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  1. Longfor property sales drop 40pc

    Posted May 27th 2010, 12:00am by Sandy Li

    ... Sandy Li Mainland developer Longfor Properties has seen its contract sales drop by 40 per cent to 1.5 billion yuan (HK$1.7 billion) so far this month from April as buying interest is dampened by central government efforts to cool the market. The firm has sold 2.5 billion worth of properties in April. 'With the market clouded by the uncertainties, property sales ...

  2. Analysts warn of earnings decline at property firms

    Posted Aug 16th 2010, 12:00am by Peggy Sito

    ... net profit gained 16.6 per cent in the first half. Smaller developers such as Longfor Properties and Sino-Ocean Land Holdings are expected to announce positive interim earnings when ... Peggy Sito Property companies in the mainland market have been celebrating rising interim earnings, but analysts warn of a decline in profits over the next two years. Developers have ...

  3. Talk of tax levy drags down property stocks

    Posted Jan 06th 2010, 12:00am by Peggy Sito

    ... in Shanghai. In Hong Kong, Evergrande Real Estate Group lost 2.4 per cent to HK$4.06, Longfor Properties eased 1.2 per cent to HK$8.41 and China Overseas Land & Investment saw a 0.8 per cent ... Peggy Sito Shares of mainland developers softened yesterday following media reports that the regulators were expected to levy a nationwide tax on the value of a property for the first ...

  4. Companies reporting this week

    Posted Apr 12th 2010, 12:00am by Staff Reporter

    ... Glorious Property Holdings, Jutal Offshore Oil Services, Longfor Properties, Mainland Headwear Holdings, Shell Electric Mfg (Holdings) Tomorrow Final: China Merchants Bank, Dongfeng Motor Group, Guangdong Nan Yue Logistics, Honghua Group, Hsin Chong Construction Group, K Wah International Holdings, Shimao Property Holdings, Synergis Holdings, Tiangong International, Titan Petrochemicals ...

  5. Tighter lending expected to hit property sales

    Posted Jan 07th 2010, 12:00am by Sandy Li

    ... to the news. Shares of mainland property stocks continued to fall, with Longfor Properties slipping 1.5 per cent to HK$8.28 yesterday and Agile Property Holdings dropping 1.4 per cent to close ... Sandy Li The mainland is expected to tighten lending for the purchase of second homes as it imposes tougher measures to rein in soaring property prices, a move that agents believe could ...

  6. Developers feel the heat from unhappy buyers

    Posted Apr 26th 2010, 12:00am by Peggy Sito

    ... Peggy Sito Mainland property developers are now more concerned about policy changes and mounting resentment among buyers over prices, than finding buyers for their apartments. 'Developers are less worried about money now,' said Jeffrey Lin, chief financial officer of Longfor Properties. 'They know they can sell their units. It is just a matter of whether they get ...

  7. Evergrande hits sales target

    Posted Nov 09th 2010, 12:00am by Peggy Sito

    ... sales figures in the first 10 months even though some of them saw their revenues dented last month due to austerity measures. Longfor Properties said it achieved its annual contract sales target of 24.8 billion yuan in early November. KWG Property posted a 25 per cent decline in sales of uncompleted units to 750 million yuan. But it notched up sales of 10.05 billion yuan in the first 10 ...

  8. Developers stay on target despite austerity threat to sales figures

    Posted Nov 06th 2010, 12:00am by Peggy Sito

    ... for the year. Longfor Properties, which reported that last month's contracted sales were up 34 per cent month on month to 4.95 billion yuan (HK$5.7 billion), said in the first 10 months ... Peggy Sito Developers are expected to achieve the property sales targets they set at the beginning of this year, even though some of them have seen their revenues decline in the last month ...

  9. China Vanke leads race in boosting land bank

    Posted Jul 03rd 2010, 12:00am by Sandy Li

    ... as the fourth-biggest buyer of land by paying 13.2 billion yuan and China Overseas Land & Investment was fifth after it spent 12.78 billion yuan replenishing its land bank. Longfor Properties ranked sixth ... Sandy Li The credit crunch has helped cashed-up China Vanke, the mainland's biggest publicly listed developer, to become the most aggressive property giant by snapping up swathes ...

  10. Chongqing launches huge public housing programme

    Posted Apr 07th 2010, 12:00am by Sandy Li

    ... Chongqing, according to officials, and the government forecasts the population in the urban area would increase to 10 million from the present 6 million by 2020. Hong Kong-listed Longfor Properties ... Sandy Li in Chongqing With mainland property prices surging beyond the reach of many aspiring buyers, Chongqing hopes to lure disgruntled home seekers with a massive government-subsidised ...




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