China Economic ReviewBeijing Enterprises Holdings reported selling its 55.5% stake in Beijing's Jianguo Hotel for HK$153 million (US$19.62 million), saying it would be focusing on its core infrastructure and utilities businesses. The announcement came as the company reported an interim first half net profit of HK$210.73 million, up 15.88% year-on-year. The net got a lift from a […]
Beijing Capital Land plans to continue pursuit of a mainland stock market listing despite a rejection from the China Securities Regulatory Commission last month. Analysts said that tightening policy in the property sector would continue for at least another year but Capital Land officials said they plan to re-apply for a listing six months after […]
Farmers gathered in their hundreds in Beijing demanding more compensation for what they said was illegal seizure of their land by a government-linked developer called Tianzhu Real Estate, which is building luxury villas. Protests against land seizures have increased in the last 24 months as more farm land was expropriated for highway construction and commercial […]
Small and medium size property development companies must take measures to develop land they purchased or risk having it seized. Beijing set August 31 as the deadline for taking action. The Ministry of Land and Resources announced the deadline in March as part of its campaign to rid the property development industry of corruption, standardize […]
Tom Group is in joint venture talks with mainland book distributors including state-run Xinhua Bookstore to collaborate on property development projects, according to a South China Morning Post report. A Tom Group official explained the idea as follows: "for example, if one [of our distribution partners] has a three-storey building, we can develop it into […]