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.
China's housing market entered the year on a weak note, with sales falling by almost a third last month in 10 key cities monitored by the SCMP-Creda index and prices of new homes dropping the most in more than a year in Shanghai and Chongqing.Friday, 13 February, 2015, 9:52pm
Kaisa Group’s bond and share prices took a hit on Thursday after the troubled mainland developer hinted at renegotiating its debts.17 Apr 2015 - 3:55pm
Beijing’s land market is warming up again, with three mixed-use sites sold for 3.6 billion yuan on Tuesday, rasing the total land sales to 40.9 billion yuan since January, according to mainland property data provider SouFun Holdings.18 Apr 2015 - 6:17pm
Evergrande Real Estate Group will pay a much higher interest rate than peers as it taps the offshore bond market amid the uncertainty over China’s property market in the wake of developer Kaisa’s debt problems.
The Guangzhou-based developer announced that it had priced its five-year US$1 billion senior notes due 2020 at an annual interest rate of 12 per cent.17 Apr 2015 - 3:55pm
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. Inspired by their success, Wong started investing in the property market.11 Feb 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