Bloomberg has learned that China plans to provide at least 1 trillion yuan ($137 billion) of low-cost financing to the nation’s housing program. This would mark a major step-up in Beijing’s effort to boost economic…
PROPERTY
China retail sales, factory output grow more than expected in October
Chinese shoppers are spending more again, new data from China’s National Bureau of Statistics (NBS) shows, but it won’t necessarily mean a big boost for the economy.
China’s Jan-Oct property sales fell 7.8% y/y, investment down 9.3%
Property sales by floor area in China fell 7.8% year-on-year in January-October, compared with a 7.5% slide in the first nine months of 2023, suggesting China’s property sector is yet to emerge from …
Vanke Bonds Volatility Underscores China Property Debt Contagion
China Vanke Co.’s recent scramble encapsulates Chinese property debt investors’ fickle sentiment as they try to decode hazy government reassurances amid the industry’s freefall.
China’s new real estate model to be built on ‘3 major projects’, with cheaper property for urban migrants and young adults
Authorities intend to renovate urban villages and create more emergency facilities as ‘high-quality development’ is prioritised Reworked model comes as major property developers continue to face a …
CHINA OVERSEAS’ Oct Contracted Property Sales Fall ~20% YoY
CHINA OVERSEAS (00688.HK) announced that, for October, the contracted property sales of China Overseas Series of companies amounted to approx. RMB25.056 billion, with a YoY decreas… CHINA OVERSEAS …
China’s property sector heading for high-quality development: Minister
China will firmly implement policy pledges of the property market to meet the housing demands of the people and promote high-quality development of the sector, said Ni Hong, minister of Housing and …
Overall sales of China’s real estate industry in first 10 months see positive growth as supportive measures kick in: official
The positive growth of overall sales of China’s real estate industry in the first ten months shows the active effects of the supportive policies, according to a Chinese official, Xinhua News reported …
China’s Property Risks ‘Manageable,’ PBOC Governor Says
China’s property sector risks are under control, central bank Governor Pan Gongsheng said, amid heightened concern over the financial health of another major developer in the troubled industry.
China’s Under-Developed CDS Market Worsens Real Estate Pain
After a major default, investor attention usually turns to the potential payout from credit default swaps, a type of security that acts as insurance against bankruptcy. But when one of China’s biggest property developers missed…
Long before rescue talks, China’s property giant Country Garden struggled to build homes, pay bills
BEIJING: When China’s largest developer Country Garden first skipped debt payments in August, its shares tumbled 14 per cent, marking a reversal of fortunes: from industry poster child to another troubled property company struggling to…
Are We There Yet? China’s Property Correction
After more than a decade of overbuilding and overborrowing, the moment of reckoning is here for China’s real estate market. Sales are down, prices are down, construction is down, developers are defaulting,
Factbox-China property rescue? Who are Ping An Insurance Group and Country Garden?
Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation’s biggest private property developer, Reuters reported on Wednesday, citing …
ADVERTISEMENT
