Longfor Properties | South China Morning Post
  • Mon
  • Mar 2, 2015
  • Updated: 5:21am

Longfor Properties

Longfor Properties is a Beijing based company involved in property development and investment. Apart from Beijing, it has operations in Changzhou, Chengdu, Chongqing, Hangzhou, Qingdao, Shenyang, Shanghai, Xi’an and Wuxi.

Longfor Properties cautiously upbeat after H1 profit rises

 Potential buyers look over a model of a Longfor Properties development in Chongqing. Photo: Paggie Leung

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.

Tuesday, 20 August, 2013, 3:47am

Divorce costs developer Wu Yajun's crown as China's richest woman

Wu Yajun (left) and ex-husband Cai Kui. Photos: SCMP

Wu Yajun, the multibillionaire chairwoman of Hong Kong-listed mainland developer Longfor Properties, has lost her title as the richest woman in China following her divorce.

21 Nov 2012 - 3:33am

Briefs, September 27, 2012

Real Gold Mining's debt restructuring okayed

Real Gold Mining, suspended from Hong Kong trading since May last year following a report about accounting irregularities, said 84 per cent of its public shareholders approved an agreement to restructure debt owed to it by Wu Ruilin, who, with associates, controls 41.2 per cent of the gold producer. Bloomberg


27 Sep 2012 - 3:25am

Surprise HK$3.09b cash call spurs investors to dump Longfor Properties

Shares of Longfor Properties yesterday fell 8.68 per cent following the mainland developer's unexpected HK$3.09 billion share placement announcement on Tuesday.

20 Sep 2012 - 4:00am

Longfor Properties banks on lower profit margins in 2013

Longfor expects a slowdown in the housing market this year to hit gross profit margins next year. Photo: Paggie Leung

Mainland developer Longfor Properties is confident about its business outlook even though it expects a drop in gross profit margin next year.

"Gross margin will drop next year as the overall housing market slows this year," Longfor chief financial officer Wei Huaning said.

The group's overall gross margin was 46.1 per cent in the first six months of this year.

18 Aug 2012 - 3:10am

Longfor looks to south for land of more opportunity

Hong Kong-listed mainland developer Longfor Properties is seeking to expand its footprint into southern China where it is acquiring land sites for new projects.

'We have been buying land plots since the beginning of this year and continue to do so,' Longfor chief executive Shao Mingxiao said.

'We are buying not in a lavish but a cautious manner.'

25 Jun 2012 - 12:00am

Curbs likely to dent results in first half

Mainland property developers are expected to unveil a mixed bag of first-half earnings this week - with the balance sheets of some developers affected by austerity measures aimed at curbing demand.

And while major developers had so far weathered the policy measures quite well, the second half of the year could see their earnings under pressure, analysts said.

15 Aug 2011 - 12:00am