{"id":143151,"date":"2024-03-22T17:57:58","date_gmt":"2024-03-22T10:57:58","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-longfors-50-profit-slump-reflects-the-poor-state-of-housing-market\/"},"modified":"2024-03-22T17:58:11","modified_gmt":"2024-03-22T10:58:11","slug":"chinese-developer-longfors-50-profit-slump-reflects-the-poor-state-of-housing-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-longfors-50-profit-slump-reflects-the-poor-state-of-housing-market\/","title":{"rendered":"Chinese developer Longfor\u2019s 50% profit slump reflects the poor state of housing market"},"content":{"rendered":"


\nBeijing-based developer\u2019s net profit fell to 12.85 billion yuan (US$1.8 billion) in 2023, from 24.36 billion yuan in 2022. Revenue from property development declined 31.3 per cent year on year to 155.86 billion yuan.
\n
\nSource : South China Morning Post
\nRead more…Chinese developer Longfor\u2019s 50% profit slump reflects the poor state of housing market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Beijing-based developer\u2019s net profit fell to 12.85 billion yuan (US$1.8 billion) in 2023, from 24.36...<\/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-143151","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-BeT","jetpack-related-posts":[{"id":8016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-country-garden-sees-net-profit-fall-28-per-cent\/","url_meta":{"origin":143151,"position":0},"title":"Chinese developer Country Garden sees net profit fall 28 per cent","date":"March 15, 2016","format":false,"excerpt":"\r Country Garden, one of the largest home builders in China, saw its net profit decline 28 per cent last year to 8.45 billion yuan (HK$10 billion), mainly due to a 900 million yuan foreign exchange loss.\r \r Source : South China Morning Post\r Read more...Chinese developer Country Garden sees\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":143151,"position":1},"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":96826,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-evergrande-delivers-whopping-101pc-rise-in-half-time-profit\/","url_meta":{"origin":143151,"position":2},"title":"Developer Evergrande delivers whopping 101pc rise in half-time profit","date":"August 28, 2018","format":false,"excerpt":"\r China Evergrande, the country\u2019s third largest property developer by sales, posted a thumping 101.5 per cent surge in first-half core profit on Tuesday, and officials said they expect to easily top its annual sales targets, despite Beijing\u2019s measures to cool the still-overheating national housing market. Interim core profit came\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125669,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-property-crackdown-top-developer-country-garden-posts-profit-decline\/","url_meta":{"origin":143151,"position":3},"title":"China\u2019s property crackdown: top developer Country Garden posts profit decline","date":"March 30, 2022","format":false,"excerpt":"\r China\u2019s largest property developer Country Garden Holdings posted another year of profit decline as cracks widened in the country\u2019s US$1.7 trillion housing market. The Shenzhen-based company, ranked at the top of its industry by sales in China, reported on Wednesday a core net profit of 26.93 billion yuan (US$4.2\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96373,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-firm-vankes-first-half-profit-rises-25-per-cent-as-faster-construction-lifts-sales\/","url_meta":{"origin":143151,"position":4},"title":"Chinese property firm Vanke\u2019s first-half profit rises 25 per cent as faster construction lifts sales","date":"August 20, 2018","format":false,"excerpt":"\r China Vanke, the country\u2019s second-largest property developer by sales, posted a 25 per cent rise in first-half profit on Monday, as a faster construction speed helped it sell more homes. Net profit climbed to 9.1 billion yuan (US$1.3 billion) for the first six months of this year, while revenue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127353,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-may-miss-instalment-payment-on-4-billion-yuan-bond-as-lockdowns-pile-pressure-on-beleaguered-chinese-developer\/","url_meta":{"origin":143151,"position":5},"title":"Sunac China may miss instalment payment on 4 billion yuan bond as lockdowns pile pressure on beleaguered Chinese developer","date":"June 25, 2022","format":false,"excerpt":"\r Sunac was supposed to repay 400 million yuan in a second instalment payment on the bond on June 30.\r \r Source : South China Morning Post\r Read more...Sunac China may miss instalment payment on 4 billion yuan bond as lockdowns pile pressure on beleaguered Chinese developer","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\/143151"}],"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=143151"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/143151\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=143151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=143151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=143151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}