The mainland’s property crisis hasn’t deterred Robert Wong. The chief of the 133-year-old business says now is the time to be brave.
Tagged By property
China property crisis: Logan Group drafts plan to restructure US$6 billion of offshore debt
Under Logan’s draft proposal, the firm’s public notes will be fully paid in 6.75 years and privately placed bonds in five years.
China property crisis: plunging profits leave developers struggling to generate enough cash to service their loans
Total cash on hand shrank by 13.8 per cent among 32 developers tracked by UOB, hurting their ability to service their debt Without supportive policy changes or a sudden shift in confidence in the …
Is China heading for stagnation as property slump goes Japan’s way in a deja vu crisis
China’s real estate assets are facing the risk of a protracted pricing decline, if Japan’s experience in dealing with its own property bubble is anything to go by, analysts said.
China’s 2022 property sector outlook worsens, home prices seen falling
Woes in China’s residential property market are expected to deepen this year as homebuyers remain cautious, with economists now expecting home prices to fall in 2022 and betting on a faster drop in …
Moody’s – China’s property sales will continue to fall on weak demand
CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS …
As China’s property crisis grows, can nationalisation help rebalance its economy?
Crisis has raised concerns about the health of banks, local governments’ fiscal viability, and impact of falling property prices on consumption and economic growth.
China property market sliding into deep depression
Anemic demand, lowered expectations and declining property values, have contributed to the struggling market, the Guangdong-based company told the outlet. “All these exert mounting pressure on all …
Profits of China’s biggest property developer Country Garden Holdings profits dive by 15 billion yuan
China’s biggest property developer Country Garden Holdings reported a whopping loss of almost 14 billion yuan ($A2.7 billion) and has warned “only the fittest will survive” the country’s crisis …
Worst China Property Earnings Since 2008 Signal More Stock Angst
China’s property developers posted their worst first-half earnings in over a decade, an outcome that will likely pressure stocks further even as the government boosts efforts to stabilize the sector.
China’s Property Sales Extend Slump Amid Vicious Cycle
China’s beleaguered real estate market continued to slump in August, as government attempts to stabilize the sector failed to boost consumer confidence and demand. Last month, sales of new properties …
Iron ore wobbles as China’s COVID, property woes weigh
Dalian iron ore surrendered its gains from an earlier rebound on Thursday, pressured by worries over fresh COVID-19 restrictions and property sector troubles in China squeezing demand for ferrous …
China’s economic outlook dulled by fresh property, COVID woes
Nearly 70 Chinese cities reported declines in new home prices in August, the most since the start of the COVID-19 pandemic, according to the China Index Academy on Thursday, one of China’s largest …
