Adjusted net profit rose 13.9 per cent to 2.7 billion yuan (US$377 million) in the second quarter, beating the 1.8 billion yuan expected by analysts in a Bloomberg poll KE Holdings, the operator of …
Tagged By property
Labor Strikes Surge in China’s Property and Manufacturing Sectors Amid Economic Slowdown
Labor strikes in Chinas property and manufacturing sectors have surged as the countrys economic growth slows. According to the China Labor Bulletin, strikes increased by 3% in the first half of 2024, …
Shanghai’s wealthy upgrade to new luxury homes despite property market downtrend
Sales of luxury homes in Shanghai are soaring as rich individuals, undeterred by China real estate market’s slump, purchase newly built units in prime locations. The city saw 1,544 luxury homes sold …
Strikes hit China’s property, manufacturing sectors as growth slows
TOKYO — Labor disputes in China’s property and manufacturing sectors have surged as economic growth decelerates, underlining blue-collar workers’ concerns over the country’s social safety net. Unrest …
Kaisa, Times China prepare for new survival fight with creditors as winding-up cases resume
Troubles at Kaisa Group and Times China, which defaulted on US$15 billion of offshore debts, are in the spotlight again as the city’s High Court deliberates on hostile lawsuits from creditors.
Shanghai’s wealthy residents upgrade to premium homes, ignoring property market upheaval
Shanghai’s rich set expect prices of luxury homes in the city will continue to rise because of limited supply and the growth potential of the mainland’s financial hub.
China’s housing rental industry crucial to future real estate market: PBOC
BEIJING: The housing rental industry in China, anticipated to experience strong demand and stable supply, is identified as a “crucial direction” for the future development model of the country’s real …
China Evergrande’s liquidators ask investors to join restructuring process
(Reuters) -China Evergrande’s liquidators have invited investors interested in restructuring the heavily indebted property developer or any of its parts, it said in a filing on Friday. The move comes …
China Market Update: Shenzhen’s Real Estate Policy Ignites Rally
Asian equities were mostly lower as overweight countries including Japan, South Korea, Taiwan, and, for the first time, India, succumbed to selling pressure as the US dollar weakened overnight.
Investor files liquidation petition in China against Evergrande unit
An investor has filed a petition to a court in China to liquidate a major unit of the heavily indebted property developer China Evergrande, according to a stock filing by the petitioner on Wednesday.
Exclusive | China’s property bender has led to long, tough hangover: economist Mao Zhenhua
and was among the first to warn about the underlying pressure on China’s property prices. In this latest interview in the Open Questions series, Mao analyses China’s struggling property sector, …
China’s property bender has led to long, tough hangover: economist Mao Zhenhua
Surge in household debt, collapse in property values highlight need for real estate wind-down, cash handouts to spark consumer demand Mao Zhenhua is the founder of China Chengxin Credit Rating Group …
As China’s property market slumps, foreign investors get pickier
HONG KONG/SINGAPORE — Foreign investors are shying away from deploying capital to commercial properties in China’s beleaguered real estate market, with the remaining players pinning their hopes on …
