In an effort to entice buyers in rural areas of Henan Province, the firm is running a limited-time “swap wheat for house” promotion meant to reduce the financial burden of buying in what’s become …
PROPERTY
How China’s Property Developers Got Into Such a Mess
Construction and property sales have been the biggest engines of economic growth since President Xi Jinping came to office a decade ago. Home prices skyrocketed — surging sixfold over the past 15 …
Desperate Chinese property developer willing to ‘swap wheat for house’
A desperate developer in China’s softening property market is coming up with a novel promotion to attract buyers, recently offering to take wheat and garlic as down payments.
China’s Long-Suffering Property Stocks Aren’t Yet a Buy
Hints of a bottom for sales in large cities have lifted shares in recent days. But extrapolating to the much broader national property market is risky.
Chinese property developers increase fund-raising on interbank bond market
Chinese property developers have increased fundraising on the interbank bond market, data from a market dealer group showed. Nearly 10 developers including Poly Development and PowerChina Real Estate …
Gramercy sees value in buying up indebted China real estate
Founder Robert Koenigsberger notes parallels to Russia in the 1990s and is loading up on property company bonds …
China’s property crisis: Debt-laden Guangzhou R&F Properties seeks extension on 10 offshore bonds worth US$5.16 billion
Guangzhou R&F Properties is seeking investors’ consent to extend the maturity dates of 10 of its offshore bonds worth US$5.16 billion due between now and 2024, to avoid defaults.
Prices for New Homes in China Slide Further
Government support measures for the industry have yet to take hold after a yearlong regulatory campaign aimed at reining in developers’ debt levels.
China’s new home prices fall again, more stimulus expected
From a year earlier, prices slipped 0.1%, down for the first time since September 2015 and retreating from a 0.7% gain in April.
Real estate in China is still a big concern despite signs of overall economic recovery
China’s statistics bureau said the real estate market is still in a negative trajectory, and figures for May are showing a greater decline in the sector than in April. CNBC’s Evelyn Cheng reports.
Property investment down 4 pct in January-May
China’s investment in property development went down 4 percent year on year in the first five months of 2022, data from the National Bureau of Statistics (NBS) showed Wednesday. The total property …
China May property sales fall at slower pace as policies buoy demand
China’s May property sales fell at a slower pace for the first time in three months, suggesting improved buyer sentiment in the sector after several easing measures taken by cities across the country …
China factory output, retail sales weak as Covid shadow persists
Shanghai, China’s most populous city, started emerging from a gruelling two-month lockdown in June, providing a boost to economic sentiment. But observers remain cautious in part due to a sharp …
