Posted by: Sophia Fu on Nov 20 2009

Shenzhen-based retailer Maoye International Holdings' (0848.HK) wholly owned subsidiary Zhongzhao Investment Management has signed a share transfer agreement with Jiangxu Wuxi First Department Store (Group) to purchase a 90% equity interest in Wuxi Yibai Property for RMB 337.5 million, Maoye Int'l announced November 19...

Posted by: Kiki.yang on Nov 19 2009

Real estate developer Shanghai Greenland Group has purchased a 137,900-square-meter commercial and residential land parcel in Chengdu, Sichuan province for RMB 476 million, guandian.cn reported November 17 citing a Chengdu Bureau of Land and Resources announcement.

Reports in early November detailed Greenland's RMB 1.28 billion acquisition of a Shanghai land parcel.

Posted by: Tom Telford on Nov 18 2009

Shanghai-based real estate services company E-House (China) Holdings Limited (NYSE:EJ) reported net income of $34.9 million in the third quarter of 2009, an increase of 220% from the year-ago period, according to its third quarter financial report released November 17...

Posted by: Kiki.yang on Nov 18 2009

Chongqing-based real estate developer Longfor Properties has set its initial public offering (IPO) price at HK$7.07 per share, to generate estimated net proceeds of approximately HK$6.7 billion, the company announced November 18...

Posted by: Kiki.yang on Nov 18 2009

Poly Real Estate Group's (600048.SH) Shenyang subsidiary Guangtian Real Estate has purchased a 214,481-square-meter land parcel in Changchun, Jilin province for RMB 393.5 million, guandian.cn reported November 17...

Posted by: Ana Swanson on Nov 17 2009

Sina's (Nasdaq:SINA) net revenues rose 7% quarter-on-quarter on an improving advertising market to reach $96.4 million, surpassing the company's previous guidance of between $91 million and $94 million, the company, an online media and mobile value-added services provider, announced November 17...

Posted by: Kiki.yang on Nov 17 2009

Shanghai will introduce a flexible system of interest rates on mortgages for first home buyers, linked to down payment amounts, qq.com reported November 17. China Construction Bank's (601939.SH, 0939.HK) Shanghai Branch has already started linking mortgage rates to down payments, with customers who pay 40% of the mortgage initially incurring an interest rate at 70% of the national base rate, while those who put down 20-25% will be charged interest at 85% of the base rate, the report said...

Posted by: Kiki.yang on Nov 16 2009

Poly (Hong Kong) Investments (0119.HK) purchased a land parcel in Guangzhou, Guangdong province and a plot in Liuzhou, Guangxi province for a total of RMB 2.19 billion, guandian.cn reported November 16...

Posted by: Kiki.yang on Nov 16 2009

Guangdong-based real estate developer R&F Properties (2777.HK) has purchased a 71,600-square-meter residential land parcel in Guangzhou province for RMB 177 million in Guangzhou's Liwan District, guandian.cn reported November 16...

Posted by: Sophia Fu on Nov 16 2009

The Ministry of Land and Resources has ruled that residential land parcels put up for sale may be no larger than seven hectares in small cities including towns, 14 hectares in medium cities and 20 hectares in large cities, according to a posting on the ministry's website dated November 12.

Posted by: Ana Swanson on Nov 13 2009

Tesco (LSE:TSCO) has set up a joint venture to develop three shopping malls in north China, in Anshan, Liaoning province, Fushun, Liaoning province and Qinhuangdao, Hebei province, each of which will include a Tesco hypermarket as an anchor tenant, the company said Thursday...

Posted by: Sijia Xie on Nov 13 2009

Guangzhou municipal Bureau of Land Resources and Housing Management has opened the tender for the 2.64 million-square-meter land parcel around the 2010 Guangzhou Asian Games "Asian Games Town" project with a bid floor of RMB 16.5 billion, China Business News reported November 13...

Posted by: Kiki.yang on Nov 13 2009

Poly Real Estate Group (9600048.SH) has acquired the remaining 40% stake in joint venture Poly Hai Ming from Hai Ming Investment for RMB 153 million, reports guandian.com quoting Poly Real Estate's parent group, Poly (Hong Kong) Investments (0119.HK), on November 11.

Poly Hai Ming's primary asset is the Poly Yunshan International Project in Guiyang, Guizhou province...

Posted by: Kiki.yang on Nov 12 2009

Hangzhou-based real estate developer Greentown China Holdings (3900.HK) recorded contract sales of 290,000 square meters in October to book proceeds of RMB 4 billion, up 533% year-on-year, the company said...

Posted by: Ana Swanson on Nov 12 2009

Xi'an-based China Housing & Land Development (Nasdaq:CHLN) reported net income of $12.7 million in the third quarter of 2009, including a $5.7 million non-cash gain on the revaluation of derivatives and warrants...