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  1. Business - Companies

    Longfor Properties cautiously upbeat after H1 profit rises

    Posted Aug 19th 2013, 01:02pm by Staff Reporter

    ... Staff reporter Longfor Properties said net attributable profit rose slightly to 3.85 billion yuan, in the first half of this year and was cautiously optimistic about prospects for the sector despite government attempts to rein in property prices. In the year earlier period, the mainland based property developer and investor announced a 3.81 billion yuan profit. Excluding ...

    http://www.scmp.com/business/companies/article/1297724/longfor-properties-1h-profit-rises-cautiously-upbeat-about-2h
  2. Property - Hong Kong & China - EARNINGS

    Longfor warns of profit squeeze after asset sales

    Posted Mar 22nd 2014, 01:30am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Longfor warns of profit squeeze Longfor Properties, a listed mainland developer, warned yesterday that profits would be squeezed this year as it disposed ... pronounced in the first half. However, Longfor, with a strong presence in Beijing, Hangzhou, Chongqing and Chengdu, targets full-year contracted sales of 57 billion yuan (HK$71.8 billion) after a 20 ...

    http://www.scmp.com/property/hong-kong-china/article/1454413/longfor-warns-profit-squeeze-after-asset-sales
  3. Property - Hong Kong & China - STRATEGY

    Developers team up to survive ebbing tide in property market

    Posted Apr 08th 2014, 02:57pm by Langi Chiang

    ... to fierce competition in the hot land market," said Wei Huaning, chief financial officer of Longfor Properties. "It will free up our cash flow and reduce our financial risk if we can ... the bursting of a property bubble on the mainland has never died down. But the slowdown in economic growth and a credit crunch make the prospect even more worrisome. To cut risks, mainland developers ...

    http://www.scmp.com/property/hong-kong-china/article/1468932/developers-team-survive-ebb-tide-property-market
  4. Property - Hong Kong & China - REAL ESTATE

    High debt, slow sales loom over Chinese property firms

    Posted Mar 26th 2014, 11:58am by Langi Chiang

    ... strategy adopted by many other mainland developers. “The market is changing and maturing faster than expected,” said Wei Huaning, chief financial officer of Beijing-based Longfor Properties. “We ... Langi Chiang langi.chiang@scmp.com All eyes are now on a few Chinese real estate developers particularly vulnerable to slow sales and tight credit, as mainland China’s property market ...

    http://www.scmp.com/property/hong-kong-china/article/1457616/high-debt-slow-sales-loom-over-chinese-property-firms
  5. Property - Hong Kong & China - ACQUISITIONS

    Developers’ caution in buying land could threaten local government finances

    Posted Apr 01st 2014, 03:36pm by Langi Chiang

    ... has soured quickly in the mainland's property market this year, pushing developers to play safe and make speeding up turnover a priority. "Volatility and polarisation have become industry themes now," Longfor Properties chairman and founder Wu Yajun said at an earnings news conference last month. "We will exercise extra caution when buying land in the future, ...

    http://www.scmp.com/property/hong-kong-china/article/1462364/developers-caution-buying-land-could-threaten-local
  6. Property - Hong Kong & China

    Strain 'watch list' provides gauge for industry

    Posted Mar 27th 2014, 01:01am by Langi Chiang

    ... are good, there is still hope (of survival). "But if their assets are not so good, neither is their reputation- then it will become more difficult." Longfor Properties chief financial ... eyes are on a few developers particularly vulnerable to slow sales and tight credit as the mainland property market enters a new downturn, with a view to gauging the effects likely to felt ...

    http://www.scmp.com/property/hong-kong-china/article/1458096/strain-watch-list-provides-gauge-industry
  7. Property - Hong Kong & China

    Alarm grows over housing supply glut in inner mainland China cities

    Posted Mar 25th 2014, 01:34am by SANDY LI AND LANGI CHIANG

    ... and Longfor. We didn't even know how a villa looks like. But now we have high-rises, low-rises, housing estates and nice landscaped villas," he said. There are more than 10 such large projects selling units in a wide price range, including the 4,727-unit Great Town, built by Fujian-based Dong Fu Ming Cheng Property, which has a gross floor area of 927,950 square metres. Across ...

    http://www.scmp.com/property/hong-kong-china/article/1456567/alarm-grows-over-housing-supply-glut-inner-mainland-china
  8. Property - International - BRITAIN

    Mainland buyers of British property unfazed by new taxes

    Posted Apr 18th 2014, 10:37am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Mainlanders, who spent about £3.5b on British property last year, are unfazed by new tax laws New taxes won't dampen Chinese interest in UK Property-related taxes imposed and proposed by the British government will not deter mainland Chinese intent on buying property in Britain, lawyers and industry insiders say. "The new tax laws ...

    http://www.scmp.com/property/international/article/1486708/mainland-buyers-british-property-unfazed-new-taxes
  9. Property - Hong Kong & China

    Chinese wait for price cuts as property slowdown accelerates

    Posted Apr 18th 2014, 09:58am by Langi Chiang and Celine Sun

    ... Langi Chiang and Celine Sun in Beijing With the mainland property market softening, developers' incentives are failing to clinch sales Expectations of price cuts see buyers hold back Sweeteners were aplenty at the Beijing Spring Real Estate Trade Fair last week. But Zhao Xiao wasn't biting. "Many property developers are offering small incentives but I'd rather wait ...

    http://www.scmp.com/property/hong-kong-china/article/1486698/china-home-price-inflation-slows-third-month
  10. Property - Hong Kong & China

    China may soon loosen property cooling measures, Citigroup says

    Posted Apr 18th 2014, 01:18am by BLOOM

    ... Bloomberg in Beijing Cracks build in cooling measures China's slump in property sales and construction is spurring speculation that the government's four-year-old campaign ... may release as much as 78 billion yuan (HK$98 billion) in liquidity. The value of property sales in the first quarter fell 5.2 per cent from a year earlier and unsold completed properties ...

    http://www.scmp.com/property/hong-kong-china/article/1486331/china-may-soon-loosen-property-cooling-measures-citigroup

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