Beijing’s planned takeover of Chinese residential real estate might cloak the nation’s property crisis, but it will surely kill China’s fundamental economic momentum.
PROPERTY
China property sales fall in February, expectations grow purchase restrictions could be eased
Property sales in mainland China declined for the tenth straight month in February, as lower demand during the Spring Festival holidays weighed and expectations are the beleaguered sector’s woes will …
Hong Kong property curbs scrapped, Taylor Swift deal questioned, China’s durian king: SCMP’s 7 highlights of the week
From property curbs in Hong Kong being scrapped to the intensifying durian market in China, here are a few highlights from SCMP’s recent reporting.
China’s Housing Market Slump Is Set To Deepen
The turmoil comes amid a prolonged property slump in China, with a Hong Kong court receiving a creditor’s petition for the liquidation of the company. The petition, initiated by Ever Credit Ltd., …
Country Garden liquidation petition adds to China’s property woes
China’s largest private property developer Country Garden Holdings said on Wednesday it was facing a liquidation petition for not repaying a term loan facility worth HK$1.6 billion ($204.5 million).
China real estate crisis: Banks to lend $18bn for ‘white list’ projects
SHANGHAI — China’s biggest commercial banks are prepared to extend over 130 billion yuan ($18 billion) of financing for real estate projects, new disclosures show, in response to the government’s …
China’s real estate, equities trading to get a major boost from policy easing
With substantive monetary policy easing, market confidence and investor morale have been revitalized and are now on the upswing, as property dealers said that they have received rising visits by …
China property crisis deepens as Moody’s withdraws credit ratings
China’s property crisis deepened as Moody’s withdrew a flurry of credit ratings from key companies. The credit ratings agency issued sudden removals for 11 Chinese businesses today in a blow to …
China’s Property Foreclosures Surge as Growth Slows
China’s economic downturn has resulted in a growing number of debt-saddled property owners who are forced to sell, especially as real estate loans account for a large majority of the country’s …
Alibaba Cofounder Jack Ma’s Wife Bought $37 Million Worth Of Property In Singapore, Report Says
Z hang Ying, the wife of Chinese billionaire Jack Ma, bought three properties in Singapore for a total of up to S$50 million ($37 million), according to a report by local business newspaper the …
China’s Property Crisis: Inside a Ghost Town of Abandoned Mansions
China’s property crisis is expected to worsen as new home sales plummet and indebted developers struggle to find funds to complete projects. WSJ’s Jonathan Cheng traveled to an abandoned “ghost town” …
China’s Metal Demand Takes a Different Shape
The realization that China’s property bust is beginning to look semi-permanent isn’t welcome for big miners, which have long fed off the country’s housing demand. But although China is starting far …
China cuts mortgage rates by record amount to help struggling property sector
China made its biggest ever cut to mortgage rates on Tuesday, as the authorities try to support the struggling property sector, though the response from stock markets was muted.
