Longfor Group Tag

01 Apr China’s new home sales slide for 10th month with buyers sidelined, lending push failing to halt liquidity crisis

Posted at 08:30h in Asia

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 a three-year slump in the industry.Sales at the nation’s 100 biggest home builders tumbled 46...

22 Mar Chinese developer Longfor’s 50% profit slump reflects the poor state of housing market

Posted at 10:57h in Asia

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.Net profit came in at 12.85 billion yuan (US$1.8 billion) in 2023, compared with 24.36 billion...

21 Mar China’s state-backed developers grow earnings as buyers look for safety in home delivery, shunning troubled builders

Posted at 11:47h in Asia

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 the industry cracked under three years of liquidity crunch.Poly Property Group reported a 77 per...

Longfor Group Tag

01 Apr China’s new home sales slide for 10th month with buyers sidelined, lending push failing to halt liquidity crisis

22 Mar Chinese developer Longfor’s 50% profit slump reflects the poor state of housing market

21 Mar China’s state-backed developers grow earnings as buyers look for safety in home delivery, shunning troubled builders

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