China Resources Land 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...

26 Mar China Resources Land posts 11.7% profit increase, sees stability ahead for property sector thanks to policy support

Posted at 06:00h in Asia

China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, China Resources Land said as it posted another profitable year in 2023, extending its streak through all crises since at least 1997.Earnings at the nation’s...

11 Jan China Resources Land reports slowest sales growth since 2015 amid housing slump while rental assets mitigate slowdown

Posted at 08:13h in Asia

China Resources Land, a state-controlled developer, reported its slowest gain in sales since at least 2015, as the nation’s housing market extended a slump with buyers worried about defaults among the weakest home builders. Rental properties helped shore up revenue.The firm sold 307 billion...

China Resources Land Tag

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

11 Jan China Resources Land reports slowest sales growth since 2015 amid housing slump while rental assets mitigate slowdown

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