China’s housing crisis showed no signs of abating in the first three months of the year, as the value of new home sales by the country’s largest property developers slumped to roughly half the figure from a year earlier.
In… Read More>>
Wanda Shakes Off Debt Woes, IPO Stumble to Remain China’s Top Commercial Developer
Despite credit downgrades, disappearing associates and an aborted mall IPO, Dalian Wanda kept its crown as China’s biggest commercial developer last year, and the race wasn’t close.
Dalian Wanda Commercial Management, the primary holding company for Wanda’s commercial and hospitality… Read More>>
Country Garden Loses Top Spot Among China Developers as Sales Fall 53%
Country Garden’s two-year reign as China’s biggest developer came crashing to earth in 2023 as the Guangdong-based builder’s contracted sales plunged 53.3 percent on the year to RMB 216.9 billion ($30.6 billion).
After knocking longtime champion China Evergrande out of… Read More>>
Indian Billionaire Ambani Eyes Commercial Property and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Asia’s richest man sets sights on India’s commercial property market, Morgan Stanley is set to exit an India industrial development, China’s home sales reverse months of declines as demand recovers, and troubled developer… Read More>>
Wanda Led China’s Commercial Developers Again in 2022 with 7% Growth
China’s top commercial developers saw their operating income rise more than 5 percent in 2022, with Dalian Wanda Group’s mall-building business once again dominating the pack, as the mainland’s housing market crisis and sluggish economy left the country’s largest commercial… Read More>>
State Developers Take 8 of Top 10 Spots in China Sales Rankings
State-owned enterprises dominated the ranks of China’s biggest developers by sales in 2022, with SOEs accounting for eight of the top 10 mainland builders, as Beijing’s deleveraging policy battered the country’s private real estate firms.
Country Garden Holdings and Longfor… Read More>>
China’s Frustrated Homebuyers Stop Paying Mortgages on Over 100 Projects
Intentional mass mortgage default by homebuyers at a delayed Evergrande project in Jingde town of Jiangxi province late last month has proved contagious, with data from CRIC as of 13 July showing that buyers of 106 projects across 47 cities… Read More>>
State-Owned Developers Dominate China Home Sales Rankings in 2022
With private development giants like China Evergrande having been brought low by debt troubles, state-owned enterprises continued to expand their dominance of China’s real estate industry in the first half of 2022, with government-backed developers holding 13 of the top… Read More>>
Evergrande Held Spot as China’s Biggest Developer in 2020 as Profit Fell 26%
China Evergrande maintained its position as China’s top developer in 2020 with the real estate giant growing its sales even more quickly during the pandemic, but seeing its profits slide by more than a quarter, according to a review of… Read More>>
Wanda Topped Mainland Commercial Developers Again in 2020 Despite 13% Income Drop
With mainland China already recovering from the effects of the pandemic and looking forward to a vaccine-powered rebound, the impact of the COVID-19 crisis on the country’s retail sector can be seen etched across the financial performance of the country’s… Read More>>