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China Binjiang Real Estate eyes RMB 1.5 bln A-shares IPO
2008-05-14 04:09:00
China's Hangzhou Binjiang Estate">Real Estate Group Co Ltd, the professional real estate developer in the country, starts up its IPO plan with the aim to raise as much as RMB 1.5 billion, market sources reported. The company plans to raise as much as 60 million shares, accounting for 11.54% of its total capital stock. ...
 
Taiwan Real Estate Heats Up
2008-05-06 03:25:00
Markets in Taiwan, one of Asia's worst laggards as an investment destination in recent years, were livened up by the Nationalist Party's victory in the March 22 presidential election. On May 20, winner Ma Ying-jeou will be inaugurated, succeeding Chen Shui-bian of the Democratic Progressive Party.During Mr. Chen's eight-year tenure, Taiwan's benchmark stock index barely budged, even as Hong Kong's shot up 75% and Shanghai's doubled. Right after Mr. Ma's victory, Taiwan's index shot up nearly 10% above where it was shortly before the vote, but after some cooling it is now 4.6% higher than on election day. ...
 
Urban real estate prices up 11% in China in Q1
2008-04-20 06:52:00
Property prices in 70 large and mid-sized Chinese cities rose 11 percent year-on-year in the first quarter, the National Development and Reform Commission (NDRC) said on Friday. The price hike is 0.8 percentage points higher than that in the previous quarter, the NDRC said in a joint statement with the National Bureau of Statistics. Prices of new apartments jumped 11.8 percent, down 0.4 percentage points from the same quarter last year, while prices of second-hand flats rose 11.5 percent, up 1.7 percentage points. ...
 
Property slide drags China stocks to 12-month low
2008-04-15 10:39:00
SHANGHAI: China's main stock index sank to a fresh 12-month low in tiny turnover on Tuesday, undermined by a continued slide in property shares. The benchmark Shanghai Composite Index ended the morning down 1.19 percent at 3,257.574 points, after hitting a low of 3,212.150.That left it below an 11-month low of 3,271.290 hit on April 3, which traders had considered technical support. The index lost 5.62 percent on Monday, posting its biggest drop since January, as property developers were hit by rumours that authorities might take fresh action to curb rises in real estate prices. Poly Real Estate Group lost 7.41 percent to 22.50 yuan after dropping 10 percent on Monday. It said its first-quarter net profit soared 230 percent, but this was partly because some of last year's sales were settled during the quarter, and investors are in any case looking toward the second half of this year. ...
 
China - Top 10 research resources
2008-04-10 16:12:00
As we continue our series of articles on the best online resources for researching global emerging property markets, we focus this week on China. Although economic growth has slowed slightly recently, China is now the 4th largest economy in the world as measured by nominal GDP and still has tremendous growth prospects over the longer term. While there are political risks and clean land title only exists in certain areas (like Shanghai), the rewards for agents and investors are potentially huge. It’s a challenging market to approach, because its regulation is relatively new and untested and there can be considerable language and cultural obstacles to overcome when establishing partnerships with reputable companies. ...
 
E-House Ranked as China’s No. 1 Real Estate Agency
2008-04-01 15:31:00
E-House (China) Holdings Limited ("E-House") (NYSE: EJ), a leading Estate">real estate services company in China, today announced it has been honored as China’s largest real estate agency and consulting company for 2007 by the China Real Estate Top 10 Committee. E-House also received awards for the best overall strength and as the best comprehensive service provider in China’s real estate agency and consulting sector. ...
 
Treasury's China real estate firm
2008-03-30 03:28:00
The company plans to seek out acquisitions in a broader number of Chinese regional markets, "with the aim of providing significant upside through the inherent growth created by the government's overwhelming commitment to infrastructure".CREO is 16.5pc-owned by London-listed Estate">Real Estate Opportunities (REO), which, in turn, is 58pc controlled by developers Johnny Ronan and Richard Barrett's Treasury Holdings.Mr Ronan owns a further 12.4pc stake in CREO, while Richard Barrett, who has been based in Shanghai for over two years, holds an additional 6.9pc. ...
 
A need for real estate authors from China
2008-03-23 19:30:00
Hi, from Tam Tree, hope you like the China Estate">real estate news blog.I need real estate authors from china to help me coverage the areas of Macau, Shanghai and Tibet Please send email if you like to participated. Thanks !tamtree@gmail.com ...
 
Shanghai housing market to stay weak
2008-03-19 14:57:00
BEIJING, March 19 -- A seemingly unyielding "wait-and-see" approach among potential home buyers might depress the local housing market for a bit longer, industry insiders said yesterday."The market is still rather weak, and it might not be able to regain its strength as quickly as we had seen in previous years," Xue Jianxiong, head of research at Shanghai Youwin Real Estate Information Services, told Shanghai Daily. "Usually March is the month when transaction volume would begin to pick up quite significantly after the traditional slack January and February when Spring Festival usually falls." ...
 
Real estate most profitable industry in China
2008-03-16 06:41:00
According to data released by the National Bureau of Statistics, average property prices in China's 70 major cities last year swelled 7.6 percent year-on-year. House rentals rose by 2.6 percent. The statistics also showed that property investment in these cities totaled 2.528 trillion yuan (US$356.06 billion), up 30.2 percent year-on-year.As a result, there are more billionaires in Estate">real estate than any other industries, and property tycoons become the darlings of major fortune rankings. Although housing prices seemed to ease a bit following the adoption of a series of tightening measures since the end of last year, huge industry profits are far from waning. ...
 
Institutional investors target Chinese real estate
2008-03-12 02:03:00
LONDON (MarketWatch) A significant portion of institutional investors expect to increase their exposure to Estate">real estate in the next few years, with China among the most popular markets following a slowdown in other regions, according to the findings of a survey.Around 41% of the investors surveyed expect to increase their asset allocation to real estate, making it the alternative asset class in which investors are most likely to ramp up exposure, the survey by PricewaterhouseCoopers found.John Forbes, U.K. real estate leader at the audit and advisory firm, said longer-term investors are looking to invest in emerging markets, and particularly ...
 
Chinese Internet Portals Tap into Online Real Estate
2008-03-08 03:42:00
SINA announced on February 25, 2008 that it would spin off its Estate">real estate and home decoration channels to set up a joint venture with real estate service provider E-House (China) Holdings Limited.Under the agreement between SINA and E-House China, the coming venture will operate SINA's real estate and home decoration channels and will team up with E-House China to explore new revenue modes. ...
 
China property market to recover soon
2008-03-04 17:47:00
China's flagging real estate market could soon recover, after shaking out the least competitive firms, the owner of prominent real estate firm Shimao Property Holdings Ltd (0813.HK: Quote, Profile, Research) said on Monday.Government austerity measures aimed at cooling the sector have caused prices in some cities to falter, especially those that previously saw heavy speculation.The market should return to normal soon, buoyed by market demand and policy adjustments, said Xu Rongmao, China's third-richest person. He did not elaborate on the policies. ...
 
Join Forces to Build the Largest Real Estate Portal in China
2008-03-02 06:32:00
SINA's Estate">real estate channel ( http://www.house.sina.com.cn ) and home decoration channel have for years been the websites of choice for many Internet users in China to obtain information on property sale and lease listings as well as home improvement and home furnishing. E-House's proprietary CRIC database system contains detailed information and transaction data on China's real estate sector including land and residential, office and commercial buildings in 30 major cities in China. The CRIC database system currently has a customer base of over 5,000 real estate developers in China. ...
 
UBS to inject US$1.4 bln into Chinese property
2008-02-27 03:44:00
UBS, one of the largest global asset managers, plans to launch a fund that will bring approximately US$1 billion into China's real estate market, in line with its marketing strategies in Asia, according to sources.On fears of the ailing European and U.S. real estate markets, the move indicates the Swiss bank’s great interest in Asian operations."The focus is on residential, and we are hoping to launch a vehicle, and we are working on details," said Mr Chen Lijian, head of China real estate for UBS Global Asset Management, adding that the company is now targeting US$300 million in capital overseas, with leverage, to bring about US$1 billion of buying power. ...
 
China real estate tycoons to visit Taiwan for fact finding
2008-02-23 09:20:00
Phoenix Satellite Television chairman Liu Changle will lead a group of China Estate">real estate tycoons to Taiwan for a fact-finding mission on commercial property starting Monday, the Economic Daily News reported, citing unnamed sources in Beijing.SOHO China Ltd chairman Pan Shiyi, Country Garden Holdings Co Ltd chairman Yeung Kwok Keung and other real estate leaders from the mainland will spend about a week on the island, the report said. ...
 
China's real estate cools off on government intervention
2008-02-19 16:22:00
China's over-heated Estate">real estate market shows visible cool-off signals in land acquisition deals in major Chinese cities over the recent two months, as the central government's tightened credit control policy and tough anti-land hoarding stance began to take effect. Many land plots in the major cities such as Shanghai, Beijing, Guangzhou, Nanjing, Hangzhou ...
 
Further Changes In China´s Real Estate Regulations
2008-02-15 16:03:00
Article 42 of the Property Rights Law allows for the expropriation of private property in the public interest in accordance with the authorization, and following procedures "provided by law." The Regulations for Administration of the Removal of Urban Houses,enacted by the State Council in 2001, previously governed expropriation, but these were made unenforceable upon implementation of the Property Rights Law. Accordingly, there are currently no laws detailing what authority is required and what procedures are to be followed for the expropriation of private property. ...
 
Kardan to Invest Up to $1.2 Billion in China
2008-02-11 16:45:00
Kardan NV, the Dutch-Israeli investor in real-estate and finance companies, plans to invest as much as 800 million euros ($1.2 billion) to develop housing and commercial centers in China and India.We see enormous demand in these markets,'' Alain Ickovics, chairman of the management board, said in an interview at Kardan's Tel Aviv headquarters. ``Go to China, go to India, and see what their needs are.'' Kardan currently has six real-estate developments in China and one in India. ...
 
Shanghai's real estate market
2008-02-05 17:17:00
Shanghai's Estate">real estate market ended last year with strong growth in all sectors and the trend is expected to continue this year.Strong domestic demand and continued interest from overseas investors, however, will augur well for the city's market, a recently released market research by property experts Savills has found. ...
 
Kardan expands Chinese real estate project
2008-02-02 03:53:00
The group adds an additional 90,035 square metres of land and approximately 252,000 square metres of building rights to the project announced mid January, when Kardan said it would develop its sixth Estate">real estate project in China after winning a tender to acquire 104,000 square metres of land for 18.4 mln eur. ...
 
China Real Estate Brokers Face Slowdown
2008-01-28 00:07:00
One of China's biggest Estate">real estate agencies, Chuanghui Real Estate, has shuttered dozens of outlets in Shanghai and other cities, leaving behind angry customers and employees, following an ill-timed expansion just as the market was peaking.Several other agencies around the country also have closed down or scaled back. ...
 
Property closures highlight need for stringent rules
2008-01-21 20:59:00
TWO recent scandals involving big real estate agencies from southern China are damaging the credibility of domestic property agencies and local experts are calling for more stringent regulations to ensure the healthy development of the sector.In November, Jiang Fei, founder of Shenzhen-based Zhong Tian Real Estate, a well-known property agency which had as many as more than 150 branches and employed 2,000 people across China ...
 
Housing transactions dwindle in China's major cities
2008-01-17 01:50:00
Sales of residential property in China's major cities dwindled drastically during the first weeks of 2008, the China Securities Journal has reported. Cities such as Beijing, Wuhan and Chongqing saw their housing transactions in the first week of the year decrease by more than 20 percent than the previous week, the report said. Housing transactions in the booming southern city of Shenzhen fell by about 38 percent and sales in Nanjing, capital of the coastal Jiangsu Province, plummeted by more than 52 percent, it said. ...
 
FPE marches into China RE market
2007-09-20 04:14:00
It is becoming a trend for foreign private equity funds to invest in Chinese real estate projects, according to a report published by Zero2IPO. Zero2IPO analyst Chu Wanglin holds that three opportunities; the 2008 Beijing Olympic Games, the 2010 Shanghai World Expo and the anticipation for appreciation of the yuan, have boosted the pace of foreign private equity funds investing in China. ...
 
China's Private Business Leaders Optimistic
2007-09-11 20:09:00
China’s economic development has progressed to a stage at which it is mature enough to overcome deepening anxieties around the world arising from the recent safety problems of Chinese manufactured products. The radical transformation of its economy over the past three decades has helped it resolve similar crises, experience demonstrates. For weeks, top Chinese officials spared no effort trying to debunk a litany of accusations from the United States and Europe over a long string of safety problems found in products made in China: toys, toothpaste and clothing involving hazardous materials or sometimes lethal ingredients. ...
 
Wong Chung-yam In The Spotlight
2007-09-05 20:09:00
Chinese investors swarmed to Jin Tai following an announcement on July 9th by the company that the elder Wong had agreed to fold his lucrative real estate properties into the company in exchange for 7 billion new Jin Tai shares, greatly expanding its existing share capital base. The elder Wong owns 80% of Towercrest Group, his Beijing-based flagship holding company, which has a combined 22.8% stake in Shandong Jin Tai through a subsidiary prior to the pending share issue. He bought into loss-making Jin Tai back in 2001, and Towercrest is its largest shareholder. ...
 
China's Housing Price Hike
2007-09-03 17:50:00
Beijing: land in short supply "The long procedure of land marketing results in the short supply of available land in Beijing," said Liu Weixin, a researcher with the Chinese Academy of Sciences. "And we must keep in mind that land is a limited resource that cannot be supplied infinitely." Furthermore, as the national political and cultural center, a great number of people flood into Beijing annually and fuel the housing market. Many graduates also choose to work and settle down here. "Huge demand and short supply has caused a price hike here," Liu observed. ...
 
China Real Estate law amended to back state expropriation
2007-09-01 16:15:00
China's top legislature amended a real Estate">estate management law Thursday, allowing the government to expropriate institutional and private houses on state-owned land for public interests. The Standing Committee of the National People's Congress (NPC) voted at its legislative session that ended on Thursday to add one clause to the General Principles of the Law on the Management of Urban Real Estate, which allows the expropriation for public interests while demanding compensation to owners. The new clause also underscores that the legal rights of the owners must be protected and residence conditions of private owners after resettlement must be guaranteed. ...
 
China's huge malls, high prices and few shoppers
2007-08-30 16:48:00
Beijing - For a closer look at China's sizzling economy, walk the marble floors of Beijing's latest luxury mall. From its Japanese-style food court selling $4 chocolate éclairs to its glittering floors of branded international fashion, Shin Kong Place is a palace of conspicuous consumption. Since 2002, China has built hundreds of malls in towns and cities, each trying to get a slice of a retail pie worth $800 billion last year. Captivated by the promise of a vast consumer class itching to spend, foreign brands have jostled for space at the table only to find a scarcity of customers. As a result, retail vacancy rates in Beijing are currently 8 percent and rising as more malls enter a crowded market. ...
 
Macquarie looks to Chinese real estate market
2007-08-28 22:14:00
BEIJING: Macquarie Group, the biggest Australian securities firm, is seeking to develop Estate">real estate trusts in China, even though financial markets are being roiled by a credit crunch and China is clamping down on property speculators. Macquarie is in talks with regulators and institutional investors including insurers and pension funds to help build a market in China, Andrew Low, head of corporate finance in Asia, said Wednesday in Beijing. The discussions are "nearing fruition," he said without elaborating. ...
 
China arrests online activist for organizing real estate price rally
2007-08-25 00:52:00
BEIJING: Chinese police have jailed a man for 14 days after he posted messages to chat rooms calling for a gathering of people angry over high real estate prices, state media and a rights group said Friday. The move appeared to be part of efforts to ratchet up already tight media and Internet controls ahead of a sensitive political congress expected in October. The Communist Party congress, held every five years, will set the agenda for the party and country for the next half-decade, and will likely include a reshuffling of some top leaders. It will also mark a renewal of party leader Hu Jintao's five-year tenure. ...
 
China developers selling bonds, shares
2007-08-23 21:40:00
SHANGHAI: Property developer Gemdale Corp said yesterday it would raise about 20 billion yuan (US$2.6bil) selling shares and bonds – part of an unprecedented series of fund raisings in China's booming real estate sector. The scramble to raise funds reflects the breakneck growth of the property market, but it is also the result of the authorities' actions to make bank loans more expensive and difficult to obtain as they seek to cool property prices and the economy. “As China's interest rates keep rising, selling bonds will help reduce capital costs and alleviate the risks of purely relying on bank loans,” Gemdale said in a statement. ...
 
Shanghai real estate tycoon faces new charges
2007-08-21 01:50:00
Shanghai real estate tycoon who served a three-year prison term after a stock market scandal has been charged with new bribery and tax offenses, a state news agency reported Saturday. Zhou Zhengyi was detained in October amid a probe of government misconduct that brought down the Shanghai Communist Party secretary and other city leaders. Prosecutors have charged him with misappropriation of funds, bribery and forging value added tax receipts, the Xinhua News Agency said, citing unidentified people in the city prosecutor's office. ...
 
Chinese Real Estate Tycoon Faces New Charges
2007-08-19 01:07:00
A Shanghai real estate tycoon who served a three-year prison term after a stock market scandal has been charged with new bribery and tax offenses, a state news agency reported Saturday. Zhou Zhengyi was detained in October amid a probe of government misconduct that brought down the Shanghai Communist Party secretary and other city leaders. ...
 
Four priorities in China real estate regulation
2007-08-17 03:02:00
At a seminar on macro economy and the real estate industry, Chen said the first priority is making low-rent housing more available. Currently low-rent houses are only available for extremely low-income families, but many low-income ones still earn too little to afford housing. The new low-rent housing policy will cover at least 18-20 percent of citizens in Beijing and Shanghai. ...
 
Housing prices to keep rising in China
2007-08-15 19:16:00
The China Real Estate Association (CREA) reported on Sunday that housing prices in China may continue to rise in the second half of the year, following the announcement that house prices over the first six months were up 16.34 percent. "The disparity between tight supply and overheating demand pushed the prices up," said Zhu Zhongyi, vice-president of the association, at a recent forum. Due to expectations of further hikes, ordinary consumers are scared into buying a house for fear that they will pay even more if they keep waiting. The growing urban population has also boosted demand. ...
 
Ascendas sets up two real estate funds in China
2007-08-11 05:47:00
Business-park developer Ascendas has set up two funds to invest in the real estate sector in China to the tune of S$1.4 billion. Ascendas China Industrial & Business Parks Fund is expected to invest up to S$600 million in industrial and business park assets. It will focus on light industrial and logistics facilities across China. The seed assets in this fund include buildings in the Suzhou Industrial Park. The second fund - Ascendas China Commercial Fund - will invest in high quality commercial properties in first-tier cities in China. ...
 
China's Zhong'An Real Estate to raise 4.0 bln hkd in Hong Kong IPO
2007-08-07 04:37:34
Zhong'An Real Estate Holdings, a real estate developer based in Zhejiang province, plans to raise at least 4.0 bln hkd through an initial public offering in Hong Kong in September or October, the South China Morning Post reported, without identifying the information source. ...
 
Beijing's campaign to crack down on illegal land acquisitions
2007-08-05 00:43:02
SHENZHEN - China's galloping property market has become a growing headache for the country's central government, which has been forced to increase the land supply while worrying that corrupt local-government officials will use the real-estate boom as an opportunity to hasten the depletion of the country's shrinking farmlands. ...
 
 
 
 
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