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.
Greenland to launch internet finance businessFriday, 27 March, 2015, 11:02pm
Mainland developer Sunac sees Kaisa going under if debt holders don’t agree restructuring deal24 Mar 2015 - 7:47pm 1 comment
China Overseas Land & Investment (COLI) yesterday announced a 33.8 billion yuan asset acquisition from its ultimate controlling shareholder, China State Construction Engineering Corporation (CSCECL), after the company reported a better-than-expected core net profit of HK$23.83 billion for last year.24 Mar 2015 - 5:25pm
Need for more action as China secondary home deals slide18 Mar 2015 - 6:00am
Shanghai-listed developer Poly Real Estate announced on Tuesday it would raise 10 billion yuan in a private placement to finance expansion and reduce indebtedness.17 Mar 2015 - 12:11pm
Country Garden plans to raise an undisclosed amount in senior notes to refinance its existing US$900 bond that will mature in 2018, the Chinese property developer said in a filing with the Hong Kong stock exchange on Thursday.27 Feb 2015 - 12:57am
Around the turn of the 20th century in New York, there was a frenzy of residential development in Harlem, to complement an “El” train that would allow for a quick commute into the business district of Manhattan.23 Feb 2015 - 11:20am 1 comment
High-yield debt issuers from the mainland's property sector will switch onshore this year as China cuts interest rates, while those developers rated investment-grade will stay abroad.21 Feb 2015 - 12:36pm
Mainland developers have started raising asking prices for some of their developments, taking advantage of the central government's credit easing measures, but cautious home buyers remain selective.
While a supportive policy environment would boost buyer sentiment and release pent-up demand, some cities were doing better than others, analysts said.20 Feb 2015 - 9:12pm
Some Chinese developers are planning to raise prices for new luxury projects in prime areas this year, in a rare sign of improving sentiment in a market that saw new home prices fall for the last eight months of 2014.24 Feb 2015 - 6:22pm
Supportive policies for homebuyers have helped trim the number of major cities suffering price falls, but sharp declines in the lower-cities last month point to a deepening polarisation in the mainland market.17 Feb 2015 - 5:36pm 3 comments
Shares at Kaisa Group Holdings fell by more than 9 per cent on Tuesday morning as the troubled Shenzhen-based property developer revealed in a stock filing that assets frozen by courts to protect creditors soared to more than US$2 billion.
Trading in Kaisa shares was halted on Monday and resumed on Tuesday.17 Feb 2015 - 10:44am
A subsidiary of Sunac China Holdings will acquire 37.85 per cent in equity and debt in Shanghai Fengdan Lishi Real Estate Development for 1.3 billion yuan (HK$1.61 billion), the company said in a regulatory filing on Tuesday.17 Feb 2015 - 9:51am
Troubled Shenzhen-based property developer Kaisa halted share trading on Monday pending the release of inside information on the company, according to a filing at the Hong Kong Stock Exchange.
Shares of the company closed at HK$1.71 on Friday.16 Feb 2015 - 10:02am
Prices of existing homes inched up in Beijing and Shanghai last month, but falling sales indicated recovery in China's housing market remains fragile, according to the latest readings of the SCMP-Century 21 index.13 Feb 2015 - 10:02pm