China Evergrande Group stood by audited annual reports from 2021, rejecting claims by financial analysts that changes to its accounting methodology suggested the debt-laden property developer was “never profitable” in its years of operations.“The company’s financial statements for the previous...
The developers of smaller residential projects in Hong Kong are hastening sales by offering discounts before the Lunar New Year holiday, with the aim of increasing their market share before larger projects are launched later in the year.Lofter Group, a...
Among the trends and themes to watch this year, four warrant close attention. First, it is worth keeping an eye on Australia’s housing market. Not only did prices in the capital cities bounce back 8.1 per cent last year following...
Falling home prices and fears about job prospects will deter Chinese consumers from freely spending on goods such as clothes and home appliances, weighing on the nation’s retail sales growth, according to UBS.Retail sales are expected to climb 5.5 per...
Beijing has pledged more financial support for China’s home rental market in 2024, as the residential property sector slump continues and willingness to buy homes drops further.The People’s Bank of China and the National Administration of Financial Regulation said in...
Retail property markets in China’s first-tier cities showed signs of improvement in the last quarter of 2023, and experts are projecting sustained momentum in 2024, underpinned by a gradual increase in retail sales as sentiment begins to turn.Beijing’s retail property...
The government will not be rolling out any commercial sites for sale either because of high vacancy rates, she added.Only one plot, an industrial site in Yuen Long, will be put up for tender, Linn said. The 3.2 hectare site...
CIFI seeks to address its aggregate offshore indebtedness by “deleveraging the company’s consolidated balance sheet” to reduce its offshore debt to between US$3.3 billion and US$4 billion. The company also aims to design a sustainable amortisation schedule to provide a...
Hong Kong’s most valuable developer Sun Hung Kai Properties (SHKP) topped the city’s sales tables in 2023, accounting for over a quarter of the deal volume at a time when shrinking home prices and a 33-year trough for real estate...
Property transactions in Hong Kong descended to the lowest level in 33 years in 2023 as sentiment among potential homebuyers was submerged under a deluge of poor economic news and high interest rates, although December’s sales figures showed some rebound.A...
