Many Chinese people, having left the tropical Southeast Asian nation amid the pandemic, are opting to cut their losses and sell their Malaysian homes remotely, at a steep loss. ( read original story …)
PROPERTY
Chinese Real Estate Billionaire Scrambles To Raise Cash As Debts Reach $123 Billion
Hui Ka Yan is finally taking steps to reduce the massive debt pile at his property developer China Evergrande Group, but the costs of doing so are piling up rapidly. ( read original story …)
Justice Department slams China in hacking scheme for ‘stealing intellectual property, stifling freedom’
Five members of an alleged Chinese hacking group have been indicted for their role in a scheme to hack into more than 100 companies in the U.S., the Justice Department announced. ( read original story…
China’s home foreclosures soar as nation’s debt-fuelled property bull run sputters on falling income and dim job prospects
Nowhere is the problem more serious than in Guangzhou, where 33,000 foreclosures were reported in a city whose economy shrank 2.7 per cent last year, more than the national average of 1.6 per cent. (…
China’s Jan-Aug property investment rises 4.6% y/y
August from a year earlier, official data showed on Tuesday, accelerating from the 3.4% growth seen in the first seven months of the year. ( read original story …)
China’s Demand for Condo Butler Service Sparks 390% Stock Gain
Surging demand for butler-like concierge service at the millions of condominiums in China is creating one of the hottest sectors in the nation’s stock market. ( read original story …)
Eastern Chinese city to tighten property market curbs
The eastern Chinese city of Changzhou will impose tighter restrictions on property transactions in a bid to defuse speculation in a market quickly recovering from the coronavirus crisis, the official … ( read original story…
Beware Chinese Property Firms in Tech’s Clothing
Investors are willing to pay a premium for KE Holdings, trying to disrupt the world’s largest housing market, but the fast-rising valuation of the Chinese real-estate platform could limit its further … ( read original…
UPDATE 1-Chinese property firms weigh cutting home prices after Evergrande’s deep discounts
Country Garden, China’s top property developer, and smaller real estate firms are weighing bigger discounts on homes after Evergrande announced its steepest ever discount, analysts and a source said. ( read original story …)
Chinese property firms weigh cutting home prices after Evergrande’s deep discounts
Country Garden, China’s top property developer, and smaller real estate firms are weighing offering bigger discounts on home buys after rival Evergrande unveiled its steepest ever discount this week, … ( read original story …)
US government sells Hong Kong mansions without disclosing winning buyer or price amid fraying China ties
The US government has sold one of its biggest properties in the city under a shroud of secrecy amid worsening tensions between Beijing and Washington. ( read original story …)
China Evergrande Offers 30% Discount to Boost Property Sales
China Evergrande Group kicked off a nationwide sales promotion with a 30% discount on all real estate properties as the developer tries to boost sales and meet its target of cutting debt by half. (…
Hangzhou, home to China’s new billionaires, gets a dose of property-cooling measures as peak demand looms
The city of many tech billionaires gets a dose of market-cooling measures after similar efforts in Shenzhen and Nantong near Shanghai. ( read original story …)
