Major property developer Sunac China on Friday logged a net narrowing core loss of 13.86 billion yuan ($2.02 billion) in 2022, as the debt-laden firm slowed its project construction and incurred …
PROPERTY
The performance of China’s residential market is ‘bifurcated,’ research firm
Henry Chin of CBRE Research says the worst for the country’s property sector is over and “sentiment is definitely coming back in 2023,” but performance is uneven.
China’s JD.com to spin off industrial, property units in $1 bn Hong Kong floats
(Reuters) -E-commerce firm JD.com Inc is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange in deals worth $1 billion each, two people with direct …
China Vanke Defies Property Woes With $3.3 Billion in Profit
China Vanke Co., the nation’s second-largest developer by sales, arrested an earnings slump by posting 22.6 billion yuan ($3.3 billion) in annual profit, underscoring the divide between private firms …
China’s Country Garden posts 90% dip in 2022 core profit, record net loss
China’s top property developer Country Garden Holdings said on Thursday its core profit plunged 90% in 2022 and it posted a record net loss, hurt by a sluggish property market and a debt crisis in…
China’s property market expectations improving
China’s property market expectations are improving with first-home interest rates going down and bank lending accelerating, ThePaper reported on Thursday. China’s housing market is currently …
China’s Largest Developer Posts First Loss Since 2007 Listing
Country Garden Holdings Co., China’s largest property developer, reported a first full-year loss since its 2007 listing in Hong Kong. Most Read from Bloomberg$52 Billion Chipmaking Plan Is Racing …
China’s Soccer Experiment Was a Flop. Now It May Be Over.
China poured billions into its bid to become a major player in the world’s most popular sport. A decade later, it has little to show for that investment.
China’s factory activity likely expanded at a slower pace in March – Reuters poll
BEIJING (Reuters) – China’s factory activity likely grew at a slower pace in March, a Reuters poll showed on Wednesday, suggesting the economic recovery is uneven in the light of weak global demand …
Xiamen becomes latest tier-2 city in China to introduce measures to revive property market, state media says
Xiamen, the capital of China’s coastal Fujian province, has reportedly loosened property restrictions, joining a growing list of tier-2 cities aiming to spur homebuying demand and inject life into the …
BofA says ‘too early to call a full-blown recovery’ in China’s struggling housing market
Several major factors for a sustainable recovery, such as a sustainable pickup in new home sales and improvement in developer funding, are missing, BofA says in report Property prices rose in China in …
China’s maritime strategy: To own the oceans by adverse possession
Put differently, China is working to gain ownership of the oceans through adverse possession. The doctrine of adverse possession does not actually exist in maritime law. An Anglo-American property law …
Sunac China unveils sweetened restructuring offer for US$9.1 billion in offshore debt in latest move by a developer
Sunac China called on other debt holders who had not consented … Green shoots are emerging from the US$2.6 trillion property sector, helping sentiment in the bond market. Elsewhere, developer Logan …