Almost exactly a year after China’s property-market debt squeeze sparked the first in a wave of defaults by developers, the industry is fighting for survival. Almost exactly a year after China’s …
Tagged By property
Crisis in China’s Property Industry Deepens With No End in Sight
Almost exactly a year after China’s property-market debt squeeze sparked the first in a wave of defaults by developers, the industry is fighting for survival. Home sales continue to plunge and …
Don’t see China property crash, Standard Chartered CEO says
Standard Chartered CEO Bill Winters discusses the British bank’s dividend and share buyback, outlook for the Chinese property sector, and recent share price performance on Squawk Box.
Mansion Global’s daily round-up of the latest luxury real estate news from around the world
The National China’s Hottest Market Has Caught a Bit of a Chill Shenzhen, China’s Silicon Valley and perennial favorite for hottest real estate market in the nation, is feeling a bit frosty these days …
Evergrande crisis: auditor resignations trigger alarm bells amid hidden debt at Chinese property developers
while Deloitte departed from China Aoyuan Chinese companies are due to report their December year-end results in April, and changes may cause delays A spate of auditor resignations at Chinese property …
China’s Property Woes Engulf London with Stalled Projects, Sales
In London’s Royal Albert Dock, almost two dozen buildings conceived of as a new Chinese Canary Wharf stand mostly empty and in the hands of lenders who have finally pulled the plug. About 10 miles…
China Banks Boost Lending to Property Sector: Evergrande Update
Chinese banks continued to boost lending to the property sector in January, extending about 600 billion yuan ($94 billion) of loans, double the monthly average from the fourth quarter, China …
Vanke says golden age of China’s property sector is over as bellwether developer girds up for hard times ahead
Chairman Yu Liang urges employees to lend a helping hand to ensure its survival amid an industry slump and cash crunch Vanke reported a 50 per cent year on year slide in contracted property sales…
Rapid Plunge in Developer’s Bonds Shows Transparency Risk in Chinese Property
Transparency worries are resurfacing in China’s real estate sector as investors try to avoid nasty surprises. Concern about hidden debt and a spate of auditor resignations has already prompted a …
China stocks close lower as property, financial firms drop
SHANGHAI — China stocks closed lower on Monday, dragged down by property and financial firms, after the central bank said it would not use real estate as a short-term method to stimulate the economy.
China Property Developers Shares up on Reports They May Have More Access to Funds
Regulatory curbs on borrowing have driven China’s property sector into a liquidity crisis, highlighted by Evergrande, the world’s most indebted property firm. The contagion has engulfed other …
Debt fears swirl around another developer as China property woes deepen
The company ranked 20th among Chinese developers by contracted sales last year, according to data compiled by China Real Estate Information Corp. As recently as December, Logan’s dollar bonds traded …
China Gives Property Firms Easier Access to Escrow Funds -Report
HONG KONG (Reuters) – China has moved to give real estate firms easier access to presale proceeds from residential projects, local media outlet Cailianshe said on Thursday, as authorities seek to …