{"id":125171,"date":"2022-03-08T15:30:29","date_gmt":"2022-03-08T08:30:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-sales-at-shimao-groups-shanghai-listed-unit-sink-62-per-cent-in-february\/"},"modified":"2022-03-08T17:10:42","modified_gmt":"2022-03-08T10:10:42","slug":"property-sales-at-shimao-groups-shanghai-listed-unit-sink-62-per-cent-in-february","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-sales-at-shimao-groups-shanghai-listed-unit-sink-62-per-cent-in-february\/","title":{"rendered":"Property sales at Shimao Group\u2019s Shanghai-listed unit sink 62 per cent in February"},"content":{"rendered":"


\nChinese developer Shimao Group Holdings said property sales at its mainland-listed subsidiary slumped last month, piling further financial pressure on one of the country\u2019s top real estate companies.Contracted sales at Shanghai Shimao sank 62 per cent to 1 billion yuan (US$158.4 million) in February from a year earlier, according to a filing to the Shanghai Stock Exchange on Tuesday.Shimao, founded by Hui Wing Mau, also known as Xu Rongmao, in 1989, was regarded as a sound and restrained\u2026
\n
\nSource : South China Morning Post
\nRead more…Property sales at Shimao Group\u2019s Shanghai-listed unit sink 62 per cent in February<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese developer Shimao Group Holdings said property sales at its mainland-listed subsidiary slumped last month,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-125171","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wyT","jetpack-related-posts":[{"id":124124,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-groups-shanghai-unit-defaults-on-us101m-project-loan-in-latest-blow-to-chinas-embattled-property-market\/","url_meta":{"origin":125171,"position":0},"title":"Shimao Group\u2019s Shanghai unit defaults on US$101m project loan in latest blow to China\u2019s embattled property market","date":"January 7, 2022","format":false,"excerpt":"\r A Shanghai construction materials supplier with links to the Shimao Group has defaulted on a US$101m project loan guaranteed by the Hong Kong-listed group, adding to its recent debt burden.Shanghai Shimao Construction Company failed to repay the proceeds as a guarantor for a project that raised funds for Shanghai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143203,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/embattled-chinese-developer-shimao-seeks-offshore-investors-approval-to-restructure-us11-7-billion-debt\/","url_meta":{"origin":125171,"position":1},"title":"Embattled Chinese developer Shimao seeks offshore investors\u2019 approval to restructure US$11.7 billion debt","date":"March 25, 2024","format":false,"excerpt":"\r The Shanghai-based firm is seeking approval from offshore creditors for a restructuring plan, according to a filing made to the Hong Kong stock exchange late on Monday, as part of its latest efforts to avoid liquidation.\r \r Source : South China Morning Post\r Read more...Embattled Chinese developer Shimao seeks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138570,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-shimao-group-slumps-67-per-cent-as-trading-resumes-after-16-month-suspension\/","url_meta":{"origin":125171,"position":2},"title":"China property crisis: Shimao Group slumps 67 per cent as trading resumes after 16-month suspension","date":"July 31, 2023","format":false,"excerpt":"\r Shares of Shimao Group plunged by the most on record, wiping out slightly more than HK$11 billion (US$1.4 billion) in market capitalisation after trading resumed in its shares for the first time since March 31, 2022.\r \r Source : South China Morning Post\r Read more...China property crisis: Shimao Group\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-is-latest-developer-to-see-sales-rise-since-chinas-property-rescue-package\/","url_meta":{"origin":125171,"position":3},"title":"Shimao is latest developer to see sales rise since China\u2019s property rescue package","date":"June 7, 2024","format":false,"excerpt":"\r Shimao has become the latest Chinese home builder to report higher property sales aided by Beijing\u2019s stimulus package aimed at reviving its crisis-hit real estate sector.\r \r Source : South China Morning Post\r Read more...Shimao is latest developer to see sales rise since China\u2019s property rescue package","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimao-once-hailed-as-one-of-chinas-stronger-developers-sued-by-uob-over-terms-of-us1-3-billion-loan\/","url_meta":{"origin":125171,"position":4},"title":"Shimao, once hailed as one of China\u2019s stronger developers, sued by UOB over terms of US$1.3 billion loan","date":"July 28, 2022","format":false,"excerpt":"\r Shimao, China\u2019s 22nd biggest developer by sales in the first half, was once considered one of the country\u2019s stronger developers, but had been trading at distressed levels in the dollar bond market for months now.\r \r Source : South China Morning Post\r Read more...Shimao, once hailed as one of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145525,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/soho-china-shimao-rf-and-8-other-chinese-developers-may-be-ineligible-for-mainland-cash\/","url_meta":{"origin":125171,"position":5},"title":"Soho China, Shimao, R&F and 8 other Chinese developers may be ineligible for mainland cash","date":"June 27, 2024","format":false,"excerpt":"\r Several Hong Kong-listed Chinese property developers risk being excluded from the Stock Connect programme as their valuations have fallen below the statutory minimum.\r \r Source : South China Morning Post\r Read more...Soho China, Shimao, R&F and 8 other Chinese developers may be ineligible for mainland cash","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125171"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=125171"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125171\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}