housing inventories

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

Shenzhen joins Chinese local governments taking unsold homes off developers’ hands

Shenzhen has become the first tier-1 Chinese city to buy up unsold homes, joining several other local governments that heeded…

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