A unit of China Evergrande Group, the most indebted property developer in mainland China, has agreed to sell its stake in a project in Shantou, southern Guangdong province, continuing to pare down …
Tagged By property
New rules boost China property shares but could miss the mark, analysts say
Chinese property shares rose on Thursday, strengthened by the latest relaxation in credit measures to support the embattled real estate industry, but few market participants expected them to overcome …
China cuts bank reserve requirements and will boost property lending to support its slowing economy
China’s central bank said Wednesday it will cut amount of reserves it holds for banks as part of a slew of measures to support the slowing economy.The announcement by the governor of the People’s Bank…
China To Cut Amount Banks Hold In Reserve, To Boost Lending: Official
China on Wednesday said it would next month cut the amount banks must hold in reserve in order to boost lending, state media reported.
China’s property developers are using bizarre marketing tactics: Report
There is no denying now that China’s economy, the world’s second largest, is in deep crisis. China’s economy grew 5.2% in 2023, slightly above the official target, but the recovery was far shakier …
Desperate Chinese Property Developers Resort to Bizarre Marketing Tactics
China’s real-estate crisis has dragged down the economy, caused massive layoffs and pushed multibillion-dollar companies to the point of collapse. Economists think it’s about to get worse. Sales of …
China property: Country Garden auctioning US$530 million worth of assets in Guangzhou to overcome cash crunch, defaults
The Foshan-based developer has listed five properties for sale in Guangdong’s provincial capital as it seeks to raise cash to repay debt due in the next six months.
China shames struggling transport bureau over fake traffic ticket scam
Some of the alleged traffic incidents were so minor as not to warrant any punishment, the council said. 04:49 Anger mounts as China’s property debt crisis leaves flats unfinished Anger mounts as China …
China’s Real Estate Meltdown Deepens: Massive Tax Evasion Claims Send Shockwaves
China’s property crisis, already deepened by the continuous bankruptcy of major developers, is expected to face another severe blow. The real estate market is likely to freeze further as it has been …
China’s residential foreclosures increase 43% in 2023
The number of foreclosed homes in China rose 43% year-on-year in 2023, according to a private survey on Monday, highlighting a worrying trend of rising mortgage delinquencies amid a sustained property …
China’s Property Market May Keep Struggling Despite Stimulus
It’s becoming clearer that China’s stimulus policies for its beleaguered property sector aren’t enough to lift its fortunes early this year, with disappointing monthly sales data the latest sign that a recovery is some time…
China Property Slump: New Home Prices Fall At Fastest Pace In Nine Years
Stresses in China’s property market were underlined by data on Wednesday that showed new home prices in December endured their steepest monthly decline since February 2015. Prices of new homes measured across 70 large and…
Shocking Reality of China’s Real Estate: Is it Headed for a Meltdown?
AsiaToday Hong Soon-do, Beijing Correspondent = China’s real estate industry crisis is finally becoming a reality and is expected to be a major factor in deteriorating growth rates. In the worst case scenario,