In Shanghai's overheated property market, buyers typically gravitate towards glossy new buildings, and the more luxurious, the better. But Ms Hebe Ting, a property investor from northern China who moved to Shanghai in 2001, has always been attracted to the traditional, specifically, the fast-disappearing early - 1900's lane houses in the former French Concession. "I didn't want to live in a big new...
China Property
China's largest banks have not stopped making new loans to property developers but are keeping such loans at low levels, executives from some of the lenders said yesterday to refute a report in a state-run newspaper. Chinese banks have been facing additional scrutiny over loans to the property sector because existing government measures have had a limited impact on cooling the overheated domestic...
The Ascott has opened three new properties in China, targeting to operate 12,000 apartment units there by 2015. The 605 new units in three cities of Tianjin, Wuhan and Xi'an will bring to more than 6,300 the number of apartments Ascott has in 34 properties across 15 cities in China. Ascott said the expansion strategy is underlined by China's rapid development and high foreign investment, which are making...
Beijing's latest move on Sunday to charge higher mortgage rates for first time home buyers may not be enough to curb the country's huge appetite for real estate investments, an analyst told CNBC on Monday. "Even with the increase in mortgage (rates), those rising costs are not even keeping pace with the rise in inflation in China, which means the real interest rate that households are looking at — the...
Property developer Keppel Land has sold more than 90 per cent of the 220 units released during the soft launch of its Seasons Park residential development in the Sino-Singapore Tianjin Eco-City. Seasons Park, comprising a total of 1,672 residences, is the first collection of eco-homes to be launched in the Keppel development in China. The average price achieved was about 11,000 renminbi or S$2,124 per...
Keppel Land has acquired two prime residential sites in China for a total of S$376 million. The two sites are in Chengdu, Sichuan province, and were acquired through its wholly-owned subsidiary Keppel Land China. The first acquisition is a 5.1 hectare area located near Dongdajie, which is Chengdu's financial district. The other is for two separate sites with a combined land area of 25 hectares. This is...
The Shanghai government has issued new rules to limit home buyers to one new apartment and will impose revised land appreciation tax as part of an effort to rein in property speculation, local media reported on Friday. Every family in Shanghai will be permitted to buy only one more home, regardless of whether it is a second-hand unit or newly built apartment, according to the new regulations. Shanghai...
Central China Real Estate, part-owned by Singapore's CapitaLand, plans to sell bonds denominated in US dollars to fund property projects, according to a statement issued to the Hong Kong Stock Exchange yesterday. Deutsche Bank AG, Nomura Holdings Inc and ING Groep NV will manage the sale and help arrange meetings with investors starting this week, according to the statement. Central China Real Estate...
Yanlord Land Group has acquired a residential development site in Shanghai for about 2.89 billion yuan ($568 million), the Singapore listed developer said yesterday in a filing with the stock exchange. The land, which was acquired in a public auction, is in Tangzhen New District in Shanghai's Pudong and has a total planned gross floor area of about 179,944 sq m, Yanlord said. The winning bid translates to...
Keppel Land says it will strengthen its focus in China through a wholly-owned subsidiary, Keppel Land China, which is being established to own and operate all of Keppel Land's properties in the country. Building on the Keppel Group's strong network and track record in 20 cities across China, Keppel Land currently has a total gross floor area (GFA) of 5.3 million square metres which translates to more than...