{"id":125628,"date":"2022-03-25T18:31:03","date_gmt":"2022-03-25T11:31:03","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-longfor-group-posts-20-per-cent-profit-rise-for-2021-avoiding-debt-crisis-engulfing-chinas-property-market\/"},"modified":"2022-03-25T19:02:24","modified_gmt":"2022-03-25T12:02:24","slug":"developer-longfor-group-posts-20-per-cent-profit-rise-for-2021-avoiding-debt-crisis-engulfing-chinas-property-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-longfor-group-posts-20-per-cent-profit-rise-for-2021-avoiding-debt-crisis-engulfing-chinas-property-market\/","title":{"rendered":"Developer Longfor Group posts 20 per cent profit rise for 2021, avoiding debt crisis engulfing China\u2019s property market"},"content":{"rendered":"


\nChinese developer Longfor Group Holdings has posted a profit gain of 20 per cent for last year, managing to weather a crisis in China\u2019s property industry triggered by defaults among some of its heavily indebted peers.Chongqing-based Longfor said its core profit reached 22.44 billion yuan (US$3.52 billion), up by a fifth from 2020. The annual increase was the same as in the previous year.\u201cWe did not buy much land last year and only got a couple of plots at reserve prices at the end of the year,\u201d\u2026
\n
\nSource : South China Morning Post
\nRead more…Developer Longfor Group posts 20 per cent profit rise for 2021, avoiding debt crisis engulfing China\u2019s property market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese developer Longfor Group Holdings has posted a profit gain of 20 per cent for...<\/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-125628","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-wGg","jetpack-related-posts":[{"id":83551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/longfor-sets-200-billion-yuan-sales-target-as-core-profit-rises-by-a-quarter\/","url_meta":{"origin":125628,"position":0},"title":"Longfor sets 200 billion yuan sales target as core profit rises by a quarter","date":"March 23, 2018","format":false,"excerpt":"\r Longfor Properties, China\u2019s eighth largest developer by sales, set its 2018 sales target at 200 billion yuan after posting a 25.9 per cent increase in core net profit last year.\u00a0 The Beijing-based developer saw core net profit, which excludes valuation gains and foreign exchange losses, jump to 9.77 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30723,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/longfor-properties-sees-funding-costs-below-5pc-despite-credit-tightening\/","url_meta":{"origin":125628,"position":1},"title":"Longfor Properties sees funding costs below 5pc despite credit tightening","date":"October 19, 2016","format":false,"excerpt":"\r Longfor Properties, one of China\u2019s largest residential and commercial developers, expects its financing costs to drop below 5 per cent by the end of the year, even as the central government looks to tighten lending to the property sector. The company\u2019s average funding costs already stood at a record-low\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148061,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-developers-from-vanke-to-longfor-see-october-sales-surge\/","url_meta":{"origin":125628,"position":2},"title":"China\u2019s property developers from Vanke to Longfor see October sales surge","date":"November 9, 2024","format":false,"excerpt":"\r A release of pent-up demand driven by rate cuts has given developers a much-needed sales boost.\r \r Source : South China Morning Post\r Read more...China\u2019s property developers from Vanke to Longfor see October sales surge","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74244,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-longfor-subsidiary-first-to-seek-nod-for-china-rental-housing-bonds\/","url_meta":{"origin":125628,"position":3},"title":"Hong Kong-listed Longfor subsidiary first to seek nod for China rental housing bonds","date":"December 11, 2017","format":false,"excerpt":"\r China\u2019s push to develop the rental housing sector is offering cash-strapped developers a way back to the onshore bond market after more than a year of issuance restrictions aimed at cooling down property prices. Longfor Chongqing Enterprise Development, a domestic subsidiary of Hong Kong-listed Longfor Properties, last week filed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-spook-investors-as-cifi-halts-bond-payments-after-longfor-country-garden-roil-markets\/","url_meta":{"origin":125628,"position":4},"title":"Chinese developers spook investors as CIFI halts bond payments after Longfor, Country Garden roil markets","date":"November 1, 2022","format":false,"excerpt":"\r The company joins Country Garden and Longfor on a list of developers once considered healthy but exhibiting signs of distress this week, as the situation in China\u2019s housing market deteriorates further.\r \r Source : South China Morning Post\r Read more...Chinese developers spook investors as CIFI halts bond payments after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131555,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/longfor-taps-bond-guarantee-plan-sending-stocks-soaring-amid-hopes-that-chinas-financial-lifeline-can-save-more-property-developers\/","url_meta":{"origin":125628,"position":5},"title":"Longfor taps bond guarantee plan, sending stocks soaring amid hopes that China\u2019s financial lifeline can save more property developers","date":"November 11, 2022","format":false,"excerpt":"\r The plan is the crucial \u201c second arrow \u201d in the government\u2019s quiver of financial support for the property sector, saddled with overdue bonds, unfinished homes and dozens of developers on the brink of bankruptcy.\r \r Source : South China Morning Post\r Read more...Longfor taps bond guarantee plan, sending\u2026","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\/125628"}],"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=125628"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125628\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}