China Fortune Land Development Co. has defaulted on a $530 million dollar bond, becoming the nation’s first real estate firm to suffer a repayment failure since Beijing tightened controls of the … ( read original…
PROPERTY
China to fully improve property right system
China will fully improve the property right system, according to a draft outline of the 14th Five-Year Plan for national economic and social development and the long-range objectives through the year … ( read original…
‘Gray rhino’ real estate risks need to be tamed
China’s property market is the biggest “gray rhino”, a very obvious yet ignored threat, in terms of financial risks, given it is so deeply intertwined with the financial industry, and it is necessary … (…
Ron DeSantis vows to crack down on China stealing intellectual property from Florida
Gov. Ron DeSantis proposed new safeguards to crack down on China’s attempts to steal intellectual property from Florida. ( read original story …)
The U.S. is Being Forced to Secure Rare Earth Outside of China
The world is in desperate need for rare earth supply outside of China. Not only is the U.S. trying to new supply, Europe is in desperate need, too. In fact, according to the South China…
China’s Factory Activity Expands at a Slower Pace in February, Misses Expectations: Official PMI
Generally, China’s economic recovery has been gathering … careers, investing, real estate and more. The Most Important Ages for Retirement Planning: Age 50 The Most Important Ages for Retirement … ( read original story …)
Asia outbound property investments hit by pandemic
Asian outbound property investments fell 37% year-on-year to US$30 billion in 2020, hit by travel restrictions due to the coronavirus pandemic, according to CBRE Group Inc., which expects the trend to … ( read original…
Priced Out: Liquidity Is Also Causing Global Real Estate Prices To Rip
It’s not just low interest rates and low inventory, it’s global liquidity that’s pushing housing prices up everywhere. ( read original story …)
Singapore’s Richest Property Clan Posts Loss From China Deal
Singapore’s richest property dynasty’s earnings took a severe hit last year, in part due to its contentious investment in a Chinese developer that has driven a rift in the billionaire family. ( read original story…
CDL posts $1.92b second-half loss after $1.78b writedown of its Sincere Property investment
City Developments Limited (CDL) sank into the red with a net loss of $1.92 billion for its second half ended Dec 31, 2020, compared to a profit of $202.6 million a year ago.. Read more…
China powers up Portugal property industry
The credit goes to China and other Non-European countries including Brazil, Turkey and South Africa for pouring whopping investment in property business through Portugal Residence Authorization … ( read original story …)
China Builders Soar on Land Rules Seen to Favor Big Players
Shares of Chinese developers soared after at least two cities released new land sales rules that may benefit leading property players. ( read original story …)
Mainland property developers surge as major Chinese cities prepare to alter land auction system
Some 22 cities including Beijing, Shanghai and Shenzhen will limit the number of land sales this year to three times while raising supply for bidding at each auction, a positive move for developers, … (…
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