Anemic demand, lowered expectations and declining property values, have contributed to the struggling market, the Guangdong-based company told the outlet. “All these exert mounting pressure on all …
Tagged By property
Profits of China’s biggest property developer Country Garden Holdings profits dive by 15 billion yuan
China’s biggest property developer Country Garden Holdings reported a whopping loss of almost 14 billion yuan ($A2.7 billion) and has warned “only the fittest will survive” the country’s crisis …
Worst China Property Earnings Since 2008 Signal More Stock Angst
China’s property developers posted their worst first-half earnings in over a decade, an outcome that will likely pressure stocks further even as the government boosts efforts to stabilize the sector.
China’s Property Sales Extend Slump Amid Vicious Cycle
China’s beleaguered real estate market continued to slump in August, as government attempts to stabilize the sector failed to boost consumer confidence and demand. Last month, sales of new properties …
Iron ore wobbles as China’s COVID, property woes weigh
Dalian iron ore surrendered its gains from an earlier rebound on Thursday, pressured by worries over fresh COVID-19 restrictions and property sector troubles in China squeezing demand for ferrous …
China’s economic outlook dulled by fresh property, COVID woes
Nearly 70 Chinese cities reported declines in new home prices in August, the most since the start of the COVID-19 pandemic, according to the China Index Academy on Thursday, one of China’s largest …
China’s largest banks show wounds from property sector crisis
Five of China’s largest banks showed wounds from the ongoing property sector crisis, with bad debts linked to real estate surging in the first half of the year, even as they posted modest profits …
China’s Economic Woes Drag On With Factory Disruptions, Property Slump
Extreme weather and power shortages depressed manufacturing, while home sales fell for the 14th consecutive month.
China Factories Hurt Amid Covid Disruptions, Heat Wave, Property Slump
Economic indicators show extreme weather and coronavirus-related lockdowns stifled Chinese manufacturing in August.
China’s real estate slump crimps earnings at China Resources Land, China Overseas Land and other developers
China Resources Land’s profit attributable to shareholders fell 19 per cent to 72.9 billion yuan, while revenue shrank 2 per cent to 121.04 billion yuan China Overseas’ interim profit fell 10 per cent …
China’s Factories Hurt Amid Covid Disruptions, Heat Waves, Property Slump
Economic indicators show extreme weather and coronavirus-related lockdowns stifled Chinese manufacturing in August.
Explained | How bad is China’s property crisis and how did it get here?
The housing sector, which accounts for a quarter of the Chinese economic output, has faced a crisis since 2020 and thousands of home buyers are now refusing to pay their mortgages …
China’s Property Market Has Slid Into Severe Depression, Real-Estate Giant Says
Country Garden, which for years ranked as China’s top real-estate developer, reported a 96% drop in first-half profit and said the market has struggled with sluggish demand and declines in property …
