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...

Posted by: Kiki.yang on Aug 25 2010

China continues to work towards the introduction of a property tax, National Development and Reform Commission (NDRC) Finance Department Director Yu Lin said quoted by China Securities on August 25. Property taxes will form a stable main component of local government tax income, Xu said.

Reports in May cited Assistant to the Director of the NDRC's Research Institute as saying that China will not levy taxes on residential property for at least another three years.

Posted by: Kiki.yang on Aug 25 2010

Shenzhen-based real estate developer Vanke (000002.SZ, 200002.SZ) has acquired two commercial-use land parcels with a combined area of 25,399 square meters in Fuzhou, Fujian province for RMB 653 million, guandian.cn reported August 25...

Posted by: Kiki.yang on Aug 23 2010

China will develop more public rental housing projects in cities with high population densities to meet demand for housing among below average income households and migrant workers and will accelerate the construction of affordable housing projects, gov.com reports citing Vice President Li Keqiang speaking at a housing work conference on August 21...

Posted by: Kiki.yang on Aug 20 2010

Guangdong-based Agile Property Holdings (3383.HK) generated net income of RMB 3.38 billion in the first half of 2010, up 380.2% year-on-year, the company announced August 20. Agile's sales revenue for the period grew 26.2% year-on-year to RMB 7.08 billion...

Posted by: Kiki.yang on Aug 20 2010

The Ministry of Land and Resources (MLR) had received reports of 3,070 land parcels around the country being used in contravention of regulations by July 2010, of which 2,815 were being left idle, or deliberately unused as a speculation on increasing land value, 21 Century Business Herald reported August 19 citing MLR Land Use and Administration Department Director Liao Yonglin...

Posted by: Kiki.yang on Aug 20 2010

Shanghai has ordered savings & loan style housing funds from granting mortgages to applicants with multiple homes and called for greater scrutiny of loan applications for second-home purchases, including background checks into applicants' families' living arrangements, reports Oriental Morning Post August 20...