China Economic ReviewShenzhen's municipal government has tightened rules on property sales to check prices that have risen more than 30% since January, the South China Morning Post reported. Under the measures, all units of new property must be put on sale at once to prevent speculators releasing units in small batches to control supply and maximize margins. […]
Not one condominium has been sold in Shanghai's most expensive housing project, reported state media, signaling that the city's luxury property boom is no more. Costing US$13,580 a square meter, condos in the Tomson Riviera project have set a record as the city's most expensive flats. Of the first 74 condos, the cheapest is a […]
Warburg Pincus, a US private equity firm, will invest US$31 million in mainland property developed by Legend Holdings, the parent of computer maker Lenovo, the Hong Kong Standard reported. Legend's property arm, Raycom Real Estate Development, said Warburg Pincus will develop commercial and residential projects, starting with the Olive City housing project in Beijing. Warburg […]
As Beijing seeks to slow real estate development in Chinese cities by curbing access to bank financing, developers are looking to other means to finance their projects. Shui On Land Ltd, the Chinese real-estate company that developed Shanghai's trendy Xintiandi district, said it raised US$375 million in corporate bonds to fund existing projects, The Wall […]
Beijing North Star is considering launching a real estate investment trust to raise fresh capital as its proposed US$370 million A-share listing is likely to be postponed again following recent stock market reform announcements, the South China Morning Post reported. The company, which has earmarked the funds for projects including those related to the 2008 […]