Shimao Property

Shimao Property is a Chinese real estate group with a portfolio of residential, commercial and
hotel properties. As of August 2012, it had approximately 70 projects at different stages of development in more than 34 cities, including Beijing, Shanghai and Guangzhou.

 

Shimao shifts strategy to build mini malls serving its nearby housing projects

Jason Hui Sai-tan's firm is thinking small. Photo: Edward Wong

Shimao Property - the mainland's No9 developer by sales last year - is changing its strategy by building more "mini" shopping malls and hotels instead of large projects, so as to speed up the turnover of assets and free up capital for future expansion.

Saturday, 18 January, 2014, 1:32am

Shimao Property pays a lower price for commercial site in Qianhai

Shimao Property Holding won a large commercial office development site in Qianhai

Shimao Property Holding won a large commercial office development site in Qianhai for 2.43 billion yuan (HK$3.07 billion) at a government auction yesterday, about 25 per cent below the previous auction in August in terms of the per-square-metre price.

28 Nov 2013 - 4:16am

Shimao to hit 2013 sales target ahead of schedule

The developer's Shimao Riviera Garden in Shanghai. Photo: Bloomberg

Shimao Property Holdings said it would achieve its full-year sales target of 55 billion yuan (HK$69.16 billion) by October, amid a positive outlook for the mainland's housing market.

21 Aug 2013 - 4:45am

Market Open:Hong Kong stocks seen higher as Huijin continues purchasing stake

Hong Kong stocks are expected to open higher, boosted by financial players as China's state-run investment arm increases its holdings in Chinese banks to shore up investor confidence in the onshore market.

10 Oct 2012 - 8:36am

Chinese property stocks hit by talk of real estate tax

Worries that Beijing may bring in new real estate curbs have led to a softening of mainland property stocks since last month. Photo: Bloomberg

Mainland property stocks fell yesterday on speculation that the central government will implement a property tax in more than 30 cities.

15 Aug 2012 - 1:33am

Beijing sticks with price-cooling measures

Beijing has reiterated its determination to keep austerity measures in place to bring down property prices, as sales volumes rebounded sharply and more and more cities start discreetly easing curbs introduced in 2010.

7 Jun 2012 - 12:00am

List could end property curbs

The central government is setting up a national database on individual property ownership, raising hopes that curbs on homebuying will be removed, allowing transaction volumes to rebound.

28 Jan 2012 - 12:00am

Shimao considers tourism property listing

Shimao Property Holdings says it has made preliminary inquiries with the stock exchange on the possibility of spinning off its hotel, tourism and leisure property business on the main board.

However, no formal listing application has yet been submitted, the company added in a filing to the stock exchange.

5 May 2011 - 12:00am

Down-payment rule fuels sell-off in property stocks

Beijing's decision to lift the threshold for land purchases and cool an overheated real estate sector has prompted a sell-off in property stocks over the past four days.

19 Dec 2009 - 12:00am

CR Land property sales soar 600pc

China Resources Land said yesterday that solid demand from both investors and end-users boosted contract property sales for the first five months by almost 600 per cent.

4 Jun 2009 - 12:00am

Mainland property plays record strong gains

Mainland property stocks extended their rally yesterday amid a flood of liquidity and relaxation of capital requirements for mainland property developers.

2 Jun 2009 - 12:00am

Companies reporting this week

Monday

27 Apr 2009 - 12:00am

Rescue plan exclusion dents property shares

Mainland property stocks tumbled yesterday after the country's economic planning agency stated that no further stimulus measures were planned for the industry.

The share slide came after National Development and Reform Commission vice-chairman Liu Tienan spoke at a press conference in Beijing.

28 Feb 2009 - 12:00am

Land auction sales decline 53pc

The amount of land sold at government auctions in 60 major mainland cities plunged 53 per cent last month from a year ago as cash-hungry developers became more cautious and put the brakes on acquisitions.

27 Feb 2009 - 12:00am

Property plays slump as home prices decline

Hong Kong-listed mainland property stocks fell sharply yesterday because the housing market was facing a lack of stimulus in the short term and home prices were continuing to weaken, market watchers said.

13 Jan 2009 - 12:00am

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