Topic
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.
TOPIC
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.
CIFI suspends bond payments, joins list of developers spooking investors
- CIFI Holdings Group is suspending payments on its offshore bonds and terminating discussions with creditors
- Global rating agency Fitch downgrades Country Garden, while Longfor deals with fallout from chairwoman’s resignation
Longfor’s market cap loses around US$2.5 billion after co-founder resigns
Shares in Longfor Group Holdings fell as much as 44.2 per cent on Monday after Wu Yajun’s announcement, with onshore and offshore bonds also slumping.
Shares in Longfor Group Holdings fell as much as 44.2 per cent on Monday after Wu Yajun’s announcement, with onshore and offshore bonds also slumping.
China offers troubled property market a lift through bond guarantees
Longfor Group will sell an onshore bond of up to US$250 million next week, one of several private developers poised to issue similar notes guaranteed by a state-owned credit enhancement company.
Longfor Group will sell an onshore bond of up to US$250 million next week, one of several private developers poised to issue similar notes guaranteed by a state-owned credit enhancement company.
Longfor weathers China’s property market crisis with strong 2021
The developer said its core profit last year was 22.44 billion yuan (US$3.52 billion), up by a fifth from 2020, as it avoided the debt crises engulfing several of its peers.
The developer said its core profit last year was 22.44 billion yuan (US$3.52 billion), up by a fifth from 2020, as it avoided the debt crises engulfing several of its peers.
Hong Kong posts another bumper weekend as home buyers rush in
More property buyers are rushing into the market to get ahead of rising prices and potentially higher mortgage rates as the local monetary authority is expected to raise interest rates in lockstep with the US Federal Reserve’s tapering policy.
More property buyers are rushing into the market to get ahead of rising prices and potentially higher mortgage rates as the local monetary authority is expected to raise interest rates in lockstep with the US Federal Reserve’s tapering policy.
China residential property a ‘slow growth market’ now, developer says
Profits and sales have largely diminished, and only the government’s cooling measures seem to lie ahead for the 16 trillion yuan (US$2.3 trillion) housing market.
Profits and sales have largely diminished, and only the government’s cooling measures seem to lie ahead for the 16 trillion yuan (US$2.3 trillion) housing market.
How a US$16-a-month Chinese factory worker became a billionaire
Problems buying her first flat led the economics graduate to launch a property company that is now worth US$8.3 billion
Problems buying her first flat led the economics graduate to launch a property company that is now worth US$8.3 billion
Four Chinese tycoons transfer US$17 billion of their wealth to trusts
Sunac’s founder Sun Hongbin, Longfor’s Chairwoman Wu Yajun, and the magnates of Dali Foods and Zhou Hei Ya all transferred their wealth to trusts
Sunac’s founder Sun Hongbin, Longfor’s Chairwoman Wu Yajun, and the magnates of Dali Foods and Zhou Hei Ya all transferred their wealth to trusts
Expect discounts on new homes in China, says Longfor boss
Shao Mingxiao said life is becoming tougher for builders after a slew of government measures to take the heat out of the market.
Shao Mingxiao said life is becoming tougher for builders after a slew of government measures to take the heat out of the market.
Four out of five most successful women globally are Chinese, report says
Yang Huiyan, 37, of property developer Country Garden is China’s richest woman at US$22 billion.
Yang Huiyan, 37, of property developer Country Garden is China’s richest woman at US$22 billion.
Longfor raises sales target with core profit up by a quarter
The Chinese developer saw net profit jump 38 per cent to 12.6 billion yuan in 2017, while total revenue grew 31 per cent to 72.08 billion yuan
The Chinese developer saw net profit jump 38 per cent to 12.6 billion yuan in 2017, while total revenue grew 31 per cent to 72.08 billion yuan
Longfor Properties cautiously upbeat after H1 profit rises
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.
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.