Shimao Group Holdings, one of several mainland Chinese developers facing liquidation suits for failing to repay debts, has become the latest to report higher property sales aided by Beijing’s stimulus …
In the first five months of the year, Poly Property sold properties worth about 21 billion yuan, 37 per cent lower than it recorded in the same period of 2023. …
Country Garden sold more properties in May, becoming the second major Chinese developer to see its turnover improve after Beijing launched a historic rescue package to shore up its battered …
Debt-laden property developer China Vanke’s contracted sales rose in May as the country’s biggest home builder resumed investments in new projects after getting bank funding and following Beijing’s stimulus policies …
China Vanke has sold a plot of land once earmarked for its new headquarters in Shenzhen for 2.24 billion yuan (US$309 million), almost 30 per cent less than it paid …
Sentiment in China’s property market rose on expectations that the government will step in to soak up unsold inventory, after plans for Hangzhou to do so came to light. However, …
Cash-strapped developer China Vanke is putting more of its fringe assets up for sale to stave off a liquidity crisis and pare US$147 billion of liabilities, after a multi-year slump …
Chendu, the capital of Sichuan province, also plans to reduce land supply in areas where the supply of residential and commercial properties exceeds demand, while also encouraging market players to …
China Vanke is seeking to sell its entire stake in logistics firm GLP, according to people familiar with the matter, as the state-backed developer seeks to amass cash to stave …
Net profit came in at 12.16 billion yuan (US$1.7 billion) versus 22.68 billion yuan in the same period of 2022, according to a filing by Vanke made to the Hong …