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Real Estate Development

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  • 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.

  • FENGHUA, China, April 3- To understand why many of China's small property developers are struggling, look no further than Zhejiang Xingrun Real Estate. The once little-known regional developer is now on the brink of becoming one of China's biggest real estate bankruptcies in recent memory. Some markets saw outright price declines, in particular Ningbo.

  • SHANGHAI, April 2- Mainland property stocks soared on Wednesday after state media reported that several cities may relax house ownership restrictions. The CSI300 property sub index was up 4.1 percent in morning trading, led by Hua Yuan Property Co Ltd and Beijing Capital Development Co Ltd which both reached their daily 10 percent trading limits.

  • Why Wilbur Ross likes European property     Monday, 31 Mar 2014 | 8:07 PM ET

    Wilbur Ross, Chairman & CEO of WL Ross, says an influx of Europeans are snatching up property in Mediterranean nations, which makes them attractive.

  • WASHINGTON, March 20- Emily Hanson would like to buy a house, but she worries that she and her husband may have to move across the country to achieve their goal. In December, Emily, a 30- year-old student, and Nels Hanson, a 33- year-old software developer, began searching in Boston, where a shortage of homes for sale has driven up prices.

  • Chinese stocks fall on property sector concerns Wednesday, 19 Mar 2014 | 3:07 AM ET

    HONG KONG, March 19- China shares fell on Wednesday, pulled down by the property sector as the country's central bank denied it had been involved in talks to assist a small developer at risk of bankruptcy. The CSI300 of the leading Shanghai and Shenzhen A-share listings slipped 0.8 percent.

  • China shares end mixed as property stocks weak Tuesday, 18 Mar 2014 | 3:07 AM ET

    HONG KONG, March 18- Early modest gains for China shares were largely erased on Tuesday afternoon on declines by property stocks following home-price data and concern that a local developer could default. The CSI300 of the leading Shanghai and Shenzhen A-share listings shed 0.2 percent.

  • HONG KONG/ SHANGHAI, March 18- China shares rose on Tuesday, in spite of home-price data that hurt property stocks and a mainland media report that a local developer could default on a large loan. Hong Kong shares posted their first gains after four straight days of losses, but investors remained cautious on concerns over Chinese economic growth prospects.

  • RIYADH, March 13- Saudi Arabia's government has launched a new scheme to provide housing aid to its citizens, in the hope of ending a shortage of homes which has depressed living standards and is politically sensitive for the government.

  • MACAU, March 12- Galaxy Entertainment Group Ltd and Melco Crown Entertainment Ltd look best placed to benefit from the next phase of Macau's development as the world's gambling capital adds eight more mega-casinos by 2017..

  • *China internet deals: Citic Bank, ChinaVision soar. HONG KONG, March 12- China shares fell less than others in Asia on Wednesday, limiting Hong Kong losses, as property developers rose on hopes the country's annual parliamentary meetings will end without announcing additional curbs on the sector.

  • MACAU, March 12- Galaxy Entertainment Group Ltd and Melco Crown Entertainment Ltd look best placed to benefit from the next phase of Macau's development as the world's gambling capital adds eight more mega-casinos by 2017..

  • *China likely to exceed 2015 hydropower targets by 5-10 GW. China, already the biggest hydropower producer, is on course to exceed a target to raise its hydro capacity by 70 gigawatts over 2011-2015, but a slowdown in project approvals means it is behind on its longer-term goals.

  • Why China needs a national property tax Thursday, 6 Mar 2014 | 11:13 PM ET

    Against a backdrop of runaway property prices and overdevelopment, China is planning a national property tax, with many industry players' blessing.

  • *Posts 2013 net profit of 15.12 billion yuan vs 12.55 billion yuan yr ago. HONG KONG, March 6- China Vanke Co Ltd, the mainland's largest listed developer, said on Thursday that property prices are overheating in some Chinese cities, the latest company to sound the alarm over real estate in the world's second-largest economy.

  • HONG KONG, March 6- Hong Kong shares rebounded on Thursday, helped by a reversal of losses in the Chinese property sector as investors rushed to cover short positions after mainland-listed developers outperformed a listless market. The Hang Seng Index, which slipped 0.3 percent on Wednesday, finished up 0.6 percent at 22,703 points.

  • Will a weaker yuan heighten China property risks? Tuesday, 4 Mar 2014 | 6:08 PM ET

    China's property sector, already a nagging economic risk, may become a victim of the yuan's unexpected weakening as developers' debt costs may rise.