The downgrade of a major property firm has deepened investor concern about China’s debt-laden real estate sector, as defaults among onshore corporate borrowers surge to a record high. ( read original story …)
PROPERTY
Downgrades, liquidity concerns plague China’s high yield property bonds
Slowing dollar bond supply from Chinese property companies got a further blow this week after Yuzhou Group Holdings was hit with a downgrade, triggering a slump in the secondary market. With more … ( read…
China’s top developer Country Garden targets 10% sales growth in next 3 years
Country Garden, China’s biggest property developer by sales, said on Thursday it targets 10% sales growth in the next three years, and it expects its robotic business to start recording profits next … ( read…
Property developer in China accused of ‘consuming women, selling vulgarity’ for turning model’s bodies into floor plan brochures
A company in China has been halted from making further sales on a real estate development after using models as human brochures causes backlash. ( read original story …)
Xi visits rural property rights transaction center during east China inspection tour
FUZHOU, March 24 (Xinhua) — Xi Jinping, general secretary of the Communist Party of China Central Committee, visited a rural property rights transaction center in Shaxian District of Sanming City on … ( read original…
Hitachi Elevator (China) garners the 25-Year Long-term Partnership Award from Chinese real estate developer Vanke
Co., Ltd. (“Hitachi Elevator”) was honored with the 25-Year Long-term Partnership Award by leading Chinese property developer China Vanke Co., Ltd. (“Vanke”) at the 2021 Spring reception event that … ( read original story …)
Why the Chinese government’s warning on property speculation has so few listeners
What investments would you have made in 2011? For residents in Chinese cities, the answer was “buy a flat”. Apart from bitcoin and Kweichow Moutai stock, few assets have gained as much in the past…
China’s property price declines in lower-tier cities take heavy toll on middle class
Analysts say weakening property markets in smaller cities show they have fared worse economically in recent years due to a lack of new industrial development and an outflow of workers seeking jobs in … (…
Economic Watch: China seeks ways to increase people’s property income
BEIJING, March 17 (Xinhua) — With per capita disposable income growing steadily over the years, China has pledged in its development plans to increase urban and rural residents’ property income … ( read original story…
Fearing a Property Bubble, China Overhauls How It Sells Land
To tame a frothy real-estate market, China is turning to one of its root causes: the way land is sold in big cities. ( read original story …)
China tycoon who lost $32 billion tries to salvage an empire
Now the 66-year-old doesn’t even figure among China’s top 30 richest people, having lost about $32 billion of his personal fortune in less than six years — the most for any tycoon in that period.…
China’s property market abuzz as authorities walk tightrope to recall illegal loans
China’s property market was abuzz last week after a photo distributed online showed a bank letter demanding early repayment of a personal loan of nearly 300 million yuan (US$46 million). The letter, … ( read…
Singapore Property Dynasty’s China Deal Is a Cautionary Tale
When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy. Almost a year later, it has … ( read original…
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