China’s Real Estate Developers are Struggling

Listed property developers in Mainland China first quarter reports have been coming in and more than 60% of those whose shares trade on the A-share market reported lower profits or losses.  Many developers are cutting prices on new projects to spur sales and raise cash, especially in big cities such as Beijing and Shanghai.  In the latter, some developers have offered discounts of up to 40%, even for prestigious water-front and central business district locations.

Propective buyers show little interest in finalizing deals now, and many plan to wait for further price declines.

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Experience Business Developer & Alliance Partner Manager with Strong Technical Background Dealing with Complex Solutions
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