Last year, when the founders were still polishing their business plan, they were sought out by real-estate developers, offering brand new offices in exchange for stock options -- this, remember, from a company that hadn't yet begun to do business!
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Real-estate developers such as Hines and Tishman Speyer, and local giants such as Multiplan SA are also piling in.
To be sure, the floodgates have by no means opened, and banks are being far more careful when lending to real-estate developers than in the past.
Few expect a property bust like in the U.S., though real-estate developers could suffer as sales volumes tumble, leaving them unable to pay off their lenders.
U.S. investors are jumping back into Asian bonds, even buying debt from high-yield Chinese real-estate developers they shunned last year because of worries the companies could default.
In recent years, some of the nation's real-estate developers and even government officials have been churning out detailed counterfeits of the West's greatest architectural hits, from Unesco World Heritage sites to Le Corbusier gems to Manhattan skyscrapers.
Surprisingly, real estate--including landlords, agents and developers--has a relatively low risk profile, according to Fair Isaac's data.
The practice took off during the real-estate boom of the 2000s, as developers flush with cash, working with investment-hungry town governments, turned so-called underutilized properties into big-box retail stores and in many cases upscale residential-commercial developments.
None of the members of the powerful Real Estate Developers Association's executive committee - the core of Arculli's constituency which includes representatives from powerful developers such as Cheung Kong, New World and Henderson - supported the motion.
For now, the weakened real-estate market has put the brakes on eminent-domain takings by developers.
This means that non-performing loans to real estate developers and near bankrupt corporations are financed directly by depositors and taxpayers.
The survey of property developers and real-estate agencies, which the company compiles together with online real-estate brokerage SouFun Holdings Ltd.
The data, compiled from a survey of property developers and real-estate agencies, followed a report by another provider on Wednesday that showed transactions were up in some major cities in late May.
The wave of IPOs comes after a two-year drought for real-estate offerings in Hong Kong, as developers held on to their assets while prices soared.
Guangzhou-based Evergrande Real Estate Group rose 16%, one of many developers that outpaced a 5.6% gain in Hong Kong's Hang Seng Index.
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Transferable federal tax credits are aimed mostly at real estate developers, who are rewarded for preserving historical landmarks and building low-income housing.
Hui Wing Mau is the chairman of Hong Kong-listed Shimao Property Holdings, one of China's largest real estate developers with more than 70 projects currently under way, according to the company's latest financial report.
Chinese property developers (and speculators) were among the biggest beneficiaries, as real-estate prices revived strongly in the fourth quarter, to the point where Jing sees danger signs ahead.
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Sovereign-wealth funds, pension plans, and private-equity players have been making enquiries about industrial real estate in China, attracted by the heady growth in the e-commerce industry, consultants and developers said.
"Having property developers turn to trusts should act as a limit on overheating of the real-estate sector simply because the higher cost of capital leaves them with less options, " said Mr. Gleave.
As state senator, he acted upon a strong real estate interest, co-authoring an Illinois law creating a new pool of tax credits for low-cost housing developers.
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Hutheesing also notes that Li Ka-Shing is Hong Kong's largest provider of mobile phone service and one of its largest real estate developers.
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