Beijing has eased mortgage rules and urged local governments to buy unsold houses in some of policymakers’ boldest moves yet to revive the property sector.
PROPERTY
China induces new measures to fix property crisis, after data shows house prices down nearly 10% this year
Among other things, the central bank said it would reduce the minimum down payment for mortgages and remove the floor on interest rates for first and
China Needs to Make Property ‘Desirable’ Again, BofA Says
BofA Securities strategist Winnie Wu says Beijing needs to make the country’s property sector “desirable again” since people “will not buy a depreciating asset.” She says improving confidence in the …
China’s factories fire up but consumer, property weakness persists
China’s factory output topped forecasts in April, helped by improving external demand, although retail sales unexpectedly slowed and the property sector remained a drag on the economy, piling pressure …
China has teased how it might fix its property crisis. Markets are loving it
Chinese stocks surged on Thursday after officials in a major city announced plans to buy unsold homes in what some analysts believe could be a trial run for a much bigger solution to the country’s…
China’s Junk Dollar-Bond Prices Rise to Highest Since 2021
China’s junk dollar bonds are rallying to their highest level in three years amid government efforts to shore up the bruised property sector.
China to Discuss Property Aid With Banks, Regulators on Friday
China’s government plans to hold a meeting with key officials on Friday morning to discuss the property market, including a proposal to clear excess housing inventory, according to people with knowledge of the matter.
China Property Stocks Gauge Jumps on Proposal for Home Purchases
The shares of Chinese developers jumped on optimism that Beijing will provide policy support for the purchase of unsold homes from distressed builders.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops…
China eyes plan to buy millions of empty homes amid property crisis
China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to…
Analysis-China’s property ‘whitelist’ lifeline stutters amid sector gloom
When China’s local governments began compiling a “whitelist” of housing projects for loans earlier this year, troubled developers hoped it would open a spigot of credit for a sector that remains a …
China’s property ‘whitelist’ lifeline stutters amid sector gloom
When China’s local governments began compiling a “whitelist” of housing projects for loans earlier this year, troubled developers hoped it would open a spigot of credit for a sector that remains a …
China’s real-estate market enters a new phase as cities end bitter war against property speculators
Chinese cities are rushing to dismantle a long-standing housing policy regime designed to keep speculators at bay, a remarkable U-turn that is just the beginning of a new chapter in the nation’s real …
‘I feel like I’ve been tricked’: Some property buyers in China’s Tianjin have been waiting 8 years for their homes
A group of around 1,500 homebuyers have yet to see the apartments they paid for about eight years ago, as challenges persist in China’s property sector.
