After a three-day delay, sources finally confirmed yesterday that China SCE Property Holdings will become the first Chinese developer to list this year. The Fujian-based company raised HK$1.56 billion ($201 million) after pricing its initial public offering at the bottom of the indicated range and will start trading in Hong Kong on Friday.Market talk suggested the deal was thinly covered and included few major institutional investors, which was perhaps not too surprising given the glut of Chinese real estate companies that have come to market in the past three months. There ...