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China's property crisis: Country Garden posts USD 7bn loss

China's property crisis: Country Garden posts USD 7bn loss

Sep 02, 2023, at 11:32 pm

China's major private property developer Country Garden has revealed a record USD 6.7 billion loss for the first half of the year.

China: Shenzhen housing market facing trouble as sales of lived-in homes shrank to 15-year low in 2021

China: Shenzhen housing market facing trouble as sales of lived-in homes shrank to 15-year low in 2021

Feb 17, 2022, at 04:52 am

Shenzhen, China: The housing market in China's Shenzhen has gone into deep freeze, as a mixture of anti-speculation measures and a slowing economy sent the market contraction into overdrive, which has left sales of lived-in homes in the secondary market to plunge to 15-year low figures, media reports said on Wednesday.