China's Listed Developers Hit by First Drop in Annual Earnings

The growth of combined revenue of China's publicly traded property developers has slowed from 78% to 58% and just 2.5% in revenues over the past three years.

[CCPwillcollapse]

"Total floor space sold between January and April sank 13.4% year on year to 215.62 million square meters, where sales of residential space were down 14.9% to 190.12 million square meters, according to the National Bureau of Statistics.

Property sales revenue between January and April dipped 11.8% year on year to ¥1.24 trillion, where revenue from residential properties was down 13.5% to ¥1.03 trillion, according to the National Bureau of Statistics.

The downward trends have boosted floor space available for sale, which stacked up to 303.08 million square meters as of the end of April, up 33.4% from the a year earlier. Residential properties up for grabs at the end of April totaled 194.43 million square meters, up 44.1% from a year earlier, according to the National Bureau of Statistics."

A crash indeed.

[RayH]

Good, lots of cheaper real estate to buy by China's rising middle class.

[boondock saint]

Crash/burn.

[Bo Xilai]

RayH wrote:

Good, lots of cheaper real estate to buy by China's rising middle class.

You eatShiiiit too much that makes you drunk

[Snowflake]

Still too expensive for me to buy.

[CCPwillcollapse]

Don't buy BS CCP leaseholds. They are diminishing assets that will all be worth nothing at all soon, and their bogus values are falling daily. They will bottom out at the point all rental agreements do; the market value of a rental where you own nothing at all.

So, ENORMOUS downside to CCP China "real estate".

The scam is obviously collapsing along with the CCP itself.

[Zenom]

RayH wrote:

Good, lots of cheaper real estate to buy by China's rising middle class.

!!!

In China, property owners do NOT OWN the LAND !!!

Here in the West and other countries, these lease hold properties are priced well BELOW their comparable properties
(Average value of land is about 60% of total real estate value - higher in big cities)

Furthermore, Chinese Local Governments must EVENTUALLY collect
PROPERTY TAX in order to run things

Til then, your "cheaper real estate" is heading ...

At any rate, Poor Chinese People at the mercy of their own government

And this is a REAL SUCK

======
Zenom

[CCPwillcollapse]

Zenom wrote:

<quoted text>!!!
In China, property owners do NOT OWN the LAND !!!
Here in the West and other countries, these lease hold properties are priced well BELOW their comparable properties
(Average value of land is about 60% of total real estate value - higher in big cities)
Furthermore, Chinese Local Governments must EVENTUALLY collect
PROPERTY TAX in order to run things
Til then, your "cheaper real estate" is heading ...
At any rate, Poor Chinese People at the mercy of their own government
And this is a REAL SUCK
======
Zenom

Precisely.

The Chinese Communist Party taxes away every single penny of equity increase in every single square inch of China to subsidize the free ride in life the CCP elite get.

This makes the Chinese probably the most heavily taxed nation on earth.

Of course the CCP scam hides this completely, but it is the fact.

Think of a country where NOBODY can make a penny on the investment that is most beneficial to working people in the West---their homes, and all of that profit and increase in value is stolen by a corrupt lawless gang that will destroy your life or even murder you if you dare question or expose their LUCRATIVE SCAM.

That's how it works in China.