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21.07.26 - 01:00
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New tech wealth sparks luxury property rush in Chinese city home to ′Six Little Dragons′ (SCMP)
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A luxury penthouse in Hangzhou has set record highs for both unit price and total value of high-rise flats in the city, as new tech wealth injects fresh momentum into the market.
All 66 units at the high-end Wangtianji development's initial batch were snapped up on the first day of launch on July 16, generating 3.36 billion yuan (US$496 million) in total sales. Competition was fierce, with seven to eight bidders chasing each prime riverfront flat.
Buyers averaged 39 years old and largely......
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20.07.26 - 22:06
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SITE Centers′ Second Quarter 2026 Earnings to Be Released Monday, August 3, 2026 (Business Wire)
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BEACHWOOD, Ohio--(BUSINESS WIRE)--SITE Centers Corp. (NYSE: SITC) announced today that it intends to release its second quarter earnings after market close on Monday, August 3, 2026.
About SITE Centers Corp.
SITE Centers is an owner and manager of open-air shopping centers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company's e-mail distributions for press releases and other investor news, please click here. Contacts
For additional information:
Gerry Morgan, EVP and
Chief Financial Officer
SITE Centers Corp.
3300 Enterprise Parkway
Beachwood, OH 44122
216-755-5500...
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20.07.26 - 14:00
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Chinese immigrants emerge as pivotal players in Canada′s property market amid foreign ban (SCMP)
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Mainland Chinese immigrants were estimated to have bought as much as C$5.7 billion (US$4 billion) worth of homes in Canada last year, making them a key group of non-local investors propping up the residential property market, according to one estimate.
Ottawa barred most foreigners from purchasing homes in 2023 to cool soaring prices, initially imposing the restriction for two years before extending it until 2027.
The ban, however, exempted students, foreign workers and permanent residents.
“A......
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20.07.26 - 08:00
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Ikea′s China remodelling: parent firm puts eight former retail sites on block (SCMP)
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Ikea's parent company Ingka Group has hired property consultancy JLL as its sole sales agent to offload eight retail properties in mainland China, the multinational furniture brand's largest asset disposal since it entered the market nearly 30 years ago.
Seven of the properties were Ikea stores that ceased their operations in February. The remaining one, a site in Guiyang in the southern province of Guizhou, shut down in 2022 and has been vacant ever since, according to disclosure from JLL last......
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20.07.26 - 03:42
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Beijing steps in to stem China′s stock market decline with US$8.9b in state purchases (SCMP)
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Two state-backed firms bought Chinese stocks for about 60 billion yuan (US$8.86 billion) to stem a decline in equities, in a clear sign of government intervention amid market turbulence.
China Reform Holdings spent more than 50 billion yuan buying mainland-listed stocks, it said in a statement on Sunday night, adding that it would continue to increase holdings of companies owned by the central government. Meanwhile, China Chengtong Holdings Group said in a separate statement that it bought......
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19.07.26 - 10:30
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Why China must end the lucrative marriage between property and banks (SCMP)
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Capital seeks sanctuary. In China's property sector, however, that quest for safety had inadvertently erected a cage. The recent government takeover of Wuhan-based private lender Zhongbang Bank, expected to see a dilution of its private capital amid serious credit risks, is a calculated regulatory action. It echoes a larger and darker precedent.
A few years ago, another commercial lender, Shengjing Bank, became caught up in the Evergrande debt crisis. There was speculation property developer......
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17.07.26 - 05:30
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Research: JPM Ratings, TPs on HK Developers (Table) (AAStocks)
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Shares | Ratings | Target prices (HK$)CK ASSET(01113.HK) | Overweight | 52HENDERSON LAND(00012.HK) | Neutral | 27NEW WORLD DEV(00017.HK) | Neutral | 6.8SINO LAND(00083.HK) | Overweight | 12.5SHK PPT(00016.HK) | Overweight | 140HANG LUNG PPT(00101.HK) | Overweight | 12SWIREPROPERTIES(01972.HK) | Overweight | 30CKH HOLDINGS(00001.......
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15.07.26 - 12:06
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Mainland China′s luxury housing boom is keeping wealthy buyers at home, report says (SCMP)
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China's booming luxury housing market is keeping more wealth onshore, a trend that analysts say may pose a growing challenge to Hong Kong's still resilient high-end residential market.
A report by Gavekal Dragonomics analyst Zhang Xiaoxi said Beijing's tightening crackdown on illicit capital outflows, including through Hong Kong's “grey market”, was making domestic luxury property an increasingly attractive store of value for wealthy mainland Chinese.
While China's broader housing market......
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15.07.26 - 05:18
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China′s first-tier home prices extend 4-month rebound amid market stabilisation (SCMP)
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New home prices in four Chinese first-tier cities rose by an average of 0.1 per cent last month, extending a four-month rebound and signalling a gradual recovery in market sentiment as housing stabilisation measures gain traction.
Compared with May, home prices edged up 0.3 per cent in Shanghai and Shenzhen and by 0.2 per cent in Guangzhou, according to data released by the National Bureau of Statistics on Wednesday. However, they fell 0.3 per cent in Beijing.
Among 70 large and medium-sized......
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14.07.26 - 01:30
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Hong Kong banks sweeten mortgage rebates as competition heats up amid property rebound (SCMP)
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Hong Kong banks are raising mortgage cash rebates to their highest levels in more than two years as they compete for a growing pool of homebuyers, betting generous incentives will help them win customers even as uncertainty over US interest rate hikes lingers.
Major lenders including Bank of China (Hong Kong), Hang Seng Bank and HSBC have increased cash rebates on selected mortgages to as much as 1.4 per cent, up from around 1.2 per cent. Some smaller banks had gone further, offering up to 1.5......
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13.07.26 - 11:45
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CN Home: LONGFOR GROUP 1H Contracted Sales Down ~53% YoY to RMB16.55B (AAStocks)
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LONGFOR GROUP (00960.HK) announced its operating data for 1H26. As of the end of June, cumulative contracted sales for 1H26 amounted to RMB16.55 billion, down about 52.7% YoY. In June alone, total contracted sales amounted to RMB2.88 billion, down 55.4% YoY.~AASTOCKS Financial NewsWebsite: www.aastocks.com...
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