…Phong District in Bac Ninh province. Read more>> Hong Kong Stocks Slip as Longfor Leads Losses on China Policy Meeting Hong Kong stocks retreated as investors fret over the lack of fresh stimulus from China’s key policy meeting this week, with no new statement about measures to fix the troubled property market. The Hang Seng Index dropped 0.9 percent to 16,228.75 on Wednesday, approaching the lowest level in 14 months. The Tech Index declined 1.2…
Search Results for: longfor
Country Garden Loses Top Spot Among China Developers as Sales Fall 53%
…0 were Greentown China with RMB 194.3 billion, good for seventh place, and Longfor Group with RMB 173.6 billion, placing ninth. Source: CRIC Two SOEs, C&D Real Estate and Gemdale Corporation, took the eight and 10th spots with their respective contracted sales of RMB 189 billion and RMB 153.6 billion. All told, contracted sales for the top 10 developers amounted to RMB 2.64 trillion, down 13.2 percent from 2022’s total. After Country Garden’s prec…
Wanda Shakes Off Debt Woes, IPO Stumble to Remain China’s Top Commercial Developer
…illion, up 4 percent. Rounding out the top five in 2023 were Beijing-based Longfor Group with RMB 14.3 billion, up 10.3 percent, and state-controlled China Vanke with RMB 12 billion, jumping 45.3 percent. Guangzhou R&F Surge Shanghai-based Seazen Holdings grabbed sixth place last year with operating income of RMB 10.5 billion, up 14.6 percent, while two state-owned enterprises — China Merchants Shekou Industrial Zone Holdings and China Overseas La…
KWG Sells Stake in Zhejiang Project to Midea and More Asia Real Estate Headlines
…for repaying three offshore bonds due this year worth $1.4 billion. Rival Longfor Group Holdings Ltd said it will sell new bonds and secure more loans to meet refinancing needs. At the same time, China Grand Automotive Services Group Co pledged to pay a dollar note maturing this month. Read more>> Sembcorp Collaborates With Japanese Developers on Vietnam Warehouse Projects Singapore’s Sembcorp, alongside Japan’s Hankyu Hanshin Properties Corp and…
State Support Yet to Revive Buyer Demand as China Home Sales Slump 48% in Q1
…ion of home sales respectively. China Merchants Property, C&D Real Estate, Longfor Properties, Binjiang Real Estate, and Huafa Properties rounded out the top 10 developers. CRIC noted that 90 of the top 100 developers saw year-on-year drops in sales value, both for the month of March alone as well as for the first quarter, with 52 of the 100 builders recording sales declines of more than 50 percent year-on-year in March. In the first quarter, only…
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