China’s investment in property development rose 3.7 percent year on year in the first two months of this year, data from the National Bureau of Statistics (NBS) showed Tuesday. During the period, …
PROPERTY
Time Is Running Out for China’s Developers to Come Clean on Debt
China’s listed property firms have just over two weeks left to agree with auditors on how much debt they are liable for and whether there’s sufficient cash to pay for it.
Evergrande: the end of China’s property boom
The rapid expansion of China’s property sector was powered by a great migration from the farms to the cities – and built on cheap credit. The FT tells the story of Evergrande, the most indebted…
China’s Growing Club Of Indebted Property Billionaires
China’s real estate industry used to be a goldmine, minting one billionaire after another. Today, it has become a debt trap for shareholders and investors. The industry’s billionaire founders are …
Soho China dangles 30 per cent discount on commercial properties to trim debt after aborted Blackstone deal
Soho China plans to sell about 32,000 square metres from its portfolio in Beijing and Shanghai Proceeds from the sale will be used to cut debt, says chairman Pan Shiyi Soho China is offering a…
China property crisis needs a deeper fix
China’s property debt crisis appears to be spiralling out of control. While there is no easy fix for the liquidity crunch facing the sector, there is growing urgency to restore investor confidence in …
Commercial property projects touting ‘preservation’ as underlying theme sprout across China
Real estate developments that combine an element of preservation are becoming popular in China, with some companies taking a keen interest in such projects.
Property sales at Shimao Group’s Shanghai-listed unit sink 62 per cent in February
Shanghai Shimao’s slump in contracted sales piles further pressure on parent Shimao Group Holdings, which faces US$3.2 billion of debt repayments this year.
Ukraine, property woes drive China high-yield spreads to November highs
Chinese high-yield dollar debt spreads have hit their widest since the peak of property developer China Evergrande Group’s liquidity crisis last November, as the Russia-Ukraine conflict prompts a …
China omits property tax from 2022 legislative agenda
China omitted a potential property tax in its 2022 legislative plan announced on Tuesday for the third consecutive year, suggesting authorities are treading carefully to avoid further damaging …
China Evergrande’s real estate crisis creates roadblock for its EV business
The developer, that is now under a crushing debt load, had intended for electric vehicles to become a medium- to long-term revenue source.
China property shares firm after friendly policy tone
Shares of Chinese property companies outperformed the broader market on Monday after Premier Li Keqiang confirmed expectations that more easing in the sector is coming, though only city-specific and …
‘Two sessions’ 2022: the embattled Chinese property moguls likely to be feeling the heat over debts
Six of the 13 property chairmen attending the meetings will be representing developers that have either officially defaulted or asked creditors for more time They are expected to talk to the central …
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