Unsold housing stock in China’s 100 biggest cities rose to the highest in five years in November, according to a private sector survey, as weak demand in smaller centres added to headaches for the …
PROPERTY
China property giant defaults on debt, ‘symptomatic of country’s debt buildup’
Africa Melane discusses China’s building boom and ghost cities with John Loos, Property Economist at FNB. A sense of disbelief greeted the news that Chinese property giant Evergrande had defaulted on …
China’s Kaisa kicks off $12-bln debt restructuring after missing pay date -source
Chinese property developer Kaisa Group Holdings Ltd has started work on restructuring its offshore debt worth $12 billion, a source with direct knowledge of the matter said on Thursday, after missing …
Fresh jitters in China’s property sector after Kaisa shares suspended
Suspension comes amid concerns Kaisa, China’s largest holder of offshore debt after Evergrande, is unlikely to meet a $400m repayment deadline …
Evergrande: China property developer debt default fears grow
Concerns are growing over potential multi-million dollar debt defaults by two of China’s biggest property companies. Investors are waiting for news about tens of millions of dollars of overdue …
China property developer debt default fears grow
Concerns are growing over potential multi-million dollar debt defaults by two of China’s biggest property companies.Investors are waiting for news about tens of millions of dollars of overdue interest …
Kaisa Group share suspension furthers China property sector fears
Kaisa, China’s 27th-largest real estate firm in terms of sales but one of its most indebted, became the latest company to spook investors when it anno..
Trading halt for China developer Kaisa stokes fresh jitters in property sector
Suspension comes amid concerns Kaisa, China’s largest holder of offshore debt after Evergrande, is unlikely to meet a $400m repayment deadline …
Experts welcome China’s property tax reform plan
A top-level decision to authorise the State Council, China’s Cabinet, to pilot property tax reforms in several regions will finally end long-standing speculation about the levy, according to experts.
China’s government is trying to bring some confidence back to the property market, says HSBC
The bank’s Herald van der Linde says some of the larger Chinese property companies that have been dragged down by the crisis “will get through this” and “will be around in two years’ time.” …
Kaisa share suspension furthers China property sector fears
Chinese property firm Kaisa suspended share trading in Hong Kong on Wednesday as questions swirl over its ability to make repayments and contagion spreads …
China’s property crisis worsens as Evergrande, Kaisa default on payments
Non-payment by Kaisa would push the 6.5% bond of Kaisa, China’s largest holder of offshore debt among developers after Evergrande, into technical default, triggering cross defaults on its offshore …
China shifts toward easing with property downturn hitting growth
BEIJING: China’s policymakers moved to expand support for the nation’s economy as a property market downturn threatens to hamper growth into next year.
