Description
SOHO China Limited is engaged in investment in real estate development. The Company has three segments: completed projects held for sale, which includes projects that have been completed and the Company has obtained completion certificates for those projects; projects under development, which includes projects that are under development, and completed investment properties, which includes one project that has been completed and is held to earn rental income. As of December 31, 2011, its subsidiaries included Beijing Redstone Newtown Real Estate Co., Ltd., Hainan Redstone Industry Co., Ltd., Beijing Millennium Real Properties Development Co., Ltd., Beijing Yeli Real Properties Development Co., Ltd. and others. On December 29, 2011, the Company acquired 50% equity interest in Shanghai Haizhimen Property Investment Management Co., Ltd. On April 17, 2012, the Company and SOHO Shanghai, acquired the entire equity interests in Greentown Plaza Development.
Officers and directors
Shiyi Pan Executive Chairman of the Board Yan Yan President, Executive Director Zhang Xin Pan Chief Executive Officer, Executive Director Ching Mau Tong Chief Financial Officer, Executive Director Jie Yin Senior Vice President, Executive Director Chor Shan Lai Vice President, General Counsel Shengjiang Wang Vice President Ming Wai Mok Company Secretary Mou Zing Cha Independent Non-Executive Director Ramin Khadem Independent Non-Executive Director
Valuation Company name Price Change Chg % d | m | y Mkt Cap 0410 SOHO China Ltd 6.20 0.00 0.00% 
32.80B 0272 Shui On Land Limited 2.49 -0.04 -1.58% 19.92B 2777 Guangzhou R&F Pro... 10.30 +0.06 0.59% 33.19B 0688 China Overseas La... 20.95 -0.05 -0.24% 171.22B 1109 China Resources L... 18.28 0.00 0.00% 106.56B 0004 Wharf Holdings Ltd 53.00 +0.05 0.09% 160.60B 0817 Franshion Propert... 2.49 -0.09 -3.49% 22.81B 1972 Swire Properties ... 20.15 +0.05 0.25% 117.88B 0010 Hang Lung Group L... 35.45 -1.30 -3.54% 47.85B 0016 Sun Hung Kai Prop... 94.95 -0.10 -0.11% 256.80B 0683 Kerry Properties ...
SOHO China’s 
Zhang Xin Beats Out Brad Pitt to Buy NY Townhouse
http://www.mingtiandi.com/real-estate/outbound-investment/soho-chinas-zhang-xin-beats-out-brad-pitt-to-buy-ny-townhouse/| Shiyi Pan | Executive Chairman of the Board | |
| Yan Yan | President, Executive Director | |
| Zhang Xin Pan | Chief Executive Officer, Executive Director | |
| Ching Mau Tong | Chief Financial Officer, Executive Director | |
| Jie Yin | Senior Vice President, Executive Director | |
| Chor Shan Lai | Vice President, General Counsel | |
| Shengjiang Wang | Vice President | |
| Ming Wai Mok | Company Secretary | |
| Mou Zing Cha | Independent Non-Executive Director | |
| Ramin Khadem | Independent Non-Executive Director |
| Valuation | ||||||
|---|---|---|---|---|---|---|
| Company name | Price | Change | Chg % | d | m | y | Mkt Cap | |
| 0410 | SOHO China Ltd | 6.20 | 0.00 | 0.00% | | 32.80B |
| 0272 | Shui On Land Limited | 2.49 | -0.04 | -1.58% | | 19.92B |
| 2777 | Guangzhou R&F Pro... | 10.30 | +0.06 | 0.59% | | 33.19B |
| 0688 | China Overseas La... | 20.95 | -0.05 | -0.24% | | 171.22B |
| 1109 | China Resources L... | 18.28 | 0.00 | 0.00% | | 106.56B |
| 0004 | Wharf Holdings Ltd | 53.00 | +0.05 | 0.09% | | 160.60B |
| 0817 | Franshion Propert... | 2.49 | -0.09 | -3.49% | | 22.81B |
| 1972 | Swire Properties ... | 20.15 | +0.05 | 0.25% | | 117.88B |
| 0010 | Hang Lung Group L... | 35.45 | -1.30 | -3.54% | | 47.85B |
| 0016 | Sun Hung Kai Prop... | 94.95 | -0.10 | -0.11% | | 256.80B |
| 0683 | Kerry Properties ... | |||||
Not content to merely own a chunk of the GM building in New York, SOHO China CEO Zhang Xin bought a Manhattan mansion recently for US$26 million. Other potential buyers looking at the five bedroom, 19th century townhouse included Brad Pitt, Leonardo DiCaprio, and a Saudi prince.
Zhang, who with her husband Pan Shiyi runs Beijing-based real estate developer SOHO, has amassed a personal fortune that is estimated by Forbes to be US$3.6 billion, and has lately turned her attention to acquiring high profile assets in America.
During June of this year Zhang, together with other members of her family and the Safra family of Brazilpaid about $1 billion for a 40 percent stake in the GM building, a downtown landmark in Manhattan. SOHO China became one of China’s largest property developers through developing high profile projects in Beijing and Shanghai, and selling units in the buildings on a retail basis.
Chinese Billionaires Showing What They Can Buy
Zhang’s purchase of her New York trophy home was announced during the same week that rival developer Dalian Wanda, headed by one of China’s richest men – Wang Jianlin, purchased a Picasso painting at auction in New York for US$28.2 million. Christie’s, the auctioneer for the work, had estimated that the art work would sell for $9 million to $12 million.
By comparison, Zhang seems to have gotten a bargain for her home at 45 East 74th Street, paying $4 million less than the $30 million asking price.
According to a broker involved in the deal, Zhang purchased the home from Italian real estate developer and movie producer Valerio Morabito, who purchased the property in 2009 for $10 million and spent roughly another $10 million renovating it.
Creating a New Chinatown in New York
In addition to Zhang Xin’s new house, Chinese investors have been active buying commercial properties in New York recently, with developer Greenland and investment firm Fosun both making major acquisitions last month.
Fosun, the parent company of Shanghai-based developer Forte, paid $725 million last month to acquire the Chase Manhattan building in Manhattan. During the same month, Greenland bought a 70 percent stake in the $4 billion Atlantic Yards development in Brooklyn.
From Factory Floor to Personal Spa
While Zhang Xin makes it a point to retell stories of working on a factory floor during her childhood in China, her New York lifestyle promises to be a bit more posh.
The billionaire’s New York pied-a-terre features a roof terrace with a custom-built hot tub, a wine cellar, English garden, and a fitness floor with a waterfall, swimming pool and sauna.
Maybe Zhang can invite Brad and Leo over to see what they missed out on.
