Chen Bo

3 days ago | caixinglobal.com | Chen Bo |Wu Xiaomeng |Qing Na

Explore the story in 3 minutesChina is gradually shifting from a decades-old housing presale system to a model emphasizing the sale of completed homes in response to a persistent real estate slump. This transition aims to address key issues in the presale model, most notably the misappropriation of presale funds—which were often diverted from construction to land acquisition due to lax supervision—leading to liquidity crises and a mounting number of unfinished housing projects.

3 days ago | caixinglobal.com | Chen Bo |Wu Xiaomeng |Qing Na

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China is steering away from a housing presale system that has been in place for more than three decades to one that encourages the sale of completed homes, as part of the country’s efforts to arrest the protracted real estate slump.

2 weeks ago | caixinglobal.com | Chen Bo |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Chinese property giant Vanke is offloading stock it previously bought back at peak prices, as mounting debt and a worsening liquidity crunch force the company into survival mode. Vanke said on Tuesday night that it sold 22 million A-shares through block trading, raising about 146 million yuan ($20 million) before fees. The shares represent roughly 0.18% of the company’s total outstanding stock.

1 month ago | caixinglobal.com | Chen Bo |Qing Na

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Dalian Wanda Group Co. Ltd., the debt-ridden real estate-to-entertainment conglomerate headed by Wang Jianlin, is selling 48 Wanda Plaza shopping centers to a consortium that includes Tencent Holdings Ltd. and a unit of e-commerce giant JD.com Inc., as it offloads more assets to ease its long-standing liquidity crunch.

1 month ago | caixinglobal.com | Chen Bo |Han Wei

Explore the story in 3 minutesThe land auction market in Chengdu, the capital of Sichuan province, has recently experienced a dramatic revival, marked by a series of record-breaking sales. In March, China Merchants Property Development Co. acquired a residential plot in Chengdu’s High-Tech Zone for 31,700 yuan ($4,346) per square meter—an unprecedented 70% premium over the starting price.