Posted by: Kiki.yang on Sep 06 2010

The State Council has approved land use and development plans drawn up by local governments in 10 cities, including Zhejiang provincial capital Hangzhou, Hubei provincial seat Wuhan and Henan capital Zhengzhou, according to a posting on the government's official site...

Posted by: Kiki.yang on Sep 06 2010

China Insurance Regulatory Commission (CIRC) will allow insurance companies to invest up to 10% of their total assets in commercial-use property development projects under temporary rules published on the regulator's website on September 5...

Posted by: Emily Alitto on Sep 03 2010

Chinese real estate portal SouFun Holdings expects to raise net proceeds of $6.9 million from an initial public offering (IPO) on the New York Stock Exchange (NYSE), the company said in a Securities and Exchange Commission filing on September 2...

Posted by: Kiki.yang on Sep 03 2010

Vanke (000002.SZ, 200002.SZ) recorded contract sales worth RMB 11.99 billion in the month of August, up 84.7% year-on-year, the Shenzhen-based real estate developer announced September 3. The company's contract sales represent a combined gross floor area of 915,000 square meters, up 149% year-on-year, according to the announcement.

Vanke acquired four mixed-use land parcels with a combined area of 114,429.19 square meters in Foshan, Guangdong Province for RMB 728 million in August.

Posted by: Kiki.yang on Sep 03 2010

Commercial real estate developer Shimao Property (0813.HK) recorded contract sales of RMB 2.7 billion in August, up 35% month-on-month, guandian.cn reported September 2. The company's combined contract sales for the first eight month of the year came to RMB 16.1 billion, equal to 54% of its whole year target of RMB 30 billion, according to the report.

The company has issued $500 million in 9.65% senior notes due 2017, the proceeds of which will be used to repay existing debt and finance new projects, the company announced September 3.

The company's mainland residential property development subsidiary Shanghai Shimao (600823.SH) made first half operating income of RMB 1.84 billion.

Posted by: Kiki.yang on Sep 03 2010

China's National Bureau of Statistics (NBS) will conduct inspections on vacant residential property in a number of urban districts to improve its vacancy rate calculation methods, National Business Daily reported September 3 citing NBS Director Ma Jiantang...

Posted by: Kiki.yang on Sep 02 2010

Guangdong-based real estate developer Hopson Development Holdings (0754.HK) plans to acquire 94,476.3 square meters of residential land in Shanghai for RMB 1.25 billion, guandian.cn reported September 1st.

Hopson previously reported a net profit of HK$5.8 billion in 2009, compared with HK$1.96 billion in 2008.

Posted by: Kiki.yang on Sep 01 2010

Chongqing-based real estate developer Longfor Properties (0960.HK) has acquired a 118,051-square-meter parcel in Hangzhou, Zhejiang Province for RMB 610 million, guandian.cn reported August 31. The plots have been approved for commercial and residential use, according to the report.

Longfor Properties acquired 33 adjacent land parcels in Yantai, Shandong Province with a combined area of 136.6 hectares for RMB 1.52 billion, according to reports on August 26.

Posted by: Kiki.yang on Aug 30 2010

Guangdong-based real estate developer R&F Properties (2777.HK) has acquired a 15,413.97-square-meter residential land parcel in Haikou, Hainan Province for RMB 227.2 million, guandian.cn reported August 30...

Posted by: Kiki.yang on Aug 27 2010

Shenzhen-based real estate developer Vanke (000002.SZ, 200002.SZ) has acquired four mixed-use land parcels with a combined area of 114,429.19 square meters in Foshan, Guangdong Province for RMB 728 million, guandian.cn reported August 27...

Posted by: Kiki.yang on Aug 26 2010

Chongqing-based real estate developer Longfor Properties (0960.HK) has acquired 33 adjacent land parcels in Yantai, Shandong Province with a combined area of 136.6 hectares for RMB 1.52 billion, guandian.cn reported August 26...

Posted by: Kiki.yang on Aug 26 2010

Guangdong-based real estate developer R&F Properties (2777.HK) generated net income of RMB 700.95 million in the first half of 2010, up 348% year-on-year, according to a company announcement on August 26...

Posted by: Emily Alitto on Aug 26 2010

Four real estate companies -- R&F Properties (2777.HK) subsidiary Beijing R&F, KWG Property Holding (1813.HK) subsidiary KWG Beijing, Agile Property Holding (3383.HK) subsidiary Foshan Agile and Shimao Property Holding (0813.HK) subsidiary Shimao Jianshe -- have established a joint venture to develop a 1.29 million square meter mixed-use residential and commercial project with a gross floor area of approximately 3 million square meters in Tianjin, according to a joint announcement by R&F, KWG and Agile on August 25...

Posted by: Kiki.yang on Aug 25 2010

Hangzhou-based real estate developer Greentown China Holdings (3900.HK) will lower its original construction target of 11 million square meters by around 2 million square meters, reports guandian.cn August 25 citing company Vice President Shou Bainian...

Posted by: Kiki.yang on Aug 25 2010

Guangdong-based Agile Property Holdings (3383.HK) sales under contract for the first seven months of 2010 came to RMB 12.1 billion, or 1.21 million square meters, while its sales by August 19 reached 1.36 million square meters, equal to around 53% of its full year target, the company announced August 25...