Like many coal rich regions in China’s arid northwest, a vast amount of mineral wealth has been re-invested into the local economy in the form of speculative real estate ventures, creating hundreds of …
PROPERTY
China’s Hainan Cuts Down Payment for First-Home Buyers
China’s southern province of Hainan moved to cut down-payment ratio for first-time homebuyers, the latest region in the country to ease mortgage policies to boost slumping home sales.Minimum down …
Royal China site to finally get cleanup
SEBRING − The former Royal China property is one of nearly 3,240 brownfields registered across Ohio. It has remained an eyesore for decades. Later this month, the Mahoning …
One of the World’s Most Expensive Luxury Property Markets Is Becoming a Lot Cheaper
China’s economic slowdown is wreaking havoc on Hong Kong’s luxury property market.The most expensive homes in the city are changing hands at steep discounts to what they were worth just a few years …
China state banks earmark over $11 billion for property projects
The banks are heeding Beijing’s call to boost lending to the beleaguered housing market. Read more at straitstimes.com.
A broke Chinese real estate developer left Los Angeles with empty, graffiti-covered towers and a billion-dollar bill
The Los Angeles City Council has agreed to spend millions to secure Oceanwide Plaza, an abandoned real estate project taken over by graffiti artists.
Los Angeles finally tackles $1.5 billion eyesore ‘graffiti towers’ left vacant by China real-estate bust, beloved by daredevil influencers
Locally dubbed the “graffiti towers,” they are a project of China Oceanwide Holdings, a real-estate developer that is being wound up (i.e., liquidated) in Hong Kong, according to a January filing with …
Real estate market set to get policy boost
Guo Xinyu, an analyst at China Index Academy, said: “In addition, a slew of fine-tuned home purchasing policies from different provinces and cities are expected to boost market activity after the …
China property woes leave Los Angeles with a billion dollar tower of graffiti
Essential digital access to quality FT journalism on any device. All discounts based on monthly full price over contract term. Cancel subscription renewal anytime. SAVE 40% ON YEAR 1 ¥69,600 ¥41,749 …
China steps up ‘whitelist’ mechanism for property sector – media
Five state-owned Chinese banks have been matched with more than 8,200 residential projects for development loans under the “whitelist” mechanism aimed at injecting liquidity into the crisis-hit sector …
China Revives Socialist Ideas to Fix Its Real-Estate Crisis
Xi Jinping aims to put the state back in charge of the crumbling property market, part of a push to rein in the private sector.
China’s Property Crisis Is Causing Pain for Many. ‘All We Can Do Is Wait.’
China’s now four-year real-estate crisis continues to rile investors who haven’t been paid, and buyers whose homes were never completely finished.
China’s Real Estate Nightmare Isn’t Over Yet, Professor Warns
China’s recovery from its property sector crisis depends largely on Xi Jinping’s willingness to shoulder some of the responsibility, one analyst says.
