OtherStaff WriterMon 02 Feb 15

Chinese property developers seeing red

New data compiled by Choice has shown some surprising results for property developers in China.

11 out of 47 property developers listed in Shanghai and Shenzhen have shown losses for the first time.

The results are surprising considering that over the past year real estate investments in Asia have shot up on the back of a variety of factors including the removal of red tape by Asian insurance companies.

ASIAN INSURERS TIPPED TO PUMP MILLIONS INTO REAL ESTATE

According to the data, one property developer suffered consecutive losses while ten other developers’ profits dropped in 2014.

CBRE estimates that total international property investment from China totals $180 billion.

The Shanghai and Shenzhen stock exchanges list 140 property developers.

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