China real estate developers post sales drop last month

Publication date 12 February 2020 | 22:45 | ICT

Most real estate companies in China witnessed drops in sales last month due to the outbreak of the 2019 Novel Coronavirus, which may cast a shadow on their performance this month and next month, a report from 21st Century Business Herald



  • Coronavirus outbreak shaking up real estate market in Thailand

    Publication date 12 February 2020 | 22:44 | ICT

    The real estate market in Thailand has become lethargic since the outbreak of the new coronavirus in China, taking a toll on the purchasing powers of Thais and Chinese buyers, industry experts said.

  • The One Mall ‘opens in Q2’

    Publication date 12 February 2020 | 22:43 | ICT

    The One Mall, a Chinese-backed three-storey shopping mall project in Phnom Penh, is expected to be completed in the second quarter of this year, after missing its scheduled December opening.

  • Indonesian banks rush to woo millennial homebuyers

    Publication date 12 February 2020 | 22:42 | ICT

    Millennials, who make up nearly a quarter of Indonesia’s population, are becoming an increasingly hot market for property developers and mortgage lenders.

  • Listed Singapore developers can get exemption from QC scheme

    Publication date 12 February 2020 | 22:41 | ICT

    Some listed developers in Singapore may now get some reprieve from onerous conditions currently imposed on foreign developers when they buy residential land for development following a rule change last week.

  • Impact of virus on Chinese real estate market will ‘not last long’

    Publication date 05 February 2020 | 22:13 | ICT

    The Chinese real estate market is expected to see pressure from sales in the short term this year as the novel coronavirus outbreak has curbed demand and offline sales, although the impact is not likely to last over the long term, i

  • Property market in HCMC a magnet for foreign investors

    Publication date 05 February 2020 | 21:52 | ICT

    The Ho Chi Minh City property sector has in recent years attracted billions of dollars worth of foreign investment due to its growth potential, real estate consulting companies have said.

  • Median apartment price in Seoul increases 50% under Moon gov’t

    Publication date 05 February 2020 | 21:51 | ICT

    The median price of apartments in Seoul surpassed the 900 million won ($760,000) threshold for the first time last month, KB Kookmin Bank said in a monthly report on real estate prices released on January 30.

  • Mall opening pushed to Q4

    Publication date 05 February 2020 | 21:50 | ICT

    The developer of The Phnom Penh Megamall has pushed its opening to the fourth quarter of this year due to delays in interior design, CBRE Cambodia managing director Ann Sothida said on Wednesday.

  • WeWork hires property industry veteran to start afresh after Neumann

    Publication date 03 February 2020 | 21:44 | ICT

    Embattled office-sharing firm WeWork has hired a new CEO to turn the page on Adam Neumann, its co-founder and former leader whose antics have finally tired investors.

  • No signs of slowdown for real estate sector in short-term, says CVEA

    Publication date 30 January 2020 | 22:31 | ICT

    The Kingdom’s property sector is showing no sign of a slowdown in the short-term, the president of the Cambodian Valuers and Estate Agents Association (CVEA) told The Post on Thursday.