https://www.scmp.com/rss/310474/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Location, location, location. It is the mantra everyone knows in property investment. Destocking, destocking, destocking. The top leaders in China have repeated it more than three times in the past month. The message has got across: Selling down property inventories is one of the top priorities for policymakers next year. And UBS chief China economist Wang Tao explains why: “Only once property volume construction activity stops sliding and more progress has been made in closing down excess... https://www.scmp.com/business/money/article/1896569/chinas-new-mantra-eliminating-housing-glut?utm_source=rss_feed https://www.scmp.com/business/money/article/1896569/chinas-new-mantra-eliminating-housing-glut?utm_source=rss_feed Sun, 03 Jan 2016 01:17:20 +0000 The polarisation of China’s real estate market is increasing risks to the world’s No 2 economy. The frenzy in the four tier-1 cities -- Beijing, Shanghai, Guangzhou and Shenzhen, which combined account for 11 per cent of the whole country’s real estate investment adds to concerns about a sustainable recovery. “While projects in tier-1 cities generally have secure demand and larger room for average selling price expansion, not all tier-1 city projects are lucrative for developers, and the level... https://www.scmp.com/business/money/article/1896570/chinas-sizzling-land-prices-ups-risk-slowing-economy?utm_source=rss_feed https://www.scmp.com/business/money/article/1896570/chinas-sizzling-land-prices-ups-risk-slowing-economy?utm_source=rss_feed Sun, 03 Jan 2016 01:00:47 +0000 Nine out of the 10 major mainland Chinese cities tracked by the SCMP-Creda index saw a rise in new home price last month from October, and their combined sales volume picked up for the third month in a row. The gainers were led by Shenzhen, where the average new home price surged 27.7 per cent month on month in November, after declining 4.7 per cent and 3.5 per cent in the previous two months. Chengdu was the only city suffering a price drop last month of 0.5 per cent, after falling 3.22 per... https://www.scmp.com/property/hong-kong-china/article/1889706/china-new-home-price-rises-november-alongside-sales?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1889706/china-new-home-price-rises-november-alongside-sales?utm_source=rss_feed Tue, 15 Dec 2015 01:01:07 +0000 An easing in price gains helped drive up transactions in secondary home markets last month in China’s top two cities -- Beijing and Shanghai, the latest SCMP-Century 21 index showed. “The housing market towards the end of this year will buck the traditional trend of a slack season in winter time,” said property consultancy Century 21 China Real Estate, partner of the South China Morning Post for the monthly index. The average asking price for existing homes in Beijing rose only 0.01 per cent,... https://www.scmp.com/property/hong-kong-china/article/1889764/secondary-home-sales-perk-beijing-and-shanghai-after-gains?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1889764/secondary-home-sales-perk-beijing-and-shanghai-after-gains?utm_source=rss_feed Mon, 14 Dec 2015 04:00:27 +0000 Industry oversupply and a continuing anti-graft campaign are pushing up expectations that a rising number of property firms, particularly those that are financially stretched, will have to sell assets cheaply in mainland China. But experts say foreign investors will still find it hard to take advantage of such opportunities. They are keenly watching how US hedge fund Farallon Capital Management will push ahead with its recapitalisation of debt-ridden developer Kaisa Group Holdings, once a top... https://www.scmp.com/property/hong-kong-china/article/1888268/distressed-real-estate-opportunities-china-remain-elusive?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1888268/distressed-real-estate-opportunities-china-remain-elusive?utm_source=rss_feed Tue, 08 Dec 2015 04:19:01 +0000 As the Asian real estate market heads into the seventh year of a bull run, investors are playing defensively, looking at core space in the region’s most developed and liquid markets such as Japan and Australia, while shying away from China’s oversupplied secondary cities, an industry survey has found. Tokyo tops a list of 22 Asian cities for investment in the region next year, for the third straight year, while Chinese secondary cities, grouped as one, rank bottom for the second consecutive... https://www.scmp.com/property/international/article/1886516/japan-and-australia-top-spots-real-estate-investment-region?utm_source=rss_feed https://www.scmp.com/property/international/article/1886516/japan-and-australia-top-spots-real-estate-investment-region?utm_source=rss_feed Thu, 03 Dec 2015 11:00:45 +0000 New home prices in mainland China have been on the rise for seven months in a row, two private surveys showed on Tuesday, and analysts expect the trend to continue on the back of more government policies designed to aid the selling down of the industry’s record high inventories. Data from China Real Estate Index System (CREIS), run by the country’s largest real estate website Soufun, showed the average new home price across the 100 mainland cities on its radar rose 0.46 per cent in November from... https://www.scmp.com/property/hong-kong-china/article/1885454/china-home-prices-rise-seventh-straight-month?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1885454/china-home-prices-rise-seventh-straight-month?utm_source=rss_feed Tue, 01 Dec 2015 05:59:43 +0000 The internet plus strategy can help Chinese developers minimise inventories in their ongoing transformation to serve personalised housing demand from the mainland’s younger generations, said Shi Kancheng, chairman of two property firms listed in Hong Kong. China’s President Xi Jinping last month urged top economic officials to help ease property inventories, which hit a new record of 686.32 million square metres as of the end of October, more than eight times the size of Hong Kong Island. Shi... https://www.scmp.com/property/hong-kong-china/article/1884167/internet-help-chinese-developers-reduce-burdensome?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1884167/internet-help-chinese-developers-reduce-burdensome?utm_source=rss_feed Tue, 01 Dec 2015 01:02:32 +0000 Shi Kancheng, a tax official turned entrepreneur, spun off China New City Commercial Development via a separate listing on the Hong Kong stock exchange’s main board in July of last year, raising net proceeds of HK$550.8 million. That was almost seven years after Shi, now in his 50s, listed Zhong An Real Estate, which he founded in 1997, in Hong Kong. The projects of his firms are mostly in the mainland’s better developed Yangtze River Delta. The spin-off is just one of a number of similar moves... https://www.scmp.com/property/hong-kong-china/article/1885192/china-new-city-commercial-development-expanding-three-non?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1885192/china-new-city-commercial-development-expanding-three-non?utm_source=rss_feed Mon, 30 Nov 2015 07:10:07 +0000 After a few years of breakneck expansion, pioneering real estate agency Qfang needs to pause and optimise its strategy before picking up the pace again soon, its founder Liang Wenhua said. Qfang is built on a traditional agency Shihua Real Estate Company Liang founded in Shenzhen in 2000. But it is different -- as now is the internet era. “Our dream is to activate all real estate in the global village through our platform,” said Liang, who started working in the property industry since... https://www.scmp.com/property/hong-kong-china/article/1882523/after-breakneck-expansion-new-real-estate-agency-qfang?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1882523/after-breakneck-expansion-new-real-estate-agency-qfang?utm_source=rss_feed Tue, 24 Nov 2015 02:30:45 +0000 In Asia, real estate crowdfunding is mostly about presales and debts, instead of equity investment, as regulators have yet to pin down the details on how they would like to govern the fledging industry. Mainland China had 128 crowdfunding online platforms as of the end of last year, including 32 for equity, according to a report by 01caijing, which provides broader online financial services, including data and research. Although none of them are only targeting the real estate sector, many... https://www.scmp.com/property/hong-kong-china/article/1881739/real-estate-crowdfunding-booms-asia-despite-regulatory?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1881739/real-estate-crowdfunding-booms-asia-despite-regulatory?utm_source=rss_feed Mon, 23 Nov 2015 00:45:00 +0000 Mainland China developers have seen offshore financing costs reduced significantly amid a relaxed domestic lending environment that has prompted more issuers to issue debt at home. Mid-sized developer Powerlong Real Estate on Friday priced its US$200 million, three-year senior notes at 7.625 per cent, a 3 per cent saving from the rate on the senior notes it issued in 2014 -- the lowest rate the company has ever paid on offshore bonds. The issuance was four times oversubscribed, the company said... https://www.scmp.com/business/banking-finance/article/1881102/chinas-developers-take-advantage-cheaper-offshore-debt?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1881102/chinas-developers-take-advantage-cheaper-offshore-debt?utm_source=rss_feed Fri, 20 Nov 2015 11:15:30 +0000 Cash is so important to debt-ridden mainland Chinese developer Evergrande Real Estate Group that it traded record price for better payment terms in the recent purchase of a Hong Kong office tower, industry analysts said. But investors refused to buy the idea and its shares plunged 8.9 per cent at one point on Friday, after it announced the previous day it would pay HK$12.5 billion for the 26-storey MassMutual Tower in Wan Chai in Hong Kong’s most expensive office transaction on... https://www.scmp.com/property/hong-kong-china/article/1879786/chinas-evergrande-needs-make-better-use-money-analysts-say?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1879786/chinas-evergrande-needs-make-better-use-money-analysts-say?utm_source=rss_feed Tue, 17 Nov 2015 07:43:08 +0000 Price momentum built up last month in existing home markets of China’s two most important cities -- Beijing and Shanghai -- but this cooled transactions and threw the sustainability of the increases into doubt, the latest SCMP-Century 21 index showed. The average asking price in Beijing’s secondary home market rose 1.1 per cent in October from September, the fastest pace in a year. It gained even faster in Shanghai by 1.6 per cent, the quickest since at least January 2014, when the South China... https://www.scmp.com/property/hong-kong-china/article/1879215/home-price-rises-quicken-beijing-and-shanghai-october-sales?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1879215/home-price-rises-quicken-beijing-and-shanghai-october-sales?utm_source=rss_feed Tue, 17 Nov 2015 01:00:21 +0000 New home prices fell month on month in most of mainland China’s 10 major cities tracked by the SCMP-Creda index, but sales improved for a second consecutive month, boding well for the rest of this year. The average primary home price fell in eight cities last month from September. Beijing suffered the most, switching to a 9.68 per cent dive from the previous month’s gain of 7.16 per cent. Other losers include Nanjing, Guangzhou, Shenzhen, Chongqing, Chengdu, Hangzhou and Tianjin. Shanghai and... https://www.scmp.com/property/hong-kong-china/article/1879213/housing-sales-china-bolstered-new-home-prices-fall-october?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1879213/housing-sales-china-bolstered-new-home-prices-fall-october?utm_source=rss_feed Tue, 17 Nov 2015 01:00:15 +0000 Ivanhoe Cambridge, the real estate investment arm of Canada’s second-largest pension fund, is doubling its investment in mainland China and looking for opportunities in other Asian economies, including Hong Kong, Singapore, India and Japan. The company, holding C$48 billion of assets as of the end of June, aims to build up its exposure in mainland China to between US$1.5 billion and US$2 billion in the next three to four years, mainly through two partnership deals it signed in June. That is part... https://www.scmp.com/property/hong-kong-china/article/1878160/canadian-pension-fund-arm-ivanhoe-cambridge-doubling?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1878160/canadian-pension-fund-arm-ivanhoe-cambridge-doubling?utm_source=rss_feed Mon, 16 Nov 2015 02:00:39 +0000 The American Depositary Receipts of most Chinese firms fell on Friday morning, alongside the main US stock indices, after weaker-than-expected retail sales numbers added to concerns about the US growth prospect while policymakers are considering an interest rate cut as soon as next month. The ADRs of Chinese online discount retailer Vipshop Holdings tumbled after the release of a preliminary earnings report for the third quarter, of 8.6 billion yuan to 8.7 billion yuan, missing its previous... https://www.scmp.com/business/markets/article/1878767/chinese-firms-us-listed-stocks-fall-broader-market-dips-retail?utm_source=rss_feed https://www.scmp.com/business/markets/article/1878767/chinese-firms-us-listed-stocks-fall-broader-market-dips-retail?utm_source=rss_feed Fri, 13 Nov 2015 16:50:23 +0000 Share prices of most US-listed Chinese firms rose on Thursday morning, despite a fall on Wall Street driven by the materials and energy sectors on lower commodities prices and the possibility of an interest rate rise next month. Autohome, an online destination for car users in China, was the biggest gainer, up 4.84 per cent to US$33.60 as mid-morning, after closing up 2.07 per cent on Wednesday. The American Depositary Receipts of internet firm Qihoo 360 Technology rose 4.47 per cent to... https://www.scmp.com/business/markets/article/1878379/internet-firm-qihoo-360-lead-us-listed-chinese-companies-adrs?utm_source=rss_feed https://www.scmp.com/business/markets/article/1878379/internet-firm-qihoo-360-lead-us-listed-chinese-companies-adrs?utm_source=rss_feed Thu, 12 Nov 2015 17:21:35 +0000 Zhong Ao Home Group, a mainland property management firm, will start a public offering of 224 million shares today to raise up to HK$459 million to support growth through mergers and acquisitions. Trading on the Hong Kong stock exchange is expected to commence on November 25, with the initial public offering price range having been set at HK$1.72 to HK$2.05 per share. The 10-year-old company, based in Guangzhou, competes with two major rivals already listed in Hong Kong – Colour Life and China... https://www.scmp.com/property/hong-kong-china/article/1878234/mainland-property-management-firm-zhong-ao-home-hk459-ipo?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1878234/mainland-property-management-firm-zhong-ao-home-hk459-ipo?utm_source=rss_feed Thu, 12 Nov 2015 12:30:05 +0000 Some US-listed Chinese stocks rebounded on Wednesday after China published better-than-expected retail sales figures, although deflationary pressure remains in the world’s second-largest economy. However, the American depositary receipts of e-commerce giant Alibaba Group Holding fell from pre-market  trading gains to stand 2.92 per cent lower at US$79.05 in late morning activity. This was despite reports of record high online sales for its Singles’ Day shopping festival. The stock has lost 5.5... https://www.scmp.com/business/global-economy/article/1878046/chinese-stocks-rise-after-retail-sales-data?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/1878046/chinese-stocks-rise-after-retail-sales-data?utm_source=rss_feed Wed, 11 Nov 2015 16:45:01 +0000 The American Depositary Receipts of all but one Chinese firm fell mid-morning on Tuesday, as Wall Street opened lower a day after its steepest drop in six weeks on the rising possibility of an interest rate rise in December and worries about Chinese economic growth. Vipshop Holdings, an online discount retailer for brands in China, lost 4.7 per cent to US$19.90.   Sina Corp, an online media company serving Chinese communities around the world, fell 4.9 per cent to US$48.80. Bitauto Holdings, an... https://www.scmp.com/business/markets/article/1877682/most-adrs-chinese-firms-trading-us-down-mid-morning-after-wall?utm_source=rss_feed https://www.scmp.com/business/markets/article/1877682/most-adrs-chinese-firms-trading-us-down-mid-morning-after-wall?utm_source=rss_feed Tue, 10 Nov 2015 16:58:25 +0000 Kaisa Group Holdings, the first mainland Chinese developer to have defaulted on its offshore bonds, is close to a debt restructuring deal to revive itself from the brink of bankruptcy, but investors still need to be mindful of other developers with weak sales execution and high levels of leverage. Almost a year ago, Kaisa’s crisis snowballed quickly from a ban by Shenzhen’s housing bureau against the sale of some key projects for reasons still unexplained by both sides yet widely known to the... https://www.scmp.com/property/hong-kong-china/article/1877353/chinas-kaisa-track-revival-few-other-developers-rating?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1877353/chinas-kaisa-track-revival-few-other-developers-rating?utm_source=rss_feed Tue, 10 Nov 2015 03:00:08 +0000 Most American Depository Receipts of Chinese firms dropped on Monday and US stocks retreated after a six-week rally, as the increased probability of an interest rate increase rippled through global markets, sending bonds down with emerging market assets. Soufun Holdings, China’s real estate internet portal, fell 4.1 per cent to US$7.05 in mid-morning trade in New York, after gaining 6.8 per cent last week. E-commerce giant Alibaba lost 2.7 per cent to US$81.40, in its third consecutive day of... https://www.scmp.com/business/markets/article/1877299/chinas-adr-decline-us-trade-interest-rate-concerns?utm_source=rss_feed https://www.scmp.com/business/markets/article/1877299/chinas-adr-decline-us-trade-interest-rate-concerns?utm_source=rss_feed Mon, 09 Nov 2015 18:27:06 +0000 Landsea Green Properties, a Hong Kong-listed mainland China developer, announced on Thursday it will raise HK$340 million in net by selling new shares and perpetual securities to a subsidiary of Ping An Insurance Group, in the latest tie-up between the country’s cash-rich insurers and developers that are seeking cheaper funds to finance their expansion. With that, Ping An Real Estate will become the second-largest shareholder with a stake of 14.4 per cent, while Landsea’s mainland parent Landsea... https://www.scmp.com/business/companies/article/1875863/ping-buy-about-14-cent-stake-chinese-green-developer-landsea?utm_source=rss_feed https://www.scmp.com/business/companies/article/1875863/ping-buy-about-14-cent-stake-chinese-green-developer-landsea?utm_source=rss_feed Thu, 05 Nov 2015 02:22:03 +0000 Beijing raked in nearly 30 billion yuan in the last two weeks of October, selling 12 parcels into a white hot land market to which almost all the country’s developers are flocking. While a boost to the capital’s fiscal income, it also presents it with a dilemma: a possible oversupply of expensive homes versus an undersupply of modest ones for average, middle-class families. “All developers are now increasing their presence in tier-one cities like Beijing,” said Guo Yi, marketing head at Yahao... https://www.scmp.com/property/hong-kong-china/article/1875202/bidding-beijing-land-heats?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1875202/bidding-beijing-land-heats?utm_source=rss_feed Tue, 03 Nov 2015 03:20:25 +0000 Most American Depository Receipts of Chinese firms rose in early New York trade on Friday, although the broader US stocks took a breather as government data revealed feeble growth in wages and consumer spending. For October, the market is on track for its strongest showing in four years. China’s real estate internet portal Soufun Holdings rose 4.1 per cent to US$7.10 in late morning trading, as the country’s ending of its decades-old one-child policy on Thursday led to expectations of demand for... https://www.scmp.com/business/markets/article/1874335/chinas-adrs-rise-early-us-trade-soufun-climbing-4-cent?utm_source=rss_feed https://www.scmp.com/business/markets/article/1874335/chinas-adrs-rise-early-us-trade-soufun-climbing-4-cent?utm_source=rss_feed Fri, 30 Oct 2015 19:01:12 +0000 Ping An Insurance (Group), China's No 2 insurer, this week took its first step to diversify into US logistics properties, after snapping up trophy office towers in major Western cities. The Shenzhen-based group on Tuesday announced the launch of a joint venture in the United States to buy long-term high-quality assets, and has committed to an initial investment in a logistics portfolio of more than US$600 million, already occupied by some of the world's top companies. The venture, with US... https://www.scmp.com/business/global-economy/article/1873513/ping-us600-million-joint-venture-buy-western-properties?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/1873513/ping-us600-million-joint-venture-buy-western-properties?utm_source=rss_feed Wed, 28 Oct 2015 16:45:45 +0000 With new home sales expected to slow in the next decade, mainland developers are looking to find another gold mine in serving the families who own the homes they have built. They know them well and can easily provide them with everything from food, education and health care to consumer loans. Pioneers including Colour Life, the first listed entity to specialise in such services, have led the way and more developers are now following in their footsteps. Evergrande Real Estate, China’s biggest... https://www.scmp.com/property/hong-kong-china/article/1872853/china-developers-unearth-new-gold-mine-serving-home-owners?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1872853/china-developers-unearth-new-gold-mine-serving-home-owners?utm_source=rss_feed Tue, 27 Oct 2015 07:45:30 +0000 In the past, mainland China’s real estate agents sat in the office and waited for their clients to come. They made handsome commissions, taking advantage of the information gap between sellers and buyers. Anyone still doing so should worry about their survival now. Internet-based rivals like Fangdd.com have totally changed the rules of the game. The competition is now more about value-added services and financial products to facilitate transactions. “The integration between online and offline is... https://www.scmp.com/property/hong-kong-china/article/1872120/chinas-property-agencies-crossroad-embrace-internet-or-risk?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1872120/chinas-property-agencies-crossroad-embrace-internet-or-risk?utm_source=rss_feed Tue, 27 Oct 2015 00:31:10 +0000 A state-owned developer set a Beijing land price record of 75,000 yuan per square metre last week, adding fuel to an already heated debate about how to make a profit from such expensive plots of land. If history is any guide, the risks are worth it, with the capital’s home prices rising so rapidly that aggressive acquirers reaping handsome profits. However, there are rising fears the next chapter may be different, especially given mainland economic growth is slowing more rapidly than expected,... https://www.scmp.com/property/hong-kong-china/article/1872244/state-developer-sets-land-price-record-beijing?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1872244/state-developer-sets-land-price-record-beijing?utm_source=rss_feed Mon, 26 Oct 2015 07:29:32 +0000 Developer Country Garden is on track to become the first mainland corporate issuer of Islamic bonds, opting to issue them in Malaysia rather than in Hong Kong, where it is listed, despite many years of efforts by Hong Kong to establish itself as a regional Islamic finance hub. No details of the plan to raise 1.5 billion Malaysian ringgit (HK$2.73 billion), based on the sharia principle of murabahah, have been revealed, including the coupon rate and tenor, since the proposal was announced on... https://www.scmp.com/business/companies/article/1871890/country-garden-sukuk-issuance-blow-hong-kongs-islamic-finance?utm_source=rss_feed https://www.scmp.com/business/companies/article/1871890/country-garden-sukuk-issuance-blow-hong-kongs-islamic-finance?utm_source=rss_feed Sun, 25 Oct 2015 06:30:30 +0000 The American Depository Receipts of most Chinese firms jumped in early trade on Friday, as Wall Street surged after China announced a sixth interest rate cut in less than a year to boost its sputtering economy. The country’s e-commerce giant Alibaba Group Holdings climbed 4.7 per cent to US$74.30 in late morning trade.  Online travel platform Qunar Cayman Islands rose 6.4 per cent to US$39.44. It has gained 40 per cent in four days. And Bitauto Holdings, an internet content and marketing... https://www.scmp.com/business/markets/article/1871604/rate-cut-china-spurs-chinese-share-wall-street?utm_source=rss_feed https://www.scmp.com/business/markets/article/1871604/rate-cut-china-spurs-chinese-share-wall-street?utm_source=rss_feed Fri, 23 Oct 2015 18:15:45 +0000 Beijing’s Xicheng tops a list of 226 districts across 23 mainland cities in terms of annual housing inflation of 33.9 per cent in the first eight months, a special report by Hong Kong-based consultancy Real Estate Foresight showed. Their average new home price gain was only 1.8 per cent. Gainers outnumbered losers by 123 versus 103. The worst performer suffered a fall of 33.6 per cent. “Performance within a city can vary widely across different districts,” said the consultancy’s founder and... https://www.scmp.com/property/hong-kong-china/article/1871315/xicheng-district-beijing-records-chinas-fastest-home-price?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1871315/xicheng-district-beijing-records-chinas-fastest-home-price?utm_source=rss_feed Fri, 23 Oct 2015 00:18:06 +0000 The American Depository Receipts of most Chinese firms rose in early trade on Thursday, amid a sharp rally across US stocks on remarks from the European Central Bank that it may roll out further monetary stimulus in December. Vipshop Holdings, an online discount retailer for brands in China, saw its shares jump 5 per cent to US$19.05 as of late morning trade in New York. Ctrip.com International, a one-stop travel services firm, rose 3.6 per cent to US$74.81. Other big gainers include Alibaba... https://www.scmp.com/business/markets/article/1871258/american-depository-receipts-rise-early-trade-amid-positive?utm_source=rss_feed https://www.scmp.com/business/markets/article/1871258/american-depository-receipts-rise-early-trade-amid-positive?utm_source=rss_feed Thu, 22 Oct 2015 16:45:30 +0000 The American Depository Receipts of most Chinese firms tumbled in early trade on Wednesday, after the biggest fall in a month in the Shanghai Composite Index on speculation a recent rally was overdone and amid fresh signs of a slowdown in the global economy. E-commerce giant Alibaba Group Holdings lost 2.9 per cent to US$69.68 in late morning trade after closing down 1.18 per cent in the previous trading session. The other big losers include YY and Jumei International Holding, which fell 3 per... https://www.scmp.com/business/markets/article/1870714/chinese-firms-tumble-early-trade-us?utm_source=rss_feed https://www.scmp.com/business/markets/article/1870714/chinese-firms-tumble-early-trade-us?utm_source=rss_feed Wed, 21 Oct 2015 17:38:04 +0000 Chinese e-commerce giant Alibaba Group Holdings suffered a 1 per cent fall in its American depository receipts to US$71.92 in late morning trade on Tuesday despite the latest move in its ramping up of its global ambitions. The company announced on Tuesday the appointment of country managers to run its British and Italian offices, as it hopes to become the gateway to China for European brands selling on e-commerce platforms to meet Chinese consumers’ growing demand for global top products. The... https://www.scmp.com/business/markets/article/1870217/alibaba-down-early-us-trade-despite-widening-ambitions-uk-and-italy?utm_source=rss_feed https://www.scmp.com/business/markets/article/1870217/alibaba-down-early-us-trade-despite-widening-ambitions-uk-and-italy?utm_source=rss_feed Tue, 20 Oct 2015 17:40:56 +0000 Sales performance diverged last month in Beijing and Shanghai, mainland China’s two most important housing markets, but both saw prices of existing homes hitting new records, the latest SCMP-Century 21 index showed. Secondary market home prices rose 1.3 per cent in Shanghai in September from August, the fastest monthly gain since at least December 2013, when the index compiled by the South China Morning Post and mainland consultancy Century 21 Real Estate came into being. That took average... https://www.scmp.com/property/hong-kong-china/article/1869920/shanghais-month-month-gain-existing-home-price-picks?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1869920/shanghais-month-month-gain-existing-home-price-picks?utm_source=rss_feed Tue, 20 Oct 2015 00:07:42 +0000 To gauge the buying demand among mainland Chinese for domestic and overseas residential properties, the South China Morning Post and consultancy Century 21 China Real Estate have partnered on a quarterly sentiment survey. In the seventh poll conducted in Beijing and Shanghai in the third quarter, 304 Century 21 clients responded, compared with 181 in the second quarter. The latest one showed 13 per cent of the respondents would like to buy a home in the next three months, which was the highest... https://www.scmp.com/property/hong-kong-china/article/1869883/mainland-chinese-show-record-high-interest-buying-and?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1869883/mainland-chinese-show-record-high-interest-buying-and?utm_source=rss_feed Tue, 20 Oct 2015 00:07:42 +0000 New home sales in mainland China’s major cities failed to live up to expectations and prices fell in three of the four tier-1 cities, according to the latest SCMP-Creda index, putting on more pressure for developers to increase their destocking efforts. Primary home prices fell respectively by 5.6 per cent in Guangzhou, 3.5 per cent in Shenzhen and 0.9 per cent in Shanghai last month from August. But they gained in the remaining seven cities, led by a 7.1 per cent jump in Beijing, the highest... https://www.scmp.com/property/hong-kong-china/article/1869930/china-housing-market-disappoints-september?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1869930/china-housing-market-disappoints-september?utm_source=rss_feed Mon, 19 Oct 2015 11:03:21 +0000 New York-listed Chinese developer Xinyuan Real Estate will build its fourth project in the United States in Manhattan. It also plans to raise a fund for investment at a time when the Chinese housing market is struggling to shake off a burdensome glut. Its third US project, launched for sale last year, fetched the highest price ever in the trendy Williamsburg neighbourhood of Brooklyn in New York, as a penthouse was recently sold for US$6.5 million. Five remaining penthouses in the 216-unit... https://www.scmp.com/property/international/article/1866965/chinese-developer-xinyuan-launch-fourth-us-project-manhattan?utm_source=rss_feed https://www.scmp.com/property/international/article/1866965/chinese-developer-xinyuan-launch-fourth-us-project-manhattan?utm_source=rss_feed Tue, 13 Oct 2015 15:23:46 +0000 With or without an interest rate rise by the United States Federal Reserve, Chinese love for US real estate is only going to grow. But will that come at the cost of a retreat in their appetite for European properties? Europe's real estate in the past two years has attracted strong investment from across the world, including North America, due to the quantitative easing monetary policy and a weaker currency. But data from global property consultancy CBRE showed Chinese investment into US... https://www.scmp.com/property/international/article/1866964/chinese-buyers-appetite-us-property-may-hit-european-deals?utm_source=rss_feed https://www.scmp.com/property/international/article/1866964/chinese-buyers-appetite-us-property-may-hit-european-deals?utm_source=rss_feed Tue, 13 Oct 2015 15:15:00 +0000 Less than half a year into his new job as the chief financial officer of Xinyuan Real Estate, George Liu had 40 meetings last month in New York with global investors, to address concerns including the company's finances and China's economic slowdown. A Cornell University MBA graduate, Liu previously worked as chief financial officer in Asia-Pacific for global property consultancy Savills. His plan for Xinyuan, an early adventurer in Chinese developers' rising overseas expansion, is to raise a US... https://www.scmp.com/business/companies/article/1866953/developer-xinyuan-issue-onshore-bonds-cut-funding-costs?utm_source=rss_feed https://www.scmp.com/business/companies/article/1866953/developer-xinyuan-issue-onshore-bonds-cut-funding-costs?utm_source=rss_feed Tue, 13 Oct 2015 15:01:29 +0000 With or without a US Fed rate rise, Chinese love for US real estate is only going to grow. But will that come at the cost of a retreat in their appetite for European properties? Europe in the past two years has attracted strong investment from across the world, including North America, in its real estate market, due to the quantitative easing monetary policy and a weaker currency. But data from global property consultancy CBRE showed Chinese investment into US commercial real estate totalled... https://www.scmp.com/property/article/1866858/some-chinese-buyers-quitting-london-property-deals-amid-rising-interest-us?utm_source=rss_feed https://www.scmp.com/property/article/1866858/some-chinese-buyers-quitting-london-property-deals-amid-rising-interest-us?utm_source=rss_feed Tue, 13 Oct 2015 00:00:15 +0000 Mainland authorities plan to increase oversight of internet-based car-booking firms such as Uber and Didi Kuaidi, amid their rising threat to traditional taxi operators, according to draft rules announced yesterday. The Ministry of Transport said online car-booking companies must be licensed, have their prices guided by the government or decided by market competition, and set up their servers on the mainland. In addition, foreign-invested operators must pass national security rules. They also... https://www.scmp.com/news/china/society/article/1866188/china-put-uber-and-rivals-under-multi-regulatory-scrutiny?utm_source=rss_feed https://www.scmp.com/news/china/society/article/1866188/china-put-uber-and-rivals-under-multi-regulatory-scrutiny?utm_source=rss_feed Sat, 10 Oct 2015 18:50:37 +0000 in the deadlocked traffic clogging up Chinese highways during public holidays, developers see potential gold mines waiting to be exploited. Tourism properties are now emerging as their playground of choice to share in China's consumption-driven growth. In a blueprint by China's State Council, domestic tourism will be an industry of 5.5 trillion yuan (HK$6.7 trillion) by 2020, up from three trillion yuan last year. Such potential boosted the number of tourism property projects to 7,965 last year,... https://www.scmp.com/property/article/1864665/mainland-developers-restructuring-cash-chinas-tourism-boom?utm_source=rss_feed https://www.scmp.com/property/article/1864665/mainland-developers-restructuring-cash-chinas-tourism-boom?utm_source=rss_feed Tue, 06 Oct 2015 12:00:00 +0000 While public sentiment about home prices is souring quickly in Hong Kong on concerns about the slowing economy and rising interest rates, a growing number of households in China are expecting prices to rise under the government's supportive measures, surveys showed. China's economic slowdown weighs heavily on both, but Hong Kong is maintaining curbs enacted since 2012 including heavier stamp duty against non-local buyers, while China's central authorities have been relaxing policies in the past... https://www.scmp.com/business/china-business/article/1864093/hong-kong-and-china-diverge-over-home-buying-sentiment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1864093/hong-kong-and-china-diverge-over-home-buying-sentiment?utm_source=rss_feed Sun, 04 Oct 2015 15:30:15 +0000 Business leaders' confidence in China's yuan currency remains in tatters even though foreign exchange markets seem to have calmed down, with both onshore and offshore yuan firming at the end of September. Marc Vandiepenbeeck, Asia-Pacific corporate treasurer at US manufacturing giant Johnson Controls, was among those shocked by the renminbi's devaluation, which, the authorities said, was a move towards a more freely floating currency regime. "I'm not convinced by the official explanation. If... https://www.scmp.com/business/china-business/article/1863690/business-leaders-confidence-yuan-currency-remains-low?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1863690/business-leaders-confidence-yuan-currency-remains-low?utm_source=rss_feed Fri, 02 Oct 2015 16:40:42 +0000 Hong Kong’s public views on property prices reversed for the first time since 2013, according to the latest survey, with 31 per cent of respondents predicting a fall versus 13.9 per cent for a rise in the coming year. A majority 77.3 per cent of the 762 adults interviewed via phone by the Hong Kong Institute of Asia-Pacific Studies at the Chinese University of Hong Kong on September 21-24 indicated now is not an appropriate time to buy homes, and that 91.9 per cent regard current prices as too... https://www.scmp.com/property/hong-kong-china/article/1863533/hong-kong-public-expects-property-prices-fall-coming-year?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1863533/hong-kong-public-expects-property-prices-fall-coming-year?utm_source=rss_feed Fri, 02 Oct 2015 08:15:00 +0000 The People's Bank of China cut the down payment for first home buyers to 25 per cent from 30 per cent on Wednesday in another move to stimulate housing demand, and analysts anticipate more steps will follow to help speed up destocking. The latest move would not apply to the four tier-one cities - Beijing, Shanghai, Guangzhou and Shenzhen - or Sanya in Hainan province, where home purchase restrictions would remain in place, the central bank said. Because of those exclusions, "the impact of the... https://www.scmp.com/business/china-business/article/1863047/chinas-central-bank-cuts-down-payment-first-home-buyers?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1863047/chinas-central-bank-cuts-down-payment-first-home-buyers?utm_source=rss_feed Wed, 30 Sep 2015 16:15:45 +0000 The People’s Bank of China cut the down payment for first home buyers to 25 per cent from 30 per cent  on Wednesday in another move to stimulate housing demand on the mainland, and analysts anticipate more steps will follow to help speed up destocking. The latest move would not apply to the four tier-one cities – Beijing, Shanghai, Guangzhou and Shenzhen – or Sanya in Hainan province, where home purchase restrictions would remain in place, the central bank said.   Because of those exclusions,... https://www.scmp.com/property/hong-kong-china/article/1862787/chinas-central-bank-cuts-down-payment-first-home-buyers?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/1862787/chinas-central-bank-cuts-down-payment-first-home-buyers?utm_source=rss_feed Wed, 30 Sep 2015 09:30:00 +0000