{"id":128805,"date":"2022-08-24T17:30:15","date_gmt":"2022-08-24T10:30:15","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-state-backed-developers-coli-poly-property-book-smaller-profits-as-three-red-lines-stokes-worst-rout-in-home-sales-since-1998\/"},"modified":"2022-08-24T18:08:32","modified_gmt":"2022-08-24T11:08:32","slug":"chinese-state-backed-developers-coli-poly-property-book-smaller-profits-as-three-red-lines-stokes-worst-rout-in-home-sales-since-1998","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-state-backed-developers-coli-poly-property-book-smaller-profits-as-three-red-lines-stokes-worst-rout-in-home-sales-since-1998\/","title":{"rendered":"Chinese state-backed developers COLI, Poly Property book smaller profits as \u2018three red lines\u2019 stokes worst rout in home sales since 1998"},"content":{"rendered":"


\nCovid-19 lockdowns, \u2018three red lines\u2019 policy and other economic challenges contributed to weaker profits amid the housing industry\u2019s worst slump since 1998.
\n
\nSource : South China Morning Post
\nRead more…Chinese state-backed developers COLI, Poly Property book smaller profits as \u2018three red lines\u2019 stokes worst rout in home sales since 1998<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Covid-19 lockdowns, \u2018three red lines\u2019 policy and other economic challenges contributed to weaker profits amid...<\/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-128805","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-xvv","jetpack-related-posts":[{"id":124334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/agile-group-becomes-latest-debt-ridden-chinese-developer-to-be-rescued-by-state-owned-company\/","url_meta":{"origin":128805,"position":0},"title":"Agile Group becomes latest debt-ridden Chinese developer to be rescued by state-owned company","date":"January 24, 2022","format":false,"excerpt":"\r State-backed companies are coming to the rescue of embattled Chinese developers pushed to the edge of financial ruin by Beijing\u2019s \u201cthree red lines\u201d borrowing restrictions.Agile Group, one of the country\u2019s top 20 home sellers, said it will sell its 26.7 per cent stake in a Guangzhou property joint venture\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developers-including-poly-property-china-resources-accelerate-sales-to-shore-up-cash-flow-to-minimise-impact-of-covid-19\/","url_meta":{"origin":128805,"position":1},"title":"Mainland developers including Poly Property, China Resources accelerate sales to shore up cash flow to minimise impact of Covid-19","date":"March 26, 2020","format":false,"excerpt":"\r Some of China\u2019s biggest developers are set to accelerate sales and shorten their construction cycles to shore up cash flow in response to the economic fallout from the Covid-19 outbreak.Four mainland Chinese builders reported higher profit growth for 2019 on Thursday, but said they are braced for hard times\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144981,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/poly-propertys-sales-slump-as-beijings-market-rescue-package-produces-mixed-results\/","url_meta":{"origin":128805,"position":2},"title":"Poly Property\u2019s sales slump as Beijing\u2019s market rescue package produces mixed results","date":"June 6, 2024","format":false,"excerpt":"\r The Chinese state-backed developer saw sales fall by almost a fifth in May, adding to a mixed picture of the impact of Beijing\u2019s historic measures to rescue its crisis-hit real estate segment.\r \r Source : South China Morning Post\r Read more...Poly Property\u2019s sales slump as Beijing\u2019s market rescue package\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142793,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/restructuring-specialists-boost-hong-kong-staff-as-china-property-crisis-stokes-demand\/","url_meta":{"origin":128805,"position":3},"title":"Restructuring specialists boost Hong Kong staff as China property crisis stokes demand","date":"February 27, 2024","format":false,"excerpt":"\r Global restructuring specialists have increased their headcount as rising defaults by Hong Kong-listed Chinese property developers requires them to enter into restructuring talks with creditors or face liquidation.\r \r Source : South China Morning Post\r Read more...Restructuring specialists boost Hong Kong staff as China property crisis stokes demand","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-asset-backed-securities-sorted-for-builders-china-now-needs-to-develop-reit-market\/","url_meta":{"origin":128805,"position":4},"title":"With asset-backed securities sorted for builders, China now needs to develop reit market","date":"October 31, 2017","format":false,"excerpt":"\r China\u2019s tentative step to allow developers of rental flats to raise funds against their assets has provided a silver lining to developers grappling with unsold inventories, but to kick start the Real estate investment trust (reit) market\u2019s trillion-yuan potential, several obstacles need to be overcome, industry insiders said. Last\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105191,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/three-hong-kong-listed-chinese-developers-disappoint-investors-as-earnings-miss-estimates\/","url_meta":{"origin":128805,"position":5},"title":"Three Hong Kong-listed Chinese developers disappoint investors as earnings miss estimates","date":"March 20, 2019","format":false,"excerpt":"\r Three Hong Kong-listed Chinese developers that released their 2018 results on Wednesday missed expectations because of lower-than-expected revenue booking.China Overseas Land & Investment (COLI), the second-largest Hong Kong-traded Chinese developer by market capitalisation, posted an 8.3 per cent increase in core profit while revenue grew just 3.25 per cent.The\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\/128805"}],"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=128805"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/128805\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=128805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=128805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=128805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}