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>>
M&G Buys Japanese Properties for $84M and More Asia Real Estate Headlines
It’s only early November, but already some of Asia’s biggest markets looked headed into the dead of winter as property sales drop off in mainland China, Hong Kong and other points in the region. For one UK investor this seems… Read More>>
More Housing Discounts on Way as China’s Developers Feel Pressure
After two quarters of slowing homes sales and the occasional developer collapse, China real estate analysts are predicting lower prices and looser credit for the second half of the year.
A report released this week by CRIC, a unit of E-House… Read More>>
Shanghai Project Cuts Prices as Home Discounts Spread to Top Cities
The developer of a high-end Shanghai property project last week announced a nearly 30 percent discount on homes in the face of disappointing sales. The price cut comes as the latest sign of weakness in a real estate market which… Read More>>