The Shanghai-based company has struggled to sell enough houses amid a sustained property downturn in China or secure refinancing to pay investors who are due full redemption on their bonds in May …
PROPERTY
China expands its religious war to the Catholic Church
it forces technology transfers and steals hundreds of billions of dollars in foreign intellectual property. Evinced by major U.S. corporations such as Coca-Cola and Disney and institutions such as …
Chinese Court Declares Bitcoin Is “Virtual Property”
This is the first time a top court in China has ruled on Bitcoin. This week, Shanghai High People’s Court said that Bitcoin, the world’s largest cryptocurrency by market capitalization, is a “virtual …
China’s property sector is on shaky grounds but one company says its books are clean
Nearly halfway into 2022, China’s real estate market is continuing the debt-bedeviled downturn it began last year, after nearly three decades of stellar growth: Sales of the top 100 property …
Where are Chinese property investors buying now?
Despite travel restrictions, Australia remains favoured by Chinese property investors while Thailand and the UAE are of interest too …
Contagion or control? The reality of China’s real estate defaults
Emerging markets specialists believe Beijing will prevent Evergrande, Sunac and other troubled developers from bringing down the rest of the economy but other problems linger.
Where are Chinese property investors buying now? Why Thailand and Australia are booming, from Regal Azzura in Queensland to Bangkok’s The Livin Ramkhamhaeng
Queensland has been gaining traction over New South Wales for its affordability and laid-back lifestyle – something that Regal Azzura offers in abundance Thailand remains a popular investment …
Father gifts son 20 real estate properties to help him attract a wife
A father in China showed up to a matchmaking corner with a stack of deeds for commercial properties in order to find his son a wife.
Sunac’s ‘landmark’ default deepens property crisis
One of China’s largest developers seeks to restructure offshore debt as market hunkers down for more bad news from the sector The list of Chinese property developers defaulting on their dollar bonds …
Sunac China Holdings defaults on US$741.6 million bond, snared by ‘three red lines’ policy and sputtering home sales amid Covid-19 outbreaks
The company failed to pay US$29.5 million in interest due on a US-dollar bond and expects to miss payments on three additional notes, it said in a filing The developer’s April sales dropped 75 per…
China property platform KE Holdings opens at HK$30 a share in Hong Kong debut
Chinese property firm KE Holdings shares opened at HK$30 each in their Hong Kong debut on Wednesday after the company listed without raising capital. The New York-listed firm carried out a listing by …
China property sector still reeling despite the easing of some 2020 curbs
CHINA’S property sector – which accounts for around a quarter of the economy – continues to reel as Beijing struggles to balance the taming of heavily-indebted property developers and its strict …
China’s outstanding property loans up 6% year-on-year at Q1-end
China’s outstanding property loans totalled 53.22 trillion yuan ($7.96 trillion) at the end of the first quarter, up 6% from a year earlier, the central bank said in a statement on Friday. New …
