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01.04.26 - 04:00
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Vanke posts record 88.56 billion yuan loss as China property market woes linger (SCMP)
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China Vanke posted a record 88.56 billion yuan (US$12.83 billion) loss last year in the latest sign that mainland Chinese property developers continue to struggle under debt pressure and slowing residential sales as a full market recovery remains nowhere in sight following five years of decline.
The developer said its annual revenue amounted to 233.43 billion yuan, down 32 per cent year on year. The basic loss per share was 7.45 yuan, down 78.4 per cent.
The loss, which exceeded Vanke's 82......
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29.03.26 - 08:06
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Rising second-hand home sales offer tentative signs of a floor in China′s property slump (SCMP)
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Transactions of pre-owned homes in major Chinese cities led by Shanghai surged in March, fuelling expectations that the country's embattled property sector may be stabilising.
Analysts and brokers said a more active resale market pointed to a gradual return of confidence among homebuyers after a three-year downturn.
In Shanghai, about 22,000 second-hand homes changed hands between March 1 and 23, up 170 per cent from the same period a month earlier, according to data from local financial outlet......
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28.03.26 - 05:06
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As China′s property downturn grinds on, foreign suppliers strive to adapt (SCMP)
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As China's property downturn drags on, foreign companies in downstream industries are revamping their business models to cope with a decline in new construction projects, but the country's stable policy environment is helping to ease the transition, according to an executive at a leading US supplier.
Lift giant Otis is looking for new growth momentum in China's government-led urban renewal drive, which includes a push to install or upgrade lift systems in ageing apartment buildings, said Judy......
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17.03.26 - 09:36
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Shanghai joins major cities in loosening commercial property loan rules (SCMP)
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Shanghai has become the latest mainland Chinese city to lower the minimum down payment requirement for loans on commercial-use properties – including shops and business apartments – from 50 per cent to at least 30 per cent.
Analysts said the move could help reduce excess inventory in the struggling commercial real estate market, though stronger measures might still be needed.
“There is still a meaningful gap between the minimum down payment ratio for residential properties and that for mixed-use......
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16.03.26 - 09:31
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China′s first-tier home prices stabilise in February after 9 months of decline (SCMP)
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Mainland China's first-tier new home prices were unchanged month on month in February, ending a nine-month decline, while the year-on-year decline continued to widen from tier one to tier three cities, and analysts said it would be important to watch whether the month-on-month stabilisation can be sustained.
New home prices in first-tier cities were flat in February from January – Beijing and Shanghai each rose 0.2 per cent, Guangzhou was unchanged and Shenzhen slipped 0.3 per cent, according to......
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08.03.26 - 01:36
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China′s shoppers head for suburban outlets, a bright spot in retail property (SCMP)
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For Steven Zhou, a 40-year-old Beijing office worker, suburban outlet stores offer a better shopping experience than urban malls, allowing him to escape the city, park his car without frustration and, most importantly, find good deals.
“Outlets offer a wide selection of brands, with attractive discounts, especially on sportswear,” Zhou said.
Across the mainland, outlets are expanding while traditional and luxury malls face high vacancy rates. Offering well-known brands at discounted prices,......
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04.03.26 - 00:36
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Investors watch China′s ′two sessions′ for clues on property overhaul (SCMP)
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Ahead of China's annual legislative meetings – typically a window into Beijing's top-level policy agenda – this is the seventh entry in a series examining the complex economic recalibration driving China's growth philosophy and its wide-ranging implications for local governments, financial investors and private enterprises.
Investors and policy watchers will be looking to this week's meetings of China's national legislature and top political advisory body – also known as the “two sessions” – for......
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01.03.26 - 13:06
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China Resources subsidiary acquires Hong Kong hotel for student housing project (SCMP)
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A subsidiary of state-owned conglomerate China Resources (Holdings) has acquired a Hong Kong hotel and plans to convert it into student housing amid a wave of investments driven by rising demand after the city raised the cap on non-local students.
CR Longdation signed an agreement to buy four-star hotel Hotel Cozi Oasis in Kwai Chung, a major industrial and residential area in the southwestern New Territories, for HK$953 million (US$122 million), said Colliers and Knight Frank, which advised on......
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