在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Make me your Homepage
left corner left corner
China Daily Website

SOHO selling Shanghai properties to 'rebalance'

Updated: 2013-11-13 14:18
By Wang Ying in Shanghai ( China Daily)

SOHO China Ltd Chairman Pan Shiyi said in a micro blog posting that the company is rebalancing its portfolios in Beijing and Shanghai, indirectly confirming media reports that the company is selling some properties in Shanghai.

Media reports said that Hong Kong-listed SOHO China had put three projects up for sale in Shanghai - two commercial projects (Hongkou SOHO and SOHO Hailun Plaza) and one commercial-residential project (SOHO Jing'an Plaza).

"We are doing business, and selling is as normal as buying.Don't read too much into the matter," Pan wrote, apparently aiming to quash speculation that the transactions represented a flight from the increasingly pricey domestic property market.

SOHO's move follows a reported decision by Hong Kong tycoon Li Ka-shing to reduce his holdings of properties on the Chinese mainland. Li reportedly sold more than 10 billion yuan ($1.64 billion) of property in the nation recently, including an office building in Shanghai's Pudong New Area.

Li's moves were taken by many observers as a sign that risks are looming in China's highly speculative property market.

"We have invested up to 50 billion yuan in the Shanghai property market, accounting for 75 percent of SOHO's total. As Beijing and Shanghai will be our joint focus, we are optimizing our investment portfolios between the two cities," wrote Pan.

Some analysts said that Pan's explanation was reasonable.

"Compared with SOHO's other projects in Shanghai, the three projects are less competitive. Selling them and getting cash back could help the development of other projects," said Zhang Hongwei, research director of Shanghai-based property consultancy ToSpur.

As of April, SOHO China had acquired 12 projects in Shanghai, with an aggregate transaction value of 28.7 billion yuan.

"SOHO China's expansion pace in Shanghai is a bit too fast, and to sell some of [the projects there] is understandable," said Regina Yang, head of research and consultancy with Knight Frank, Shanghai.

"For the record, SOHO is not the kind of developer that holds projects for long-term investment. It's better to find new buyers and get proceeds from the sale than operate unsuccessful projects and have to sell them later", said Yang.

After 12 months of softening, the average asking rent in Shanghai was flat at 250.80 yuan per square meter per month in the third quarter, up just 0.3 percent quarter-on-quarter on a like-for-like basis, according to global commercial real estate services firm CBRE Group Inc.

Office supply in the city is expected to rise in the next six months, with total new completions of 380,000 sq m. Although office demand might rise as the economy improves, tenants will still have the upper hand because of the new supply that will become available, CBRE said.

In spite of the huge demand, there will be abundant supply in the next three to five years, which requires operators to make adjustments and position themselves accordingly, said Zhang.

At least 5 million sq m of office space will be released in the next three to five years in the Hongqiao central business district, Pudong's former Shanghai 2010 Expo sites and the Putuo district, he said.

In August, Pan said in SOHO's interim report that the company has transformed its business model from selling properties to owned-and-operated projects.

 
8.03K
 
...
主站蜘蛛池模板: 日韩免费一区二区 | 亚洲天天看 | 欧美黄色片在线观看 | 嫩草视频在线观看 | 亚洲天堂网在线观看 | 国产1区2区 | 日本特级黄色片 | 一区二区在线看 | 少妇久久久 | 国产一级特黄 | 日本丰满少妇裸体自慰 | 好吊日在线视频 | 成人在线国产 | 欧美激情一区二区 | 欧美日本国产 | 国产做受视频 | 国产福利91精品一区二区三区 | 国产黄色免费网站 | 久久综合五月天 | 午夜美女福利视频 | 四虎在线视频 | av资源站| 色综合小说| 国产免费黄色 | 亚洲精品日韩丝袜精品 | 美日韩一区二区 | 一区二区网站 | 一区二区三区在线免费观看 | 亚洲精品成人 | 色婷婷亚洲 | 日韩不卡在线 | 精品国产一区二区三区久久久蜜月 | 中文字幕第5页 | 久久九九国产 | 亚洲一区二区三区在线播放 | 一级香蕉视频 | 国产一区在线播放 | 极品白嫩少妇无套内谢 | 午夜视频网站 | 美女视频福利 | 久久精品视频网站 |