Year-on-year growth towards the end of the year was much slower than the breakneck pace seen at the start of 2021 and forecasters fear a property sector downturn and strict approach to coronavirus …
Tagged By property
China’s 2021 property investment rises 4.4% y/y
BEIJING: China’s property investment rose 4.4% in 2021 from a year earlier, slowing from a 6.0% gain seen in the first 11 months of the year, official data showed on Monday. Property sales by floor…
China’s Home Market Slump Persists on All Fronts, Hurting Growth
China’s property market slump persisted in December, contributing to an economic slowdown that spurred policy makers to cut a key interest rate.
Property crisis hits China’s largest builder Country Garden
Country Garden is one of the few remaining large, better-quality private developers that had been largely unscathed by the liquidity crunch in China’s property market.
Xi Reshapes China Property Market Paving Way for State Dominance
For any government, overhauling a nationwide residential real estate market would be risky under the best of circumstances. Chinese President Xi Jinping is attempting it at a time when the economy is …
China Stocks Drop to Five-Month Low on Property Rout, Virus Woes
China’s stock benchmark slid to its lowest in more than five months as a selloff in the nation’s property sector and concerns over a broadening omicron spread soured investor sentiment.
China’s R&F Properties Hong Kong Arm Put in ‘Selective’ Default by S&P
Chinese developer Guangzhou R&F Properties, which has a number of super-sized projects in global cities such as London, saw its Hong Kong offshoot declared in “selective default” on Thursday after it …
China Stocks Slide to Two-Month Low on Property Rout, Virus Woes
Chinese stocks dropped Thursday as a selloff in property names and concerns over a broadening omicron spread soured investor sentiment.
China Banks Curb Property Loans to Local Government Firms
Several of China’s largest banks have become more selective about funding real estate projects by local government financing vehicles, concerned that some are taking on too much risk after they …
Sunac China Skids After Share Placement Plans
By Clarence Leong Sunac China Holdings Ltd. fell sharply Thursday as it sought to raise funds via a discounted share placement amid investor concerns …
Goldman Sachs raises China property HY 2022 default rate to 19%
Goldman Sachs said on Thursday it now expected almost a fifth of lower-rated Chinese property firms to default this year, although it could be almost a third in a more severe scenario. The U.S.
China commercial paper delinquencies surge as property developers struggle
The number of Chinese companies “consistently overdue” on commercial paper payments jumped 26% in December from a month earlier as a liquidity crunch hitting Chinese property developers reduced their …
China Property Firms Face Raft of Key Payments
Stephen Engle, Bloomberg’s Chief North Asia TV Correspondent, discusses the latest on China’s property sector with Bryan Curtis and Juliette Saly on Bloomberg Daybreak Asia.
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