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CRIC

Beike’s second-quarter profit jumps 13.9% in surprise defiance of China’s property slump

by Ron Morgan
Beike’s second-quarter profit jumps 13.9% in surprise defiance of China’s property slump

KE Holdings, the operator of one of China’s largest real estate brokerage networks, posted a surprise growth in its second-quarter profit as its Beike chain of sales agents handled more …

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China’s central bank backs Beijing’s property destocking plan as housing sales crawl

by Anas Siddiqui
China’s central bank backs Beijing’s property destocking plan as housing sales crawl

China’s central bank has backed the government’s plans to use public resources to absorb the nation’s unsold homes as it moves to remove an inventory overhang in the world’s largest …

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China’s rescue balm fails to soothe housing pain as inventory overhang, poor sales rankle

by Anas Siddiqui
China’s rescue balm fails to soothe housing pain as inventory overhang, poor sales rankle

China’s ambitious rescue package for its crisis-hit property sector has impressed neither investors nor analysts, some of whom have lowered their forecasts as prices remain under pressure amid a mammoth …

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China’s property stimulus bazooka fuels instant rebound in sentiment as inquiries, home sales in Shanghai, Beijing jump

by Anas Siddiqui
China’s property stimulus bazooka fuels instant rebound in sentiment as inquiries, home sales in Shanghai, Beijing jump

China unveiled “historic” measures on Friday, including a 300 billion yuan (US$41.9 billion) relending facility for state-owned companies to buy unsold homes, to help stem a chronic slump in demand …

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China property: revival in Shanghai, Beijing and Shenzhen luxury home prices bodes well for mass market

by Anas Siddiqui
China property: revival in Shanghai, Beijing and Shenzhen luxury home prices bodes well for mass market

Recovery in China’s luxury home market is gaining pace even as the rest of the residential segment is struggling with lacklustre demand. However, the government’s recent measures could reverse the …

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China’s new home sales slide for 10th month with buyers sidelined, lending push failing to halt liquidity crisis

by Anas Siddiqui
China’s new home sales slide for 10th month with buyers sidelined, lending push failing to halt liquidity crisis

China’s property developers recorded another set of dismal operating results as new home sales tumbled for a 10th straight month, suggesting it would be premature to expect a turnaround in …

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China’s home developers suffer further sales skid to end miserable 2023, as 2024 offers slim hope amid depressed demand

by Anas Siddiqui
China’s home developers suffer further sales skid to end miserable 2023, as 2024 offers slim hope amid depressed demand

The beginning of a new year means joy and hope for many people, but not for big Chinese developers at the dawn of 2024, after a downward trend in home …

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REVIEW Cricket-One-day format revived as Australia gatecrash India’s World Cup

by Sam Bailey
REVIEW Cricket-One-day format revived as Australia gatecrash India’s World Cup

Cricket – ICC Cricket World Cup 2023 – Final – India v Australia – Narendra Modi Stadium, Ahmedabad, India – November 19, 2023 General view as fireworks are let off …

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Australia edge South Africa to set up final against India

by Sam Bailey
Australia edge South Africa to set up final against India

Cricket – ICC Cricket World Cup 2023 – Semi-Final – South Africa v Australia – Eden Gardens, Kolkata, India – November 16, 2023 Australia’s Pat Cummins and Mitchell Starc make …

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Kohli masterminds chase as India beat New Zealand despite Mitchell ton

by Sam Bailey
Kohli masterminds chase as India beat New Zealand despite Mitchell ton

Cricket – ICC Cricket World Cup 2023 – India v New Zealand – Himachal Pradesh Cricket Association Stadium, Dharamsala, India – October 22, 2023 India’s Virat Kohli in action REUTERS/Adnan …

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