REAL ESTATE
Chinese property developers slide in Hong Kong on plunging new mortgage loans in Feb from prior month, major developers’ loss warnings
Shares of Kaisai Group tumbled 25% in Hong Kong, Ronshine China sliding more than 11%, Powerlong down more than 4%, CIFI Holdings down nearly 4%, Times China down nearly 3%.
Country Garden Services tumbled nearly 5% after profit warning
Country Garden Services tumbles as much as 4.8% to hit HK$14.6 in Hong Kong, bringing its market value below HK$50 billion.
Second-hand home transactions in financial hub Shanghai hit highest since July 2022 in Feb – agency dataÂ
Chinese financial hub Shanghai’s second-hand housing transaction volume reached 19,000 units in February, reaching the highest level since July 2022.
Property developer Country Garden may major change to structure of regional presidents
Chinese property developer Country Garden’s chairwoman made a major change to the firm’s structure of regional presidents only three days after her appointment on March 1.
Country Garden Services’ shares tumble after issuing warning of up to 57% drop in 2022 net profit
Shares of Country Garden Service are slumping more than 10% in Hong Kong, after issuing profit warning.Â
New home sales in Wuhan hit 17-year high in February
China’s central metropolis Wuhan, capital of Hubei province, saw new home transaction volume reach 12,421 units in February, with a floor area of 1.403 million …
China Vanke shares hit new lows since Nov 2022 on 300 million new share placement at 6% discount
Shares of property developer China Vanke are sliding more than 5% in Hong Kong, while its Shenzhen-listed shares are down more than 2%, both hitting …
Shenzhen’s second-hand home transactions in Feb hit new high since 2022
Second-hand home transactions in China’s technology hub of Shenzhen reached 1,096 units in the week of Feb 20 – 27, an increase of 24.4% from the 881 units in the previous week.
China’s property transactions tumbled in Jan due to Spring Festival holiday – research
China’s property transactions declined significantly in January on both yearly and monthly basis, due to the impact of the Spring Festival holiday, China Index Academy (CIA) said in a report.Â
Hong Kong’s live-in home price index hit highest in nine weeksÂ
Hong Kong’s Centa-City Leading Index (CCL), a gauge of lived-in home prices compiled by Centaline Property, rose to 158.75, up 0.56% from the previous week, hitting the highest in nine weeks.Â
China’s top property developers saw contracted sales decline 32.5% on year in Jan – research
China’s top 100 property developers saw contracted sales decline 32.5% in January from a year earlier to 354.3 billion yuan, slumping 48.6% from the previous …
China’s policy to boost property demand less effective than those support developers’ liquidity – Moody’s
Chinese government policies aimed at stimulating property demand have been less effective than measures supporting property developers’ liquidity needs, rating agency Moody’s said in a report.
New home prices in China’s 100 major cities fell for 7th consecutive month in Jan – researchÂ
The average new home prices in China’s 100 major cities stood at 16,174 yuan per square meter in January, falling by 0.02% from the previous month, down for the 7th consecutive month.
Chinese homebuilders’ shares slide on weak home sales in Jan, some top cities record zero new home transactions in holidays
Shares of Chinese property developer are sliding in Hong Kong, with Times China sliding more than 8% as of 3:43 pm local time, Midea Real Estate down 5.1%, KWG Group down 4.7%, China Jinmao down 4.4% and Country Garden down 3.6%.
China’s residential property sales to drop 10% in 2023, housing demand to shrink to 928 mln sqm in 2030 – research
China’s residential property sales by floor area are expected to decline by about 10% in 2023, with sales to drop about 20% in the first …
China’s 2022 real estate investment fell for first time on record, home sales tumbled over 20% to hit six-year low
China’s real estate market remained sluggish across the year of 2022, with home sales sliding more than 20% to hit the lowest in six years and real estate investment posting the first annual drop on record.