Beijing Capital Group said it plans to hold an IPO overseas to raise US$4 billion within the next three years. The property group plans to use funds to finance building projects in Beijing before the city hosts the 2008 Olympics. A foreign listing will require the group to reorganize its business units, which are listed […]
Category: Property
Morgan Stanley Real Estate Funds (MSREF) entered a US$50 million luxury real estate joint venture project with Shanghai Forte Land. The project, MSREF's second major investment in Shanghai's real estate market, is a 500-apartment complex in the city's Huangpu district. MSREF said that it was interested in broadening its investment in Shanghai and elsewhere in […]
Shanghai Mayor Han Zheng called for a slowing of excessive rises in property prices, in another attempt by the local government to talk down the booming market amid fears of surging housing costs. The Mayor said that overall commercial and residential property prices in 2003, estimated to have risen by at least 20%, were rising […]
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Shanghai to overhaul real estate market
Shanghai's Mayor announced that the municipal government would overhaul its booming real estate market and provide more affordable houses in order to control rapidly rising housing prices in the city. He said the city government would introduce more transparency into the market by opening up the bidding process for land sales. Shanghai will also publish […]
Shanghai's Mayor announced that the municipal government would overhaul its booming real estate market and provide more affordable houses in order to control rapidly rising housing prices in the city. He said the municipal government would also introduce more transparency into the market by opening up the bidding process for land sales. Shanghai will publish […]