Pearl Liu

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.
Pearl Liu
Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.

Latest from Pearl Liu

New home prices rise in just 55 of 70 Chinese cities, the lowest in 18 months, amid Beijing’s efforts to cool the market

The price of new homes increased in 55 of 70 cities tracked by the National Bureau of Statistics in August, the lowest number in 18 months

21 minutes ago

The price of new homes increased in 55 of 70 cities tracked by the National Bureau of Statistics in August, the lowest number in 18 months

New home prices rise in just 55 of 70 Chinese cities, the lowest in 18 months, amid Beijing’s efforts to cool the market
Developers hope to leverage Shenzhen’s model city status, price residential project as most expensive in its area

A 665-unit project in Shenzhen that was completed eight months ago, and has been left unsold since then, could become the Shenzhen Longhua district’s most expensive residential development, if its developers win approval for what they consider a break-even price of 100,000 yuan per square metre.

4 Sep 2019 - 2:36PM

A 665-unit project in Shenzhen that was completed eight months ago, and has been left unsold since then, could become the Shenzhen Longhua district’s most expensive residential development, if its developers win approval for what they consider a break-even price of 100,000 yuan per square metre.

Developers hope to leverage Shenzhen’s model city status, price residential project as most expensive in its area
Weakening yuan piles pressure on highly indebted Chinese property developers

The yuan, which has depreciated by 3.84 per cent in August, is bound to hurt mainland developers that have US$19.3 billion of offshore debt maturing in the 12 months to July 2020

2 Sep 2019 - 9:00AM

The yuan, which has depreciated by 3.84 per cent in August, is bound to hurt mainland developers that have US$19.3 billion of offshore debt maturing in the 12 months to July 2020

Weakening yuan piles pressure on highly indebted Chinese property developers
Shenzhen homeowners seize building collapse opportunity to make a quick profit, raise prices by 20 per cent

Homeowners in Heping Xinqu residential estate raise prices by 20 per cent within a day of the building collapse in anticipation of the Shenzhen government redeveloping the 29-year-old estate.

30 Aug 2019 - 8:24AM

Homeowners in Heping Xinqu residential estate raise prices by 20 per cent within a day of the building collapse in anticipation of the Shenzhen government redeveloping the 29-year-old estate.

Shenzhen homeowners seize building collapse opportunity to make a quick profit, raise prices by 20 per cent
China Evergrande first major mainland developer to report profit decline as cooling measures hit sales

The country’s third-largest property developer reports a 45 per cent decline in first-half core profit – its first decline since H1 2016.

28 Aug 2019 - 10:17PM

The country’s third-largest property developer reports a 45 per cent decline in first-half core profit – its first decline since H1 2016.

China Evergrande first major mainland developer to report profit decline as cooling measures hit sales
Prospective homebuyers enticed off sidelines in Shenzhen after Beijing picks it as new special economic zone

“It’s been quite vibrant since last weekend, as home seekers who used to be hesitant, are actively coming to us and asking about available homes,” said Xu Xingchun, a property broker based in Nanshan.

30 Aug 2019 - 10:40AM

“It’s been quite vibrant since last weekend, as home seekers who used to be hesitant, are actively coming to us and asking about available homes,” said Xu Xingchun, a property broker based in Nanshan.

Prospective homebuyers enticed off sidelines in Shenzhen after Beijing picks it as new special economic zone
Evergrande Health unveils launch date for electric vehicle developed with Koenigsegg, to invest 6 billion yuan in project despite first-half loss

Evergrande Health said on Friday it will unveil a next-generation electric vehicle at the Geneva International Motor Show in March, and will invest 6 billion yuan in the second half this year, shrugging aside a loss of 1.98 billion yuan for the six months to June 30.

24 Aug 2019 - 8:00AM

Evergrande Health said on Friday it will unveil a next-generation electric vehicle at the Geneva International Motor Show in March, and will invest 6 billion yuan in the second half this year, shrugging aside a loss of 1.98 billion yuan for the six months to June 30.

Evergrande Health unveils launch date for electric vehicle developed with Koenigsegg, to invest 6 billion yuan in project despite first-half loss
Country Garden among property developers reporting slowdown in half-yearly profit, as era of ‘skyrocketing’ growth ends

Four mainland Chinese property developers reported slow growth in half-yearly profits on Thursday, in a sign even the top companies are losing momentum amid tighter regulations and slowing sales growth.

22 Aug 2019 - 11:00PM

Four mainland Chinese property developers reported slow growth in half-yearly profits on Thursday, in a sign even the top companies are losing momentum amid tighter regulations and slowing sales growth.

Country Garden among property developers reporting slowdown in half-yearly profit, as era of ‘skyrocketing’ growth ends
Evergrande, Country Garden among Chinese developers cutting prices to boost sales, further weighing down sluggish economy

Concerns are growing the sector is losing its influence as a major economic driver. If that is the case, it could lead to a serious economic downturn in mainland China.

22 Aug 2019 - 8:55AM

Concerns are growing the sector is losing its influence as a major economic driver. If that is the case, it could lead to a serious economic downturn in mainland China.

Evergrande, Country Garden among Chinese developers cutting prices to boost sales, further weighing down sluggish economy
China home buyers wait for better deals as developers see big drop in contracted sales in July amid economic slowdown

China’s developers see contracted sales fall dramatically in July – but will prices fall as well?

21 Aug 2019 - 8:00AM

China’s developers see contracted sales fall dramatically in July – but will prices fall as well?

China home buyers wait for better deals as developers see big drop in contracted sales in July amid economic slowdown
China Vanke, country’s second-largest property firm, reports about 30 per cent increase in first-half profit

China Vanke, the country’s second-largest property developer by sales, said on Tuesday evening that its net profit for the six months ending June 30 rose 29.8 per cent from a year ago, rising to US$1.7 billion.

20 Aug 2019 - 10:31PM

China Vanke, the country’s second-largest property developer by sales, said on Tuesday evening that its net profit for the six months ending June 30 rose 29.8 per cent from a year ago, rising to US$1.7 billion.

China Vanke, country’s second-largest property firm, reports about 30 per cent increase in first-half profit
Creditors sell dragon shaped Pangu office tower on Taobao for a steep discount to recover debt owed by fugitive Guo Wengui

The 39-storey tower was put on the auction block for a starting price of 5.18 billion yuan and valued at 7.92 billion yuan, about half the average price of comparable Grade A offices in the neighbourhood.

20 Aug 2019 - 10:37PM

The 39-storey tower was put on the auction block for a starting price of 5.18 billion yuan and valued at 7.92 billion yuan, about half the average price of comparable Grade A offices in the neighbourhood.

Creditors sell dragon shaped Pangu office tower on Taobao for a steep discount to recover debt owed by fugitive Guo Wengui
China changes the way bank loan rates are set, with HSBC left out of rate-setting club

Chinese central bank selects 18 lenders, including two foreign ones, to submit monthly rates that will be used to determine benchmark.

19 Aug 2019 - 5:35PM

Chinese central bank selects 18 lenders, including two foreign ones, to submit monthly rates that will be used to determine benchmark.

China changes the way bank loan rates are set, with HSBC left out of rate-setting club
Buyers shrug off Hong Kong rallies to snap up Aurora flats in Tsuen Wan, offered at 10 per cent discount to the neighbourhood

Hong Kong’s decade-long property bull run has stumbled since June, as the combination of the US-China trade war and the worst political crisis in decades affected the city’s investment appetite, driving property buyers to the sidelines.

17 Aug 2019 - 11:52PM

Hong Kong’s decade-long property bull run has stumbled since June, as the combination of the US-China trade war and the worst political crisis in decades affected the city’s investment appetite, driving property buyers to the sidelines.

Buyers shrug off Hong Kong rallies to snap up Aurora flats in Tsuen Wan, offered at 10 per cent discount to the neighbourhood
China’s July home prices cool, as escalating trade war and slowest economic growth in decades send shivers through property market

Home prices had already reversed their June increments in China’s commercial hub of Shanghai and tech hub Shenzhen. Shanghai prices dropped 0.1 per cent, while Shenzhen – home to Tencent Holdings and Huawei Technologies – stayed unchanged.

15 Aug 2019 - 11:11PM

Home prices had already reversed their June increments in China’s commercial hub of Shanghai and tech hub Shenzhen. Shanghai prices dropped 0.1 per cent, while Shenzhen – home to Tencent Holdings and Huawei Technologies – stayed unchanged.

China’s July home prices cool, as escalating trade war and slowest economic growth in decades send shivers through property market
Planes, trains and an extra night in Chinatown as four reporters find their way back to Hong Kong amid flight disruptions at airport
Qingdao flat prices cut by 5 per cent as city heeds warning of China’s top decision-making body

Agents say builders will have to offer steeper discounts as buyers wait on the sidelines to woo buyers in a tightening market.

7 Aug 2019 - 8:05AM

Agents say builders will have to offer steeper discounts as buyers wait on the sidelines to woo buyers in a tightening market.

Qingdao flat prices cut by 5 per cent as city heeds warning of China’s top decision-making body
Hong Kong developer Chinese Estates morphs into investing firm, swings to profit in first half

Property company controlled by family of Hong Kong tycoon Joseph Lau Luen-hung reports a first half profit of HK$845 million (US$108 million), reversing from a HK$363.5 million loss in the same period last year.

2 Aug 2019 - 11:13PM

Property company controlled by family of Hong Kong tycoon Joseph Lau Luen-hung reports a first half profit of HK$845 million (US$108 million), reversing from a HK$363.5 million loss in the same period last year.

Hong Kong developer Chinese Estates morphs into investing firm, swings to profit in first half
Will China’s subsidies unleash a building boom of football fields, as nation pursues ‘Field of Dreams’ to boost favourite sport?

The programme, an extension of the 2014 edict by the State Council to accelerate the development of the sports industry, foresees more than 70,000 pitches available for public use by next year.

31 Jul 2019 - 10:37PM

The programme, an extension of the 2014 edict by the State Council to accelerate the development of the sports industry, foresees more than 70,000 pitches available for public use by next year.

Will China’s subsidies unleash a building boom of football fields, as nation pursues ‘Field of Dreams’ to boost favourite sport?
Hong Kong’s New World Development takes advantage of Hangzhou land price curbs, wins plot for 9.8 billion yuan

Hangzhou in China’s eastern Zhejiang province is selling land for as little as only 4 per cent above starting bids, as it works to keep prices down and cool its housing market.

30 Jul 2019 - 10:55PM

Hangzhou in China’s eastern Zhejiang province is selling land for as little as only 4 per cent above starting bids, as it works to keep prices down and cool its housing market.

Hong Kong’s New World Development takes advantage of Hangzhou land price curbs, wins plot for 9.8 billion yuan
Bankruptcies among Chinese developers are up by a half amid slowing economy, restrictions on borrowing

So far this year, 274 builders have filed for bankruptcy, a rise of 50 per cent from a year ago, according to the People’s Court Daily

26 Jul 2019 - 8:15AM

So far this year, 274 builders have filed for bankruptcy, a rise of 50 per cent from a year ago, according to the People’s Court Daily

Bankruptcies among Chinese developers are up by a half amid slowing economy, restrictions on borrowing
Chinese film studios expected to report losses, face further decline as audiences cut spending amid economic slowdown

Chinese home-grown film studios are expected to report losses for the first half of 2019, as box office numbers and attendance decline for the first time in a decade amid a wider slowdown in the economy.

25 Jul 2019 - 7:00AM

Chinese home-grown film studios are expected to report losses for the first half of 2019, as box office numbers and attendance decline for the first time in a decade amid a wider slowdown in the economy.

Chinese film studios expected to report losses, face further decline as audiences cut spending amid economic slowdown
Hong Kong sells Kai Tak’s biggest residential plot at discount as city’s unrest drives investors to sidelines and saps risk appetite

The sale comes at an inopportune moment, as the city’s business and investment sentiments are dampened by a combination of the year-long US-China trade war, and almost two months of deteriorating civic order in one of Asia’s safest urban centres.

30 Jul 2019 - 3:45PM

The sale comes at an inopportune moment, as the city’s business and investment sentiments are dampened by a combination of the year-long US-China trade war, and almost two months of deteriorating civic order in one of Asia’s safest urban centres.

Hong Kong sells Kai Tak’s biggest residential plot at discount as city’s unrest drives investors to sidelines and saps risk appetite
Micro apartments are still popular because their rental yields top the average in Hong Kong’s notoriously costly housing market

Housing affordability, a key policy challenge for the city’s government, partly explains the public discontent that has spilled over into street protests

24 Jul 2019 - 8:00AM

Housing affordability, a key policy challenge for the city’s government, partly explains the public discontent that has spilled over into street protests

Micro apartments are still popular because their rental yields top the average in Hong Kong’s notoriously costly housing market
Sun Hung Kai, Hongkong Land apply to build 11,000 flats on New Territories plot originally slated for 300 villas

The application to raise the plot ratio of the site in Yuen Long comes at a time the government is scaling back plans to boost land supply

20 Jul 2019 - 7:45AM

The application to raise the plot ratio of the site in Yuen Long comes at a time the government is scaling back plans to boost land supply

Sun Hung Kai, Hongkong Land apply to build 11,000 flats on New Territories plot originally slated for 300 villas
Creditors put fugitive Guo Wengui’s dragon head-shaped Pangu Plaza on the auction block at a steep discount to recoup debt

Proceeds from the auction will go toward repaying more than 3 billion yuan of debt owed by Guo’s company to the Bank of Shanghai and a Shanghai investor, both listed as applicants of the auction.

19 Jul 2019 - 11:05PM

Proceeds from the auction will go toward repaying more than 3 billion yuan of debt owed by Guo’s company to the Bank of Shanghai and a Shanghai investor, both listed as applicants of the auction.

Creditors put fugitive Guo Wengui’s dragon head-shaped Pangu Plaza on the auction block at a steep discount to recoup debt
Prices of second-hand homes in Hong Kong declined in June amid extradition bill protests, Ricacorp says

The average price of second-hand homes in 50 major residential estates in Hong Kong dropped 0.2 per cent last month from a record high in May, brokerage Ricacorp Properties said on Wednesday.

18 Jul 2019 - 7:00AM

The average price of second-hand homes in 50 major residential estates in Hong Kong dropped 0.2 per cent last month from a record high in May, brokerage Ricacorp Properties said on Wednesday.

Prices of second-hand homes in Hong Kong declined in June amid extradition bill protests, Ricacorp says
Office glut creeps up in Shenzhen, Beijing and Shanghai as trade war saps growth plans and start-ups move to co-working spaces

Glut in commercial space seen in Shenzhen, Beijing and Shanghai, prompting savvy developers like Soho China to eye exit.

17 Jul 2019 - 12:13PM

Glut in commercial space seen in Shenzhen, Beijing and Shanghai, prompting savvy developers like Soho China to eye exit.

Office glut creeps up in Shenzhen, Beijing and Shanghai as trade war saps growth plans and start-ups move to co-working spaces
Hong Kong government-funded home sells for record HK$9 million in Shau Kei Wan

A 650 sq ft apartment in Hong Kong’s Shau Kei Wan neighbourhood has sold for HK$9 million, according to the city’s Housing Authority, making it the city’s most expensive second-hand government-funded residential unit.

16 Jul 2019 - 9:29PM

A 650 sq ft apartment in Hong Kong’s Shau Kei Wan neighbourhood has sold for HK$9 million, according to the city’s Housing Authority, making it the city’s most expensive second-hand government-funded residential unit.

Hong Kong government-funded home sells for record HK$9 million in Shau Kei Wan
Bull run in China’s home prices continues for 50 straight months in June, but growth slows as curbs kick in

Average new home price up 0.6 per cent in June compared to the 0.71 per cent increase in May.

15 Jul 2019 - 10:03PM

Average new home price up 0.6 per cent in June compared to the 0.71 per cent increase in May.

Bull run in China’s home prices continues for 50 straight months in June, but growth slows as curbs kick in