Hangzhou, capital of the eastern Zhejiang province and home to Alibaba and other tech companies, ranked first in this year’s rankings.
PROPERTY
China Property Slump Spurs Local Governments’ Quest for Cash
China’s property crisis has hit local governments hard, drying up a key source of income as land sales crumble. Fiscal reform plans have sparked hope relief is on the way, but economists see little …
China property sector still struggling
Prices of new homes in China rose at slower pace in August, a private survey showed on Sunday, as the crisis-hit property sector struggles to find its bottom after a slew of supportive policies.
Iron ore and steel demand to be tested further as China’s property downturn accelerates
China’s residential slump deepened in August, as expectations of a further drop in new-home prices hampered the country’s efforts to cushion the downturn.
China Market Update: Hong Kong Gains, Mortgage Refinancing Powers Real Estate, Week In Review
Asian equities were mixed but mostly higher this week as Hong Kong outperformed and South Korea underperformed. Shares in E-Commerce giant PDD were volatile this week as the compa …
Evolving housing needs unlock fresh prospects for China’s property revival
In its latest move to address the challenge, China is piloting a housing pension system in 22 cities including Shanghai, which aims to better facilitate existing housing upgrade and enhance people’s …
Shimao’s losses spike 90% as embattled developer is gripped by China’s property downturn
Shanghai-based developer posted a loss of 22.7 billion yuan (US$3.2 billion) for the six months to June, compared with 12 billion yuan a year earlier. The company also replaced its outgoing chairman …
China Resources Land posts record decline in its interim profit amid housing market torpor
China’s property sector has been beset by woes since 2020, when Beijing introduced the “three red lines” policy to restrict developers’ borrowing binge.
China exploring reforms in housing sales system to revitalize property sector
BEIJING – China is pursuing reforms in its housing sales system with a shift from the traditional pre-sales practice — homes being sold before construction is complete — as part of a broader effort …
BHP CEO expects a turnaround in China’s property sector in year ahead
BHP’s CEO Mike Henry said he expects China’s property sector to rebound in the upcoming year on the back of favorable government policies. While acknowledging that the country’s property sector is a …
China property: Shanghai’s luxury homes sell out as developers target the super-rich
The luxury property market in China remains strong, with high-end homes selling out quickly in major cities like Shanghai and Shenzhen.
China’s Property Rescue Plan Isn’t Working
“It doesn’t feel like there’s been any real improvement in the real estate sector in China,” Lubin said. “In June, the total 70-city average indicator of property prices declined by 7.9 percent …
China’s budget spending shrinks as land sales plummet
The property fallout on public finances is becoming increasingly evident on the balance sheets of indebted local governments.
