In this episode of China Money Podcast, guest Tom Delatour, CEO and co-founder of Beijing-based Century Bridge Capital, discusses the opportunities in investing in China’s residential real estate in its second-tier cities. Listen to the full interview in the audio podcast, watch an abbreviated video version, or read an interview excerpt. Q: First give us a brief introduction of Central Bridge Capital? A: We are Beijing-based and focus on investing in China’s tier two cities with regional developers to build …
In this episode of China Money Podcast, guest Nick Cao, China head of investment and capital transaction at Knight Frank, discusses China’s commercial property sector, which has gone through an explosive growth phase after early 2010, when home buyer restriction policies dragged down the residential property market. Q: Since the government launched home buyer restrictions, the commercial property sector has been going rapidly. Some are concerned about a bubble. Are you? A: It depends. I would say China’s commercial property …
According to the latest Greater China Property Market Yearly Review 2012 released by Knight Frank, the retail sector remained robust and outperformed in most major cities in 2012. This trend is likely to continue in 2013 and both retail prices and rents are set to be driven up by strong demand from international retailers and investors.
According to Knight Frank’s latest Global House Price Index report for Q3 2012, house prices around the world have risen on average by just 1% in the last 12 months. However, Europe was the only world region to see prices decline in the last year. In Asia Pacific region, although price growth is slowing, the Hong Kong house price index, with a 14.2% growth in the 12 months to September, only seconds to Brazil among 55 mainstream residential markets across …
In this episode of China Money Podcast, S&P analyst Bei Fu discusses the outlook for China’s property sector, potential policy moves and property sales predictions. She made the following comments during a teleconference call held by Standard & Poors. Listen to the full interview in the audio podcast, or read an summary below. Will China’s property market return to the path of recovery this year? S&P released a report today to upgrade the outlook for the Chinese property sector from …
Singapore-based City e-Solutions Limited announces that it has committed to make a US$25 million investment in BEA Blue Sky Real Estate Fund. The investment will be made through CES Capital, a wholly-owned subsidiary of City e-Solutions.
Asian real estate investment firm Mapletree Investments Pte Ltd. says it has reached final closing of its private real estate fund, Mapletree China Opportunity Fund II, at its hard cap or maximum target of US$1.4 billion, above the initial target of US$1.0 billion.
The leverage levels of some Chinese property developers will increase in the next 12 months after they made aggressive land acquisitions last year, but massive liquidity problems are unlikely, says Standard & Poor’s Ratings Services in a report.
The credit environment for Chinese small developers is rapidly deteriorating. The default of Chinese developer Zhejiang Xingrun Real Estate Co. may signal difficult times ahead for small developers in China, says Standard & Poor’s Ratings Services.
Canada Pension Plan Investment Board (CPPIB) says that it has formed a new venture with China Vanke Co., Ltd. Through this venture, CPPIB will invest US$250 million over time in the Chinese residential market, according to a company release.
New home prices (excluding affordable housing) in 56 cities among 70 medium-to-large-sized Chinese cities increased on a month-on-month basis in March, according to data released by the National Bureau of Statistics.
The author is Li Junheng, founder of Chinese equity research firm JL Warren Capital In response to the bearish comments made by vice chairman of China Vanke Mao Daqing, we did some analyses to verify Mao’s comments on excess housing inventory in China.
The author is Jian Chang, chief China economist at Barclays Sentiment in China’s property market has deteriorated rapidly amid daily news reports of stories about unsold homes, steep price cuts, troubled developers, and potentially massive real estate-related trust defaults.
The news of the People’s Bank of China (PBoC) urging commercial banks to prioritize home mortgages will not change the medium term downward trend in the Chinese property market, says a report by Bank of America Merrill Lynch Global Research.
Hong Kong-listed Chinese real estate firm Hang Lung Group Ltd. is getting ready to take advantage of distressed opportunities in China’s sluggish property sector.
New home prices (excluding affordable housing) in 44 cities among 70 medium-to-large-sized Chinese cities increased on a month-on-month basis in April, according to data released by the National Bureau of Statistics.
China-focused private equity firm Century Bridge Capital says that it has invested US$60 million in two joint venture real estate developments for middle-income residential projects in the Chinese cities of Zhongshan and Wuxi, according to a company announcement.
In this episode of China Money Podcast, guest Andy Chang, associate director at Fitch Ratings Asia Pacific, talked to our host Nina Xiang in Hong Kong. Chang, who does research on the Chinese property and industrial sectors, discussed his views on the coming consolidation of the Chinese property sector, why bankruptcies will be limited to the local and small developers only, and what are the biggest misconceptions investors have about the Chinese property sector. Read an excerpt below, but be …
China’s first exchange-traded Real-Estate Investment Trust (REIT), launched by Chinese brokerage firm CITIC Securities Co., began trading on the Shenzhen Stock Exchange today, according to information posted on the exchange’s website.
The author is ANZ greater China chief economist Liu Li-Gang China’s property market witnessed a bumpy start in 2014 after a double-digit property prices surge last year. The new home sales in all tiers of Chinese cities dropped sharply in the past few months, and the unsold new home inventories have picked up significantly since the fourth quarter 2013 as well.
Global private equity firm The Blackstone Group has raised over US$3.53 billion for its first Asian real estate fund, according to a securities filing submitted to the U.S. Securities and Exchange Commission on May 30.
The author is Li Junheng, founder of Chinese equity research firm JL Warren Capital We recently talked to a trust loan officer for Evergrande, and here is our conversation. Q: Tell us about Evergrande’s debt? A: Evergrande is one of our main clients, and we’ve been working closely together for a long time. To date, the total amount of lending to Evergrande is over RMB3 billion (US$480 million). I’ve worked with Evergrande on two projects: one in Guilin, Guangxi province, …
The author is Tian X. Hou, founder and CEO of Chinese equity research firm T.H. Capital At T.H. Capital’s investor conference last week, the management of Soufun Holdings Ltd. pointed out that the company can cope with the slowdown in China’s housing market with its diversified products and services.
New home prices (excluding affordable housing) fell in 35 of 70 medium-to-large-sized Chinese cities in May, up from April’s 8 cities that saw price reductions, according to data released by the National Bureau of Statistics. A total of 8 among the 70 cities saw home prices increase compared with 44 cities in April.
In this episode of China Money Podcast, guest Eric Solberg, founder and CEO of Asia-focused private equity and wealth management firm EXS Capital, talked to our host Nina Xiang. He discussed how he is preparing to invest in China’s property sector in its downturn, and why he thinks there are attractive investment opportunities in the Chinese steel sector.
The author is Nomura economist Zhang Zhiwei The municipal government of Hohhot, the capital city of Inner Mongolia, announced the abolition of the local resident purchase requirement (LRPR) for property. It is the first city to officially abolish the LRPR. We believe that the decision – which entails the implicit approval of the central government – marks a significant step in the explicit loosening of property market policy, and is consistent with our expectations. We expect other cities to follow …
China Everbright Limited (CEL) has agreed to invest approximately US$227 million in Chongqing-based and Singapore-listed Chinese property developer Ying Li International Real Estate Limited, as part of a broad range strategic partnership agreement, according to an announcement made by CEL.
The author is Chris Rynning, CEO and founder of Beijing-based private equity firm Origo Partners While the Chinese growth rate has been slowing in first half of 2014, I maintain my forecast of 7.5% GDP growth rate for 2014.
Hong Kong-based private equity real estate manager Limetree Capital Partners has raised US$339 million for its first China-focused fund, according to media reports.
The Chinese property market has corrected sharply since the beginning of the year. However, the broad equity market has largely brushed this aside, assuming that the current slow-down will be temporary and shallow. This view may be too optimistic, and the Chinese property market is likely to experience more pain going forward, says a report by BofA Merrill Lynch Global Research.
Shenzhen-based Chinese real estate trading platform Fangdd.com has completed US$80 million series B financing, according to media reports.