Post Tagged with: "China property"

Record high sales at Chinese developer Vanke, which unveiled ?to survive? slogan, in 2018

Record high sales at Chinese developer Vanke, which unveiled ?to survive? slogan, in 2018

China Vanke, mainland China?s second-largest property developer by sales, said on Friday it generated 606.95 billion yuan (US$88.28 billion) in sales last year, a record high for the company. Vanke said contracted sales in December were up by 8 per cent compared with the previous month, generating 63.01 billion yuan, […]

Chinese developer Kaisa?s Xian  fallout highlights shanty town redevelopment risks

Chinese developer Kaisa?s Xian fallout highlights shanty town redevelopment risks

Shares of mainland Chinese developer Kaisa Group Holdings tumbled another 4.3 per cent on Thursday after a 7.2 per cent drop a day earlier as it faces losing its investment in an urban redevelopment project in northern Xian city, highlighting the inherent risks in such deals. The Shenzhen-based developer has […]

Kaisa says its US$150 million Xi?an development project is at risk over dispute with local developer Xingzhengyuan

Kaisa says its US$150 million Xi?an development project is at risk over dispute with local developer Xingzhengyuan

faces losing its entire investment of almost US$150 million in a key urban redevelopment project, underscoring the vagaries in China?s property market. The Shenzhen-based home builder, which gained notoriety in 2015 when it became the first developer from the nation to default on US dollar debt, has invested more than […]

Shanghai warns developers against rush to finish projects after three die at construction site

Shanghai warns developers against rush to finish projects after three die at construction site

Shanghai?s municipal government has voiced concerns about construction site safety after three workers were killed in an accident at a site managed by one of the country?s largest developers. The accident happened on Saturday morning when the earth collapsed near the foundations on a Vanke building site in the Minghang […]

To ease controls or not? Chinese cities see-saw on policy amid property market slump

To ease controls or not? Chinese cities see-saw on policy amid property market slump

A small city in central China has become the first city to flip-flop on its property price control policy in a day, underlining local governments? growing dilemma of the need to prop up sluggish property markets, major economic growth drivers, without incurring the wrath of a central government determined to […]