Beijing Vantone Real Estate Co Ltd<600246> yesterday announced that it plans to sell a 51% stake in a joint venture based in Chengdu, Sichuan Province, for RMB 136.13 million to Chengdu Jiaoda Real Estate, sources reported. The JV, which was set up in 2008 with a registered capital of RMB 100 million, suffered...
NEW YORK, Nov 18 - Sooner or later, office buildings and other commercial real estate financed during the credit bubble will generate hurricane-scale losses for banks. Banks in recent years have been hammered by losses...
BANGKOK, Nov 18 - A Thai court failed on Wednesday to set a date for a final ruling in a case involving environmental health concerns at the country's biggest industrial estate, which have led to...
Shanghai Rongqiao Real Estate Co Ltd, a subsidiary of Fujian-based Rongqiao Group, on Nov. 11 won bid for a piece of land in Baoshan District, Shanghai for RMB 531.66 billion, sources reported. The price is 129% higher than the asking price of RMB 231.7 million. The parcel covers a land area of 53,263.3 square...
By Zhao Qian As second-hand home sales continue to go through the roof, a government official has announced that policies bolstering the real estate industry will be gradually rolled back. The preferential real estate policies will be phased out next year, by which time home prices should have d...
Nov. 9, 2009 (China Knowledge) - Xinyuan Real Estate Co Ltd<XIN>, China's first U.S.-listed property firm, has won the bids for two pieces of residential land, one in Xuzhou, Jiangsu Province and one in Ji'nan, Shandong Province for RMB 1.31 billion in total, sources reported. The Xuzhou project, which cost RMB...
Mainland property developer Wuhan Langold Real Estate Co Ltd<002305> debuted on the GEM board on the Shenzhen Stock Exchange today and saw its shares rise 72.03% on its first day of trading.Shares of the company started trading at RMB 25, a price much higher than the IPO price of RMB 12.3. They surged...
Wolong Real Estate Group Co Ltd<600173> on Tuesday announced that it has received approval from the China Securities Regulatory Commission to issue up to 120 million new shares for RMB 800 million at most, sources reported.The proceeds from the issuance will be used to fund the second phase of...
NEW YORK, Nov 3 - Brazil, a future host of the World Cup and the Olympics, is drawing global investor interest to its real estate sector. As investors and analysts predict a wave of investment...
Shenzhen-based Excellence Real Estate Group Ltd will shelve its Hong Kong listing plan due to the weak investor demand, sources reported. The property developer said in a filing with the Hong Kong Stock Exchange that it would not proceed with the initial public offering in view of the current market conditions for...