Following China’s clampdown on traditional funding for speculative real estate ventures, developers facing a financing gap estimated at US$111 billion are setting up their own funds in an effort to keep afloat.
About $2.2 billion of… Read More>>
Half of China Real Estate Developers Miss 2011 Sales Targets
In yet another sign of China’s real estate crisis, 50 percent of the country’s leading real estate developers failed to reach their 2011 sales targets. According to a recent report from China Real Estate Information Corp (CRIC), only eight out… Read More>>
Vanke and Evergrande Revenues Drop as China Market Suffers
Market leading China real estate developer Vanke saw its sales revenues drop 30 percent in December compared to the same month last year, the fifth straight month the home seller has seen declining income figures.
At the same time, the… Read More>>
Average Land Prices in Shanghai Drop 40% as Developers Become More Cautious
While the amount of land sold in Shanghai during 2011 was up compared to 2010, the amount of revenue that the local government achieved through these sales dropped during the past year. According to reports from local media, the greatest… Read More>>
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