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 …
China’s state-backed developers are generating more profits from residential sales at the expense of weak rivals, indicating buyers are placing greater emphasis on safety in capital and home delivery after …
Chinese property giant Longfor Group reported a near 50 per cent slump in net profit for last year, while revenue from home sales plunged because of the sluggish housing market. …
Chinese regulators are urging banks to ramp up financing support for property developers, but the benefits might be felt differently among developers as banks – given some wriggle room to …