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China Property Sales: Housing market recovery is lucky for distressed developers

Homebuyers are coming back. The real estate industry, which accounted for as much as one-quarter of China s GDP can breathe a sigh of relief. Of the 70 major cities tracked by the government, 55 had price increases in February, versus only 15 in December ....

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Developer Sinic delisted in Hong Kong

Sinic Holdings Group will be delisted from the Hong Kong stock exchange next week, becoming the first mainland Chinese developer to face such a fate after failing to fulfil the conditions required to lift the suspension, reports the South China Morning Post. Sinic’s listing will be cancelled from April 13, according to an announcement from… ....

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