{"id":146705,"date":"2024-08-22T14:40:28","date_gmt":"2024-08-22T07:40:28","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-kaisa-group-flags-us1-2-billion-first-half-loss-amid-home-sales-slump-write-down\/"},"modified":"2024-08-23T08:23:41","modified_gmt":"2024-08-23T01:23:41","slug":"chinas-kaisa-group-flags-us1-2-billion-first-half-loss-amid-home-sales-slump-write-down","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-kaisa-group-flags-us1-2-billion-first-half-loss-amid-home-sales-slump-write-down\/","title":{"rendered":"China\u2019s Kaisa Group flags US$1.2 billion first-half loss amid home sales slump, write-down"},"content":{"rendered":"


\nThe developer\u2019s weak report card is likely to resemble those of most mainland Chinese developers, which are expected to extend a losing streak dating to 2020.
\n
\nSource : South China Morning Post
\nRead more…China\u2019s Kaisa Group flags US.2 billion first-half loss amid home sales slump, write-down<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The developer\u2019s weak report card is likely to resemble those of most mainland Chinese developers,...<\/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-146705","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-Cad","jetpack-related-posts":[{"id":49835,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-eyes-2017-turnaround-and-34pc-growth-in-sales-target\/","url_meta":{"origin":146705,"position":0},"title":"Kaisa eyes 2017 turnaround and 34pc growth in sales target","date":"March 27, 2017","format":false,"excerpt":"\r Kaisa Group Holdings Ltd, whose shares resumed trading in Hong Kong for the first time in two years, said it\u2019s confident of a business turnaround in 2017, after the developer reported its long-overdue financial results. The Shenzhen-based developer\u2019s 2016 loss narrowed to 612 million yuan, from a 2015 loss\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-kaisa-and-other-indebted-developers-get-a-break-as-chinas-rate-cuts-release-funds-to-relieve-their-cash-crunch-and-mounting-debt\/","url_meta":{"origin":146705,"position":1},"title":"Evergrande, Kaisa and other indebted developers get a break as China\u2019s rate cuts release funds to relieve their cash crunch and mounting debt","date":"January 20, 2022","format":false,"excerpt":"\r China\u2019s publicly traded developers soared on the stock market, as the first cut in mortgage rates in two years combined with a government plan to grant them easier access to sales receipts brought much-needed relief to their cash crunch and mounting debt.The Hang Seng Mainland Properties Index, which tracks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-firms-bond-issuances-fell-sharply-in-first-quarter-beikes-research-unit-says\/","url_meta":{"origin":146705,"position":2},"title":"Chinese property firms\u2019 bond issuances fell sharply in first quarter, Beike\u2019s research unit says","date":"April 8, 2022","format":false,"excerpt":"\r Bond issuances by Chinese property developers shrank sharply in the first quarter of 2022. Major developers issued offshore bonds worth only 35.5 billion yuan (US$5.6 billion) in the first three months of the year, which translates into a year-on-year decline of 68 per cent, said BRI, the research arm\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-vice-chairmans-bel-air-villa-is-for-sale-in-hong-kong-at-discount-as-developer-disposes-of-assets-to-raise-capital-amid-crippling-debt\/","url_meta":{"origin":146705,"position":3},"title":"Kaisa vice-chairman\u2019s Bel-Air villa is for sale in Hong Kong at discount as developer disposes of assets to raise capital amid crippling debt","date":"May 12, 2022","format":false,"excerpt":"\r Kaisa is struggling to raise cash as it faces US$11.4 billion of outstanding bonds and US$200 million of perpetual notes coming due in 2026, according to Bloomberg\u2019s data.\r \r Source : South China Morning Post\r Read more...Kaisa vice-chairman\u2019s Bel-Air villa is for sale in Hong Kong at discount as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kaisa-says-its-us150-million-xian-development-project-is-at-risk-over-dispute-with-local-developer-xingzhengyuan\/","url_meta":{"origin":146705,"position":4},"title":"Kaisa says its US$150 million Xi\u2019an development project is at risk over dispute with local developer Xingzhengyuan","date":"January 3, 2019","format":false,"excerpt":"\r Kaisa Group Holdings faces losing its entire investment of almost US$150 million in a key urban redevelopment project, underscoring the vagaries in China\u2019s property market. The Shenzhen-based home builder, which gained notoriety in 2015 when it became the first developer from the nation to default on US dollar debt,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-kaisa-group-almost-back-from-the-dead\/","url_meta":{"origin":146705,"position":5},"title":"China\u2019s Kaisa Group almost back from the dead","date":"March 24, 2017","format":false,"excerpt":"\r Is that a glimmer of light at the end of the tunnel for Kaisa Group Holdings? Perhaps. Saddled with the ignominious label of being the first and only Chinese property developer to default on overseas debt, Kaisa is finally going to hold a board meeting -- after several delays\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\/146705"}],"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=146705"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/146705\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=146705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=146705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=146705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}