BRIEF: Longfor’s sales halve in four months through April
Property developer Longfor Group Holdings Ltd. (0960.HK) on Monday reported its property sales tumbled 53% year-over-year to 10.35 billion yuan ($1.52 billion) in the first four months of 2025. Its…
BRIEF: Greentown sales fall 30% in first quarter
Property developer Greentown China Holdings Ltd. (3900.HK) reported on Thursday that contracted sales for company-owned projects in March totaled 2,840 units, down 18% from 3,478 units a year earlier. Total sales area for…
BRIEF: Greentown China’s profit plunges in 2025
Property developer Greentown China Holdings Ltd. (3900.HK) warned on Tuesday that it expects to report its profit plunged about 95% last year from the 1.6 billion yuan ($232 million) it…
Two years after its debt crisis, China property exposure still haunts Fosun
The conglomerate warned that impairment provisions tied to its real estate investments, along with other charges, caused its net loss to balloon last year Key Takeaways: Fosun lost up to…
BRIEF: Debt-heavy Agile Group sells assets to reduce debt
Property developer Agile Group Holdings Ltd. (3383.HK) said on Thursday that its Xintao Eco Technology subsidiary has agreed to sell several of its fixed assets, including land, factories, equipment, pipeline…
BRIEF: Country Garden sales remain tepid in February
Property developer Country Garden Holdings Co. Ltd. (2007.HK) said on Tuesday it recorded attributable sales of 2.23 billion yuan ($323 million) in February, down 3% year-on-year but up 0.9% from…
KWG Group’s restructuring moves ahead with overseas creditor agreement
The regional developer is leveraging its luxury residential project in Hong Kong to stay afloat as it works to resolve its $4.66 billion in defaulted overseas debt Key Takeaways: KWG…
