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New rules drying up developers’ liquidity sources
HOME > PAST ISSUE > REPORTS [Premium content]August 2008
Just as investors in China’s stock markets remember last year’s boom months fondly, so too do property developers. A record US$8.75 billion was raised through share offerings by real estate firms as the market peaked, helping finance massive additions to developers’ land banks.
Hopson Development Holdings was in the thick of things. The Guangzhou developer increased its land bank by more than 50% to 21 million square meters last year. Revenues rose 61%. But, as any retail ...
Hopson Development Holdings was in the thick of things. The Guangzhou developer increased its land bank by more than 50% to 21 million square meters last year. Revenues rose 61%. But, as any retail ...
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