{"id":125688,"date":"2022-04-01T06:30:22","date_gmt":"2022-03-31T23:30:22","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-zhenro-and-china-overseas-post-falling-profits-as-clampdown-adds-to-dimming-economic-prospects-in-driving-homebuyers-to-the-sidelines\/"},"modified":"2022-04-01T07:11:24","modified_gmt":"2022-04-01T00:11:24","slug":"vanke-zhenro-and-china-overseas-post-falling-profits-as-clampdown-adds-to-dimming-economic-prospects-in-driving-homebuyers-to-the-sidelines","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-zhenro-and-china-overseas-post-falling-profits-as-clampdown-adds-to-dimming-economic-prospects-in-driving-homebuyers-to-the-sidelines\/","title":{"rendered":"Vanke, Zhenro and China Overseas post falling profits as clampdown adds to dimming economic prospects in driving homebuyers to the sidelines"},"content":{"rendered":"


\nSeveral Chinese property developers have reported plunging 2021 profits, as a clampdown on home prices combined with dimming economic prospects to deter buyers from committing to big-ticket purchases during the Covid-19 pandemic. China Vanke, the country\u2019s third-largest real estate company by sales, said its core net profit halved to 22.5 billion yuan (US$3.54 billion) while sales fell 10 per cent to 628.78 billion yuan, according to a statement to the Hong Kong stock exchange. Zhenro\u2026
\n
\nSource : South China Morning Post
\nRead more…Vanke, Zhenro and China Overseas post falling profits as clampdown adds to dimming economic prospects in driving homebuyers to the sidelines<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Several Chinese property developers have reported plunging 2021 profits, as a clampdown on home prices...<\/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-125688","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-wHe","jetpack-related-posts":[{"id":143715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indebted-chinese-developer-zhenro-asks-to-delay-restructuring-amid-strained-conditions-ping-an-units-lawsuit-threat\/","url_meta":{"origin":125688,"position":0},"title":"Indebted Chinese developer Zhenro asks to delay restructuring amid \u2018strained\u2019 conditions, Ping An unit\u2019s lawsuit threat","date":"April 12, 2024","format":false,"excerpt":"\r Shanghai-based developer, facing 61.86 billion yuan (US$8.5 billion) in debts, says it needs more time to consider restructuring plan amid slumping sales and slow asset disposal as the property market crisis grinds on.\r \r Source : South China Morning Post\r Read more...Indebted Chinese developer Zhenro asks to delay restructuring\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vanke-slashes-project-price-by-40-per-cent-offers-200000-yuan-to-first-round-of-homebuyers-for-design-change\/","url_meta":{"origin":125688,"position":1},"title":"China Vanke slashes project price by 40 per cent, offers 200,000 yuan to first round of homebuyers for \u2018design change\u2019","date":"October 11, 2018","format":false,"excerpt":"\r China Vanke, the country\u2019s second-largest property developer by sales, on Wednesday said it was offering 200,000 yuan (US$28,800) in compensation to buyers at its Shoukai-Vanke Bailujun Project in Xiamen for \u201cdesign adjustments\u201d. The offer comes after Vanke recently lowered the selling prices of the project, which has been on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124652,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-junk-bonds-zhenro-shock-warning-shakes-ratings-credibility\/","url_meta":{"origin":125688,"position":2},"title":"China junk bonds\/Zhenro: shock warning shakes ratings\u2019 credibility","date":"February 21, 2022","format":false,"excerpt":"\r Developers\u2019 woes will make refinancings harder, and more defaults should be expected\r \r Source : ft.com\r Read more...China junk bonds\/Zhenro: shock warning shakes ratings\u2019 credibility","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-and-china-vanke-report-profit-gains-and-high-debt-ratios-during-2018\/","url_meta":{"origin":125688,"position":3},"title":"China Evergrande and China Vanke report profit gains and high debt ratios during 2018","date":"March 27, 2019","format":false,"excerpt":"\r Mainland property developers China Vanke and China Evergrande Group reported upbeat profit results for 2018, along with higher debt levels.Evergrande, chaired by billionaire Hui Ka-yan, saw core profit jump 93.3 per cent to 78.32 billion yuan (US$11.88 billion) for the year, up 93.3 per cent on year, while revenue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":163618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-china-vanke-reports-us2-3-billion-loss-amid-sales-slowdown\/","url_meta":{"origin":125688,"position":4},"title":"Developer China Vanke reports US$2.3 billion loss amid sales slowdown","date":"October 31, 2025","format":false,"excerpt":"\r Developer China Vanke reported a deeper third-quarter loss, highlighting mounting challenges as the prolonged property market downturn continues to weigh on its sales. The Shenzhen-based company posted a loss of 16.1 billion yuan (US$2.3 billion) in the three months ended September 30, roughly doubling its loss from a year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-high-sales-at-chinese-developer-vanke-which-unveiled-to-survive-slogan-in-2018\/","url_meta":{"origin":125688,"position":5},"title":"Record high sales at Chinese developer Vanke, which unveiled \u2018to survive\u2019 slogan, in 2018","date":"January 4, 2019","format":false,"excerpt":"\r China Vanke, mainland China\u2019s second-largest property developer by sales, said on Friday it generated 606.95 billion yuan (US$88.28 billion) in sales last year, a record high for the company. Vanke said contracted sales in December were up by 8 per cent compared with the previous month, generating 63.01 billion\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\/125688"}],"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=125688"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/125688\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=125688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=125688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=125688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}