China Overseas Land and Investment yesterday warned the worst was yet to come for the property market as it defended its low-price strategy for the launch of a luxury residential project in Shanghai, saying it would not hurt its margins.Thursday, 31 May, 2012, 12:00am
China Overseas Land & Investment, a Hong Kong-listed unit of the country's construction ministry, may develop budget housing to reduce risks in a market where the government is trying to curb prices.
'As budget housing development carries lower risks, we will consider building budget homes in China with district governments,' chairman Kong Qingping said yesterday.13 Jul 2006 - 12:00am
Property sales in Hong Kong and Macau see sharp increase as land bank grows
China Overseas Land & Investment, one of the biggest developers on the mainland, is considering a spin-off of its infrastructure assets in a restructuring that will free it to concentrate on real estate.31 Mar 2006 - 12:00am
China Overseas Land & Investment, flush with mainland sites, will slow its aggressive land acquisition and boost development spending by 25 per cent over the next five years.7 Oct 2005 - 12:00am