Earlier this month, Beijing officials were preparing to auction a plot of land worth at least $1 billion, a potential windfall for the local government. The sale attracted interest from three real …
Tagged By property
China Sours on Tool That Helped Property Firms Overhaul Debt
China is casting doubt on one of the key mechanisms that helped keep several major property developers including Country Garden Holdings Co. out of liquidation.
China sours on tool that helped real estate firms overhaul debt
China is casting doubt on one of the key mechanisms that helped keep several major property developers including Country Garden Holdings Co out of liquidation.
China Property Moves to Fuel 30% Hit to Land Sales, Goldman Says
China’s recent overhaul of the way homes are sold will exacerbate already stretched local government finances, fueling a 30% drop in land sale revenues, Goldman Sachs Group Inc. economists said.
Goldman Sachs warns China’s housing overhaul will slash land sale revenues by 30%
Goldman Sachs warns China’s new completed-homes mandate will drive a 30% drop in land sale revenues, deepening local government fiscal strain.
Why China won’t ban housing presales outright
Late August marked something of a watershed moment for China’s embattled property sector, now in its sixth year of decline. It began with Chinese courts kicking off proceedings to liquidate the …
China’s property stocks fall as new rules upend presale funding playbook
SHANGHAI/HONG KONG, Aug 31 (Reuters) – Chinese property developer shares fell on Monday after regulatory changes aimed at restructuring the system of selling new homes before completion prompted …
Analysis: China’s Property Overhaul Targets Shadow Banking, Local Debt Risks
Regulators tighten curbs on real estate trusts and roll out a dedicated loan category for city upgrades to prevent hidden government debt …
China’s largest five banks report strongest first-half profit since height of property crash
By Ziyi Tang and Selena Li BEIJING/HONG KONG, Aug 28 (Reuters) – China’s five largest banks have reported profit growth of between 3% and 5% in the first half, as falling deposit costs eased pressure…
China moves to stabilise property sector with ‘stronger-than-expected’ policy package
The measures aim to shift China’s vast property sector away from a presales model, as Beijing strives to stabilise market downturn.
China home prices seen falling slightly less this year, property investment slump deepens: Reuters poll
(Corrects to Q3 global Reuters housing poll from Q2 in the last paragraph) By Liangping Gao and Ryan Woo BEIJING, Aug 28 (Reuters) – China’s home prices were expected to fall slightly less this year…
China’s property crisis grinds on after Evergrande sentencing
The one-time billionaire who came to personify the boom and bust of China’s property market was sentenced to life in prison last week by a Chinese court.
China’s property crisis deepens after Evergrande founder sentenced to life in prison
Evergrande founder Hui Ka Yan sentenced to life in prison with $1.3B in fines as 56 individuals face charges, deepening China’s property crisis.
