The head of China’s biggest real estate website is confident that China’s real estate market is not about to crash, but investors could be in for some tough times over the next 10-12 months.
Vincent Mo, who founded Soufun.com (recently… Read More>>
China Policy Changes Slow But Can’t Stop Falling Home Prices
Recent moves by more than 30 cities across China to revoke home purchase restrictions may have slowed the decline in the country’s housing market, but were unable to prevent a fourth month of sliding home prices. According to two independent… Read More>>
China Home Prices Falling Faster Despite Govt Stimulus
Home prices across China fell at a faster pace in July according to two private surveys of the housing market. The downward trend appears to show that the government’s moves to prop up the once sky-rocketing real estate sector have… 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>>
Home Prices Dropped in 71 Out of 100 Chinese Cities in June
China’s slide in home prices continued in June, according to two privately conducted surveys, with nearly three-quarters of the country’s largest cities covered in one study reporting drops in average housing costs compared to May.
According to data from China… Read More>>
Shanghai Home Prices Drop in May as China Market Slides
The first report on China’s home market for May was published on Friday and the results show a continued slide in housing prices nationwide, with price decreases spreading even into the country’s megacities such as Shanghai.
The survey by China… Read More>>
Tencent and E-House Team Up with Zillow: Weep for Soufun
New York Stock Exchange-listed Soufun (NYSE:SFUN) is the leading residential real estate portal in China and made $637.38 million last year, mostly from helping Chinese real estate developers and agents market properties through banner advertising on the site’s home page.
China Vanke 2013 Profits Up 21% on Sales of Smaller Homes
China Vanke Co. (3333), the nation’s biggest developer by market value traded on mainland exchanges, said full-year profit rose 21 percent as it sold more small and medium-sized homes that are less affected by government curbs.
Net income climbed to 15.12 billion yuan ($2.5 billion) in the 12 months to Dec. 31 from 12.55 billion yuan a year earlier, the Shenzhen, China-based company said in a statement today.
China Home Price Growth Slows as Big City Markets Freeze Up
Two separate surveys by private research firms show that the increase in China housing prices slowed in February. At the same time, figures from Beijing and Shanghai show that transactions have fallen off dramatically as buyers and sellers both wait… Read More>>
China Developers Discounting Amid Credit Clampdown
Reports of a bubble in China’s real estate industry are on the rise this week as developers in Hangzhou and Changzhou have begun discounting homes to improve cashflow.
Discounts of as much as 36 percent for two projects in prosperous… Read More>>
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