For struggling property giants seeking any indications of a turnaround in China’s prolonged real estate crisis, “topping off” a building is cause for celebration.
PROPERTY
BlackRock sells Shanghai tower at 34% discount as it pulls back from China property
The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources The world’s largest asset manager BlackRock is selling its last …
‘Shameful’: China woman buys flat for old professor she cares for, family claims property
A Chinese student who bought a home for her professor and cared for her like a mother during her later years is now embroiled in a legal battle after the professor’s relatives attempted to claim…
China’s developers start to climb out of their self-dug hole
But while Sunac’s restructuring is both slow and painful, there are signs that its market is improving. Home sales in China are stabilising, with secondary sales making up a greater share of activity.
China woman changes locks on 80 flats, sells them to defraud friends out of US$3.3 million
While husband lives frugally to pay off debt, wife lavishly gifts live-streamer lover with extravagant items and properties A woman in China orchestrated a scheme in which she changed the locks on 80 …
GOP revives plan to ban China, Iran from buying most property in Ohio
The bills would ban “foreign adversaries” from buying land near critical infrastructure, but it might also get in the way of foreign workers buying homes.
China’s steel market is still in thrall to bleak property data
LONDON] Chinese steel prices are languishing, despite signs of resilience in the wider economy and the approach of peak demand season in the building industry. Read more at The Business Times.
China’s property market edges toward an inflection point
UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to stabilizing.
China’s $150 Billion of Property Debt Restructurings Stumble
Creditors owed around $150 billion by defaulted Chinese developers always stood to get just pennies back, but many are finding that even after a debt plan is agreed it’s not necessarily a done deal.
China on the verge of migration shifts, as cities adapt to changing housing market
From economic growth engine to risk, China is recalibrating its relationship with the property sector as it keeps its economic growth target at around 5 per cent.
Property developer Sunac China warns of wider loss for 2024
Property developer Sunac China said on Monday it expects to report a wider loss for the year ended December 2024.
UBS Sees China Property Turnaround Coming Sooner Than Expected
UBS Group AG is predicting China’s property sector to recover sooner than previously anticipated, led by a revival in top-tier cities.
China’s property slump persists as stimulus struggles to stabilise sector
China’s property slump persisted in February, with official figures on Monday showing declines in prices, investment and sales, as government measures and promises of more stimulus did little to boost …
