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Real Estate Management & Development

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  • *Mitsui Fudosan dives on share issuance news. Real estate developer Mitsui Fudosan Co dived 7 percent and was the most traded stock by turnover on news it would raise as much as $3.6 billion by issuing new shares. Exporters were mixed, with Toyota Motor Corp rising 0.5 percent, while Honda Motor Co fell 1 percent and Nikon Corp dropped 0.7 percent.

  • HONG KONG, May 26- The Chinese developer behind an eight-storey clubhouse with a billion-dollar view over Shanghai's Huangphu River is turning to lower-end coffee shops and restaurants to fill the space, as a broad anti-graft campaign puts the brakes on conspicuous spending.

  • AHMEDABAD, May 14- A low-cost housing project in Boisar, a satellite town outside Mumbai, offers a taste of how hard it will be for Narendra Modi to fulfil a pledge to provide affordable homes for every Indian family if, as expected, his party wins India's election.

  • *C.bank tells banks to relax mortgage lending-sources. BEIJING/ HONG KONG, May 13- China's central bank has asked commercial banks to speed up the granting of home loans and to set mortgage rates at reasonable levels, four sources told Reuters on Tuesday, underlining its efforts to support the flagging property market as the economy cools.

  • HONG KONG, May 13- Shanghai's top real estate agent has been forced to downsize, hurt in part by a delay in commission payments from property developers in a market facing increasing liquidity pressure and a slowdown in sales.

  • LONDON, May 12- They were crazy dreamers who dared to believe that oil and gas could be produced from beneath England's rolling green hills. Small companies such as Alkane, Egdon, Cuadrilla, Dart, Island Gas, Newton and Star bid for and won Petroleum Exploration and Development Licences in Britain's 13th onshore licensing round held back in 2008..

  • ABU DHABI, May 12- Payments for completing projects should drive revenue growth at Aldar Properties in the next two quarters, as the largest property developer in Abu Dhabi benefits from a rebound in the local real estate market, its finance chief said.

  • OSAKA/ TOKYO, May 11- Two U.S. billionaires are betting on rival cities, Tokyo and Osaka, to be the first in Japan to open casino resorts- once the government gives the go-ahead to legalise gambling.

  • OSAKA/ TOKYO, May 11- Two U.S. billionaires are betting on rival cities, Tokyo and Osaka, to be the first in Japan to open casino resorts- once the government gives the go-ahead to legalise gambling.

  • SHANGHAI, May 9- China's efforts to cool its property sector look to have been more effective than intended, as a sharp drop in construction activity and falling prices threaten what had been one of few firing engines of the world's second-largest economy.

  • HONG KONG, May 8- Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd, Asia's largest developer, went on trial on Thursday in Hong Kong's biggest corruption case since the city's anti-graft agency was formed nearly 40 years ago.

  • BEIJING, May 6- China shares ended flat on Tuesday, surrendering gains of the morning session as investor sentiment cooled on worries about rapidly slowing demand in the key real estate sector. China Vanke Co Ltd was up 0.7 percent, while Beijing Urban Construction and Investment Co Ltd gained 1.2 percent.

  • China shares up on railway sector, property mixed Tuesday, 6 May 2014 | 12:44 AM ET

    BEIJING, May 6- China shares steadied on Tuesday, with gains limited by weakness in the property sector as investors braced for any signs of financial distress among developers as the market cools.

  • BEIJING, May 5- Wang Jing, the enigmatic businessman behind Nicaragua's $50 billion Interoceanic Grand Canal, shrugs off scepticism about how a little-known entrepreneur can be driving a huge transcontinental project, insisting he's not an agent of the Beijing government.

  • BEIJING, April 26- China aims to start building more than 7 million units of public housing this year, the Ministry of Housing and Urban-Rural Development said on Saturday, signalling the latest government move to counter high property prices.

  • China's property loans climb in Q1 Friday, 25 Apr 2014 | 6:23 AM ET

    Strong demand for property loans suggests China's housing market remains resilient even if growth is cooling. China's property market has lost steam since late 2013 as authorities tightened controls on speculative buying, and as banks made it harder for home buyers and small developers to get loans.

  • NEW YORK, April 23- The board of the Port Authority of New York& New Jersey on Wednesday delayed a scheduled vote on whether to provide $1.2 billion in loan guarantees to World Trade Center developer Larry Silverstein, the latest holdup for the project.

  • Keystone pipeline decision delayed Friday, 18 Apr 2014 | 3:04 PM ET
    Pipe is stacked at the southern site of the Keystone XL pipeline in Cushing, Oklahoma.

    The Keystone XL pipeline government comment period has been extended, a move that likely postpones a final decision until after the mid-term elections.

  • HONG KONG, April 9- China Vanke Co Ltd, the country's largest listed real estate developer, is looking to invest in property firms held by state-owned enterprises as Beijing gradually relaxes its hold on government assets. As part of the government's reform plans, Beijing has promised to allow more private participation in state-owned enterprises.

  • HONG KONG, April 9- China Vanke Co Ltd, the country's largest listed developer, is interested in investing in property units of state-owned enterprises as Beijing opens up state-dominated industries to private capital. We are willing to cooperate, "Vanke president Yu Liang told a real estate forum in Hong Kong on Wednesday.