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Business Times
3 days ago
- Business
- Business Times
Falling sales offer few signs of end to China's property slump
FALLING property sales over the first five months of 2025 show how China's economically important real estate market remained stuck in a slump this year despite signs of heat in the markets in higher-tier cities. Cumulative sales of China's top 100 property developers from January to May fell 7.1 per cent year-on-year to 1.3 trillion yuan (S$233.2 billion), accelerating from the 6.7 per cent drop for the January-to-April period, according to figures published Saturday by China Real Estate Information Corp (CRIC). The CRIC report measures sales from projects directly managed by the top 100 developers, excluding projects including those run by external partners. Figures released by another data provider for the industry, China Index Holdings (CIH), painted a similar picture. Total sales of the top 100 property developers for the first five months were down 10.8 per cent year-on-year to 1.4 trillion yuan, according to a recent CIH report. In the CIH report, sales included revenue from projects managed by both developers' in-house sales teams and those outsourced. For May alone, sales by top developers fell 8.6 per cent year-on-year to nearly 295 billion yuan, although the total was up 3.5 per cent on a month-on-month basis, according to CRIC figures. The CIH data showed an even steeper year-on-year sales drop of 17.3 per cent for May, with the decline widening from 16.8 per cent in April. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up To put the scale of the downturn in perspective, sales of 1.3 trillion yuan amount to less than 30 per cent of the total made over the first five months of 2021, before the slump began. The May sales figures offer a broader view of a national real estate market that has grown increasingly bifurcated. Analysts have been highlighting the difference in demand between metropolises such as Beijing and Shanghai and in lower-tier Chinese cities. In Shanghai, demand looks to be heating up. According to a report by EH Consulting, a real estate industry research institute, multiple residential projects managed to sell out in a single day in May. In one example, a local subsidiary of developer Greentown China Holdings sold all 120 units of a project on the same day it was put on the market, the report said. The homes sold for 195,000 yuan per square meter, generating nearly 7 billion yuan in revenue. It's a different story in some of China's lesser-known and less wealthy cities. The vast majority of property developments in third and fourth-tier cities have far more supply than demand, said a senior sales executive at a leading property developer who did not wish to be named. Two factors have long helped drive China's property market: the need for new homes and the belief that housing was a sure-fire investment. Since the downturn, however, residential property has lost its appeal as an investment in many third- and fourth-tier cities, the executive said. In addition, basic housing needs have already been met in those areas. With the populations of many of the cities already starting to shrink and with the average household already owning two or three homes, a slowdown in home sales was inevitable 'In the long run, we believe the property market will eventually stabilise,' the executive said. 'But in the near term, market divergence will persist.' Addressing the disparity requires tackling the problem from both the supply and demand sides, market insiders said. The CRIC report noted that the current new housing supply has fallen significantly, particularly in hot markets such as Shanghai, Shenzhen, Hangzhou and Chengdu. The situation has limited the potential for a surge in sales volume in those cities. Changes to government policy could help. The EH Consulting report recommended shifting from broad-based stimulus to more targeted, nuanced regulation over the property market. That would help different parts of the market achieve a better balance between supply and demand that would eventually stabilise prices. CIH expects housing market policy to remain accommodative in June. With the mid-year sales window approaching, property developers are likely to accelerate project launches and increase their marketing efforts, the report said. It added that the market in core cities is expected to continue its recovery, although divergences between cities are likely to continue. CAIXIN GLOBAL
Business Wire
4 days ago
- Health
- Business Wire
AIHA Announces New 2025-2026 Board Members, Prepares for Inaugural Strategic Meeting in New Orleans, LA
FALLS CHURCH, Va.--(BUSINESS WIRE)--AIHA, the association for occupational and environmental health and safety (OEHS) professionals, inducted its new Board of Directors for the 2025-2026 term during its annual business meeting held during the AIHA Connect 2025 conference in Kansas City, MO. The AIHA Board will commence its first Strategic Planning meeting in July in New Orleans, LA, site of AIHA Connect 2026. The 2025-2026 Board of Directors includes officers: President: Bradley S. King, PhD, MPH, CIH President-Elect: Nancy M. McClellan, MPH, CIH, CHMM Vice President: Cheryl Marcham, PhD, CIH, CSP, CHMM, FAIHA Past President: Nicole M.H. Greeson, MS, CIH Secretary: Justine Parker, CIH, CSP, CPH, CHMM Treasurer: Lucinette Alvarado Rivera, CIH Treasurer-Elect: Eric R. White, MPH, CIH, CSP AIHA members serving as directors-at-large include: Isabel Bacarella, MPH, CIH, CSP Vanessa A. Brady, MS, CIH, CSP Matthew M. Dahm, PhD John R. Moore III, CIH, CSP Bradley Rodgers, MS, MBA, CIH, CSP Amy Snow, CIH 'Each member of AIHA's Board of Directors contributes their own unique perspectives and experiences,' said Lawrence Sloan, CEO of AIHA. 'Their knowledge, expertise, dedication, and passion support our mission of promoting and protecting worker health and will contribute significantly to our efforts as we continue to navigate the evolving landscape of occupational health and safety.' Sloan expressed his appreciation for the invaluable contributions made to AIHA by the outgoing Board members: Dina M. Siegel, CIH, CSP, CBSP, FAIHA, former past president; Pamela A. Kostle, CIH, FAIHA, former secretary; and Bryan Seal, PhD, CIH, CSP, CHMM, REHS; former director-at-large. 'Our Board members volunteer significant time and energy during their tenures, and for that we are grateful,' said Sloan. 'Their contributions to AIHA will have lasting effects on our organization and the health and safety of workers and communities around the world.' Details of Newly Elected 2025-2026 Board Members: Cheryl (Cheri) Marcham, PhD, CIH, CSP, CHMM, FAIHA, was elected Vice President. Marcham has previously served on the board as a director-at-large. She has volunteered with several AIHA groups including the Indoor Environmental Quality Committee, Academic Accreditation Panel, Conference Program Committee, Real-Time Detection Systems Committee, and more. She has authored or contributed to several AIHA publications, including serving most recently as Project Team Leader for the Aerosolized Infectious Agents Guidance Document and as Project Team member of the Hierarchy of Controls White Paper, which received the 2024 AIHA President's Award. Marcham is Associate Professor and Program Chair at Embry-Riddle Aeronautical University. Isabel Bacarella, MPH, CIH, CSP, was elected director-at-large. Bacarella has been a member of AIHA since 2010 and previously served as Chair of the Women in Industrial Hygiene Committee, President of the Gulf Coast Local Section, and member of the AIHA Career and Employment Services Group. In 2016, she received the AIHA Outstanding Volunteer Member Award. Bacarella currently works as Manager of Gas Transmission & Midstream (GRM) Safety Operations at Enbridge in Houston, TX. Amy Snow, CIH, was elected director-at-large. Snow has served as Chair of the Healthcare Working Group, Lead of the Hazardous Drug Subcommittee (publishing the AIHA Hazardous Drug Surface Contamination Guidance Document), and Secretary of the Carolinas Local Section. Snow has also served on the Occupational and Environmental Epidemiology Volunteer Group. She currently works for Trinity - SafeBridge Consultants as a Managing Industrial Hygienist. Justine Parker, CIH, CSP, CPH, CHMM and Eric R. White, MPH, CIH, CSP moved from director-at-large roles on the Board to the officer positions of secretary and treasurer respectively. AIHA appreciates their continued support. About AIHA AIHA is the association for scientists and professionals committed to preserving and ensuring occupational and environmental health and safety (OEHS) in the workplace and community. Founded in 1939, AIHA supports worker health and safety through our expertise, networks, comprehensive education programs, and other products and services that help companies maintain the highest professional and competency standards. AIHA serves as a resource for those employed across the public and private sectors and the communities in which they work. For more information visit
