisbane and Sydney. The developer also plans to cash in some of its investment, launching units in Hong Kong and Singapore this month.

7 Apr 2014 - 5:31pm

Developers in Singapore and on mainland also hit by falling margins

An agent speaks to potential buyers at a Sun Hung Kai Properties event. Developers are feeling the strain of labour costs. Photo: Reuters

The decline in profit margins at Hong Kong developers is not unique to the city, as property companies in mainland China and Singapore also face pressure from the rising cost of land, construction materials and labour.

19 Mar 2014 - 5:13am

New World China Land sees mainland China profit double

Executive director Tsang Yam-pui says NWS' priorities are infrastructure projects. Photo: Jonathan Wong

New World China Land (NWCL), the mainland property unit of New World Development, said an estimated 6.27 billion yuan (HK$7.94 billion) worth of property sales will be booked in the second-half result for the financial year ending in June. That compares to 5.39 billion yuan of sales in the year-earlier period.

7 May 2015 - 5:06pm 1 comment

Sex shop owner's insights stimulate debate among China's developers

Rattled by her message, some developers have described Ma Jiajia as 'an alien'. Photo: website

Ma Jiajia has suddenly become a famous - albeit controversial - figure in the mainland property market.

Born in the 1990s, she is the chief executive of a company that runs sex shops.

Ma was recently invited by China Vanke, the country's biggest home builder by sales revenue, to deliver a two-hour talk in which she claimed that her generation does not buy homes.

26 Feb 2014 - 12:18pm 3 comments

More defaults expected at China's property trusts

Chinese trust firms provide vital funding for many mainland developers. Photo: Reuters

China’s property trust sector will probably suffer more defaults in the next two years as thousands of small developers will be squeezed out of business by intensifying competition amid policy tightening by the government, industry analysts said.

5 Dec 2013 - 11:25am

Wharf's equity stake in Greentown a model for Hong Kong developers wanting to expand on mainland

Wharf chairman Peter Woo engineered a strategic equity partnership with Greentown China last year. Photo: Dickson Lee

For Hong Kong developers seeking to speed up their forays into the mainland market, Wharf (Holdings) offers a good case study in its equity tie-up with Greentown China, industry analysts said.

3 Dec 2013 - 10:40am

'Land kings' re-emerge in Chinese buying spree

Prospective buyers inspect a model of a development at an exhibition in Beijing. Photo: Xinhua

"Land kings" refers to a term for land transactions at record prices. Bigger and smaller players are entering the fray, added Alan Jin, an analyst at Mizuho Securities.

5 Jun 2013 - 4:40am

Wuzhou opens retail pitch in HK$1.7b offering

Shu Cecheng, the chairman of Whzhou International, says the firm plans to expand to other cities after the listing. Photo: Thomas Yau

Wuzhou International, which focuses on development and the operation of wholesale markets and commercial complexes in the Yangtze River Delta and Jiangsu province, begins the public offering today. It will close on June 5.

31 May 2013 - 4:41am

Shanghai site fetches year high of 4.6b yuan

Mainland developers' appetite for development sites is growing. Photo: Bloomberg

Mainland developers' appetite for development sites is growing, with Beijing Fu Run Tian Cheng yesterday paying the highest amount in Shanghai, .4.6 billion yuan (HK$5.83 billion), for a commercial and residential site.

30 May 2013 - 3:13am

China developers' profits fall as debt rises

China Vanke is ranked as the most competitive developer in the study.

Mainland developers recorded higher debt ratios and falling net profit last year amid stringent controls on the housing market, a survey has found. The research, which surveyed 184 mainland developers, all listed in Hong Kong, Shanghai or Shenzhen, was conducted by the China Real Estate Research Association, China Real Estate Association and China Real Estate Appraisal.

25 May 2013 - 5:24am

China Vanke follows rich Chinese to grow abroad

Yu Liang says Vanke wants to learn by partnering. Photo: Paul Yeung

Analysts are expecting more overseas expansion from China Vanke as the mainland's biggest developer prepares to branch out into Singapore, after tapping into the Hong Kong and San Francisco markets this year.

18 Apr 2013 - 5:33am

Dalian Wanda seeking to boost status

The Dalian Wanda Group has also expanded into the overseas market with the purchase of cinema operator AMC Entertainment. Photo: AFP

Hengli Commercial Properties on Wednesday said mainland-based Dalian Wanda Commercial Properties would buy a 65 per cent stake in Hengli from its chairman and controlling shareholder, Chen Changwei, at a total cost of HK$675 million.

12 Apr 2013 - 5:43am

Soho China banks big increase in net profit

Soho China banks big increase in net profit

Shares of mainland commercial property developer Soho China jumped nearly 7 per cent yesterday after it reported a 172 per cent rise in net profit, thanks to a big increase in floor area sold during the period.

7 Mar 2013 - 6:12am

New year banquet givers caught out by the new frugality

New Communist Party chief Xi Jinping has repeatedly indicated that the government will take harsh measures against lavish gift giving and corruption. Photo: Xinhua

A year ago, mainland developers were busy wining and dining  government officials at five-star hotels before the Lunar New Year.

12 Feb 2013 - 5:07am 1 comment