China’s top real estate billionaires saw their fortunes slashed in 2021, with some losing their billionaire status altogether, Bloomberg reported.
PROPERTY
Singapore’s US$744 billion fund eyes Chinese property assets
GIC, Singapore’s US$744 billion sovereign wealth fund, sees potential opportunities to do deals and buy debt in China’s battered real estate sector.
Tapping into the Property Management and Service Market in Sichuan-Chongqing Region, Desun Services Debuts on the HKEX Today
On 17 Dec 2021, Desun Real Estate Investment Services Group Co., Ltd. (Desun Services) was officially listed on HKEX. According to the public information, Desun Services issued 150 million shares at a …
China Fortune Land gave $313 million to a wealth manager. Now the developer can’t find it
A Chinese property developer that was once one of the country’s largest says it has lost contact with a wealth manager that it gave $313 million. It’s just the latest blow to China’s …
Hidden Sources of Risk in China’s Property Sector
Even an orderly unwinding of the highly indebted property sector carries underappreciated risks to foreign investors.
China Property Watch – December 2021: Home Buyers in Wait-and-See Mood; Underlying Demand Remains Solid
Chinese home buyers have been taking a wait-and-see attitude amid weakening new home prices and developers’ liquidity stress, which may cause sales to remain w …
Chinese Property Tycoons Lose $46 Billion: Evergrande Update
The richest bosses behind China’s property firms have lost more than $46 billion combined this year, according to the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people that …
Xi Jinping Doesn’t Know What to Do After Popping a Real-Estate Bubble
He wants to raise living standards while limiting the ‘barbaric growth of capital.’ Good luck.
China property firm says ‘has lost touch’ with company it gave US$300m
A Chinese property company said today that it cannot get in touch with a money management firm that it gave over US$300 million (RM1.2 billion) for investment, the latest example of the country’s debt …
Chinese property stocks surge as mainland media fuels rate-cut speculation and Swiss fund warns defaults are turning into systemic risk for markets
A gauge tracking 33 Chinese developers surges by the most in a week as mainland media fans rate-cut speculation following a slump in domestic housing market Lombard Odier warns rising debt defaults …
China’s economy slows on worsening property market
BEIJING: China’s economy slowed further in November, dragged down by a worsening property market slump and disruptions from repeated Covid-19 outbreaks.
China’s 2022 steel demand set to dip on property policy, pandemic
China’s steel consumption will dip 0.7% on an annual basis in 2022, following an expected decline of 4.7% this year, as tougher policies for the real estate market and uncertainties linked to COVID-19 …
Evergrande crisis: China auditing assets of distressed property developer and chairman Hui Ka-yan, sources say
A thorough assessment of Evergrande’s assets will help the authorities to decide whether a bailout involving state-owned entities is necessary, sources said.
