China’s property market has surged in recent years. After prices jumped 25 per cent in 2009 alone, the central government imposed austerity measures, including lending curbs, higher mortgage rates and restrictions on the number of homes each family can buy.
Wong Yam-yin, the founder and chairman of Golden Wheel Tiandi Holdings, arrived from Indonesia in 1980 to set up an office for his family’s hardware trading business. He soon found that most entrepreneurs had gained their wealth from investing in real estate.Wednesday, 11 February, 2015, 6:44am
Greenland Hong Kong, the Hong Kong-listed unit of the mainland’s largest developer by sales, announced it would diversify into internet finance this year, hoping to capitalise on the cyber world to offer financial services to cash-strapped mainland developers.11 Feb 2015 - 6:11am
Office transaction activity in Shanghai will surpass Beijing’s this year as investors are still looking to cash in on the city’s free trade zone.11 Feb 2015 - 6:01am
For Golden Wheel Tiandi Holdings, the strategy of developing properties close to metro stations on the mainland has paid off in a market downturn.11 Feb 2015 - 5:57am
Debt-ridden mainland developer Kaisa saw its shares soar on Monday after a white knight rescued it from the verge of bankruptcy.
But Kaisa’s future remains clouded, with the company saying creditors were demanding immediate repayment of about 28 billion yuan (HK$34.7 billion).9 Feb 2015 - 5:18pm
Shares of Sunac China opened 5 per cent higher on its first day of trading after taking over the cash-strapped Shenzhen-based developer Kaisa Group for HK$4.55 billion.
Trading in the stock had been suspended on January 30, the day Sunac bought 2.59 billion Kaisa shares at HK$1.8 apiece.
Sunac’s shares rose to HK$7.3 before last trading at HK$6.94 on January 30.9 Feb 2015 - 7:40pm
Shenzhen attracted eight top developers to bid for an urban redevelopment site on Friday for 888 million yuan (HK$1.1 billion), showing strong demand despite it being the epicentre of troubles besieging Kaisa Group.6 Feb 2015 - 7:46pm
Sunac China Holdings acquired 49.25 per cent shares in the troubled Kaisa Group Holdings for HK$4.55 billion, in a move that may help it avoid becoming the first mainland developer to default on offshore bond.
According to the company disclosure to the Hong Kong stock exchange, Sunac bought 2.53 billion shares in Kaisa at an average price of HK$1.8 on January 30.6 Feb 2015 - 12:18pm
Shares of Shimao Property opened strong in early trading as the company announced its US$800 million notes issue, the first international debt offering from the mainland property sector since the troubled Kaisa Group’s bond default last month.4 Feb 2015 - 12:56pm
The political instability arising from the ‘Occupy Central’ protest that took place in the fourth quarter last year has prompted many multinational companies (MNCs) to rethink their operational strategy in Hong Kong despite the fact that business operations were largely unaffected.28 Jan 2015 - 4:00am
Everyone knows that the tiny flat where most of us live in is worth millions of dollars. But only a few of us ever thought of how much did that actually cost to build.28 Jan 2015 - 3:00am 2 comments
Strong sales results of a primary project by Sun Hung Kai Properties and improved buying sentiment are expected to fuel rival developers into launching their own developments, according to analysts.
Cheung Kong (Holdings) and Henderson Land Development are expected to release their developments in the coming weeks, according to BNP Paribas property analyst Patrick Wong.28 Jan 2015 - 3:00am
Hang Lung Properties saw its core profit increase 98 per cent to HK$10.02 billion last year, driven by a sharp increase in property sales.
Revenue from property sales of the company whose chairman is Ronnie Chan Chi-chung jumped 293 per cent to HK$9.81 billion, while property rental income gained 9 per cent to HK$7.21 billion.26 Jan 2015 - 6:07pm
A pilot scheme to relocate existing industrial operators into multistorey buildings to free up land in the northwestern New Territories for housing development is expected to face strong opposition.21 Jan 2015 - 7:46am 2 comments
Mainland China’s property investment grew 10.5 per cent in 2014, down from the previous year’s rise of 19.8 per cent, as record high housing inventories will likely weigh down real estate this year, exacerbating a slowdown in the wider economy that saw the economy grow at its slowest pace in almost a quarter century.20 Jan 2015 - 11:38am