{"id":524266,"date":"2026-03-07T08:20:13","date_gmt":"2026-03-07T08:20:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/524266\/"},"modified":"2026-03-07T08:20:13","modified_gmt":"2026-03-07T08:20:13","slug":"singapore-developers-feel-the-heat-as-chinas-property-woes-continue","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/524266\/","title":{"rendered":"Singapore developers feel the heat as China\u2019s property woes continue"},"content":{"rendered":"<p><a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/singapore?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Singapore<\/a>\u2019s developers are taking hits as China\u2019s property downturn drags into another year, with declining rents, emptier buildings and falling values weighing on their results.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">But analysts say Beijing\u2019s huge market and recent policy support mean most investors are unlikely to pull back entirely, instead becoming far more selective about where they invest.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Recent earnings from several Singapore developers show the pressure building across their China portfolios, even as investors watch for signs the country\u2019s prolonged property downturn may be nearing a turning point.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Developers from the city state have been investing in China\u2019s property market since the world\u2019s second-largest economy opened its doors to global capital in the 1970s, and have since become one of the biggest groups of asset buyers.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Property investments from Singaporean investors reached 34.65 billion yuan in 2018, making the city state the largest asset buyer in China\u2019s property market, according to data by real estate agency Cushman &amp; Wakefield.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">But China\u2019s property sector has been in a slump since the central government imposed lending caps \u2013 known as the \u201cthree red lines\u201d policy \u2013 in 2020 to curb developers\u2019 leverage and rein in a housing boom.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Falling sales and prices have dragged down many Chinese developers. China Evergrande Group, once the country\u2019s largest, was ordered to liquidate in 2024, while China Vanke \u2013 formerly hailed as one of the more financially resilient names \u2013 has found itself under crushing debt.<\/p>\n","protected":false},"excerpt":{"rendered":"Singapore\u2019s developers are taking hits as China\u2019s property downturn drags into another year, with declining rents, emptier buildings&hellip;\n","protected":false},"author":2,"featured_media":524267,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[77,64,63,3686,99,261053,261055,512,65619,198961,261052,164,245695,113530,261054,261056,942,143431,261051],"class_list":{"0":"post-524266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asia-pacific","9":"tag-au","10":"tag-australia","11":"tag-beijing","12":"tag-business","13":"tag-capitaland-investment","14":"tag-cbre","15":"tag-china","16":"tag-china-evergrande-group","17":"tag-china-vanke","18":"tag-city-developments-limited","19":"tag-economy","20":"tag-jll","21":"tag-knight-frank","22":"tag-mapletree","23":"tag-savills-singapore","24":"tag-singapore","25":"tag-singaporean","26":"tag-three-red-lines"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/524266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=524266"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/524266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/524267"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=524266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=524266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=524266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}