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Creditors pursue court action against developers Evergrande, Shimao amid housing slump

Creditors are tightening the screws on two of China’s largest property developers, pursuing court action to retrieve money owed as…

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New Business

China property: rising home sales bode well for sector reeling for last 4 years

Mainland Chinese developers’ hopes for a better start to the new year received a boost as home sales picked up…

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New Business

Swire Properties sees robust demand for flats at first mainland China residential project

Swire Properties said 94 per cent of the units at a residential project in Shanghai were sold on Monday, an…

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New Business

China Resources Land posts record decline in its interim profit amid housing market torpor

China Resources Land (CR Land) has reported its worst interim profit drop on record, as the torpor in the nation’s…

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New Business

China property: Shanghai’s luxury homes sell out as developers target the super-rich

China’s luxury property market, which seems to have skirted the gloom in the mass housing segment, has catalysed developers to…

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New Business

China’s Kaisa Group flags US$1.2 billion first-half loss amid home sales slump, write-down

Chinese developer Kaisa Group warned that it expected its net loss to widen for the first half, underscoring the troubles…

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New Business

China’s land purchases shrank 38% in first 7 months of 2024 amid festering property slump

China’s property developers have slowed their land grab as a slowdown in home sales continued in the industry, deterring their…

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