Ascott REIT to sell two China properties for S$198 million

Ascott Residence Trust Management Limited , as manager of Ascott Residence Trust (“Ascott REIT”), announced that Ascott REIT has through its wholly owned subsidiaries, Biyun Investments (Hong Kong) Limited and Gaoxin Investments (Hong Kong) Limited , have entered into two conditional sale and purchase agreements with an unrelated third party to divest, through the divestment …

China Vanke buys land assets of bankrupt Guangdong International Trust for $8.13 billion

China Vanke Co., Ltd announced that Guangzhou Wanxi Real Estate Co., Ltd., a wholly-owned subsidiary of the company, won the bid for the acquisition of the 100% equity interest in Guangdong Trust Real Estate Development Corporation held by Guangdong International Trust Investment Corporation (“Guangdong International Trust”),  the 100% interest of Guangdong International Trust in its …

Shui On Land sells Chongqing assets to China Vanke for 4.1 billion yuan

Shui On Land Limited  announced that its wholly-owned subsidiaries, Shui On Development and Grand Hope Limited, have entered into a transaction cooperation agreement with China Vanke Co., Ltd. and its subsidiary 重庆锦澜实业有限公司 to sell 79.2% economic interests in a bundle of assets of Chongqing Shui On Tiandi Property Development Co. Ltd. , for a total …

Central China Real Estate achieves property contracted sales of RMB1,235 million in January

  Central China Real Estate Ltd. has announced the unaudited contracted sales data for January 2017.According to the company’s announcement, in the month of January 2017, the Group achieved property contracted sales of RMB1,235 million, representing a year-on-year increase of 239.5%, with a contracted sales gross floor area of 224,678 square metres , representing a …

Central China Real Estate achieved record high contracted sales of RMB20.1 bln in 2016, up 28% yoy

Central China Real Estate Limited , the Henan-based property developer,  announced that for the twelve months ended 31 December 2016, the Group has achieved total property contracted sales of RMB20.1 billion, representing a y-o-y increase of 28.0% and overachieved the annual contracted sales target of RMB18 billion. Achieved a total contracted sales gross floor area …

Real estate investments in China rise in November, says NBS

According to the National Bureau of Statistics, in the first eleven months of 2016, the total investment in real estate development was 9,338.7 billion yuan, up by 6.5 percent year-on-year, which was 0.1 percentage point lower than that in the first ten months of this year or 5.2 percentage points higher over that in the …

Moody’s: China property sales to slow, price growth to decelerate in 2017

  Moody’s Investors Service says national sales growth in China’s (Aa3 negative) property market slowed to 38.3% year-on-year in October from 61.2% in September, and will continue to moderate following the government’s implementation of tightening measures in late September and early October. “The latest round of measures will likely also moderate property price growth in …

Fitch: More Chinese cities to take steps to slow rise in home prices

China’s central government will continue to focus on clearing housing inventories, especially in lower-tier cities, while implementing city-specific policies to tackle sharp housing price increases in higher-tier cities or cities with low inventories, Fitch Ratings says. These city-specific policies could seek to supress land prices or control demand from investors. Fitch expects China’s central and …

The Ritz-Carlton to open first all-villa property in Jiuzhaigou Valley,China

The Ritz-Carlton Hotel Company has signed an agreement with Sichuan Jiuzhai Luneng Eco-Tourism Investment Development Co. Limited to open its first all-villa property in one of China’s earliest UNESCO world heritage sites, Jiuzhaigou Valley. Located on the edge of the Tibetan Plateau in South West China, the property will enjoy striking views close to multi-level …