China’s real estate behemoth Evergrande Group missed another debt payment last week, and the Chinese government, worried about systemic risks, is promising action. But why now, where were they when …
PROPERTY
Chinese property developers’ ability to repay debt hits decade low
Even before China Evergrande Group’s debt crisis sent the country’s property sector into a tailspin, Chinese property firms were struggling to earn enough to make interest payments on their debt, data …
Shares in China property firm Evergrande suspended pending ‘major transaction’
Trading halt sends markets Asian stocks falling amid speculation the debt-laden group will sell off its property management arm …
Shares in property firm China Evergrande suspended on takeover deal as Asian markets lead global dip
Embattled real estate giant announces deal with fellow Guangdong-based developer Hopson Development to acquire property management unit …
China Property Giant Evergrande Suspends Hong Kong Market Trading
Embattled property giant China Evergrande on Monday suspended trading in its shares on the Hong Kong stock exchange without giving a reason.
Shares of China Evergrande and property services unit suspended – HKEX
Trading in shares of debt-laden China Evergrande 3333.HK was suspended on Monday after it missed a key bond interest payment last week, its second offshore debt obligation in a week, with market …
The next real estate crisis could come from China
Debt is as much a part of the real estate business as bricks and mortar. And as the great New York builder William Zeckendorf once famously remarked, ‘it’s better to be alive at 20 percent…
China Auctioned Off Property Worth $84.8 Million Of Detained Uyghurs: Report
Chinese authorities have been auctioning off the property of some detainees and raising tens of millions of US dollars amid mass internment of its own citizens in Xinjiang province, a media report …
The Evergrande crisis: 4 questions that explain why China’s property market, which is twice as big as America’s and where 20% of homes are empty, matters
“Over past decades, the price of Chinese real estate has gone up. This has generated a popular belief that real estate is always safe to invest in.” …
Triada Capital says China will want to keep the property sector stable despite Evergrande crisis
Monica Hsiao of Triada Capital says the property sector is still a main pillar of economic growth in China, despite the “huge” dislocation within the market right now. As a result, she said the …
China’s property crisis bigger than just Evergrande
It’s not just Evergrande that’s under financial duress. A growing number of Chinese property developers now face liquidity crunches and are seeking …
China’s problem with property: the domino effect of Evergrande’s huge debts
So far, such measures seem to have had at least a temporary effect on the stock market, which has seen dramatic falls over the past six months. On September 23, the share price of Evergrande…
China’s Property Sector Has Bigger Problems Than Evergrande
The story of how China’s property market reached this point is an illustration of both Beijing’s power over market forces and its limitations. The property market kept expanding because investors and …