The current crisis engulfing Evergrande is symptomatic of a much wider problem in the Chinese property market, with roots that go back decades. The impact of Evergrande’s crisis won’t just be confined …
PROPERTY
Exclusive-China’s Kaisa Plans to Sell Property Management Unit, Hong Kong Sites – Sources
… $300 billion in liabilities – is at the centre of a stifling liquidity crisis in China’s $5 trillion property sector. Wealth of Knowledge is a weekly podcast featuring tips and expert insight …
Evergrande Update: 33% of China’s property developers face a real risk of default – S&P
Analysts at S&P Global Ratings warned in a research note on Friday, amidst the ongoing China Evergrande crisis, a third of the country’s property developers could face a “real” risk of default, with …
Bottled water billionaire Zhong Shanshan has topped a China rich list, overtaking the country’s tech and real estate tycoons
Nongfu Spring’s founder and chairman Zhong Shanshan has topped the Hurun China Rich List for the first time with a $60.6 billion fortune.
How China Is Rolling Out a Property Tax on Homes, and Why
The history of private home ownership in Communist China is short, only a couple decades or so. But prices have skyrocketed so quickly that it now has some of the world’s most expensive housing …
Analyst warns investors still need to be cautious about China’s property sector
Sat Duhra from Janus Henderson Investors says there’s still too much uncertainty in China’s property space, and discusses the potential fallout in various sectors.
China’s property developers to propose debt maturity extension, restructuring to regulators
Some Chinese property developers at Tuesday’s regulatory meeting expressed intention to extend offshore bond maturities, Reuters reports, citing sources with knowledge of the matter. They also …
China property tax impact on steel to be in the long run
Beijing’s intention to introduce property tax in some pioneer cities after years of mulling, may not show any notable impact on the domestic steel demand immediately as details have remained unclear, …
Stabilising Infrastructure FAI to Mitigate China’s Weakening Property Investments
Fitch Ratings-Shanghai/Beijing-27 October 2021: China is likely to accelerate infrastructure fixed-asset investment (FAI) in 4Q21, to cushion against weaker investment by property developers, says …
China’s Xi Is Pushing a Property Tax. That Could Spell Trouble for Debt-Laden Developers.
Chinese developers that are better positioned for a property tax plan are those with strong financial resources including China Overseas Land & Investment and China Resources Land.
China’s property tax will grow sharper teeth
President Xi Jinping has thrown his weight behind an unpopular but economically beneficial real estate levy. Previous experiments in Shanghai and Chongqing disappointed, so the next round of trials …
Another Chinese Property Developer Misses Interest Payment As Debt Crisis Grows
Another Chinese Property Developer Misses Interest Payment As Debt Crisis Deepens The property market crisis in China is growing, as another property developer failed to make a payment on a bond. Mode …
China real estate troubles are sign of strength, not weakness
The real question is whether China is strong enough to let developers fail, says portfolio manager Ross Cameron …
