The world’s second-largest economy has yet to find a floor for its slumping property market, as new-home sales resumed their decline and China Vanke Co. reported a record loss.
Tagged By property
China property giant Vanke reports annual loss of $6.8 bn
Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing’s attempts to revive the …
China’s New Home Sales Fall as Sluggish Demand Weighs on Market
China’s residential sales fell again in March, suggesting the recovery in the property sector remains frail. The value of new home sales from the 100 largest property companies declined 11% to 318 …
Property sales at Chinese developer Country Garden drop by over a third
Country Garden’s sales dropped 38 per cent year on year in February, according to a regulatory disclosure. In the same month, it missed a deadline to reach an agreement with creditors on its offshore …
Healthier property sector key to boosting growth
This year’s Government Work Report, for the first time, proposed stabilizing the real estate market, showcasing China’s strong focus on the critical sector. Given its substantial influence and …
Shanghai’s luxury property market thrives while downturn persists in mass housing segment
More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.
Love at first sale? 31 men tricked by ‘girlfriend’ estate agents in China
China thought they had found love, only to realise their ‘girlfriends’ were estate agents using romance to close property deals …
In China, Putting a Roof on a Half-finished Building Is Cause for Celebration
For struggling property giants seeking any indications of a turnaround in China’s prolonged real estate crisis, “topping off” a building is cause for celebration.
BlackRock sells Shanghai tower at 34% discount as it pulls back from China property
The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources The world’s largest asset manager BlackRock is selling its last …
‘Shameful’: China woman buys flat for old professor she cares for, family claims property
A Chinese student who bought a home for her professor and cared for her like a mother during her later years is now embroiled in a legal battle after the professor’s relatives attempted to claim…
China’s developers start to climb out of their self-dug hole
But while Sunac’s restructuring is both slow and painful, there are signs that its market is improving. Home sales in China are stabilising, with secondary sales making up a greater share of activity.
China woman changes locks on 80 flats, sells them to defraud friends out of US$3.3 million
While husband lives frugally to pay off debt, wife lavishly gifts live-streamer lover with extravagant items and properties A woman in China orchestrated a scheme in which she changed the locks on 80 …
GOP revives plan to ban China, Iran from buying most property in Ohio
The bills would ban “foreign adversaries” from buying land near critical infrastructure, but it might also get in the way of foreign workers buying homes.
