August from a year earlier, official data showed on Tuesday, accelerating from the 3.4% growth seen in the first seven months of the year. ( read original story …)
Tagged By property
China’s Demand for Condo Butler Service Sparks 390% Stock Gain
Surging demand for butler-like concierge service at the millions of condominiums in China is creating one of the hottest sectors in the nation’s stock market. ( read original story …)
Eastern Chinese city to tighten property market curbs
The eastern Chinese city of Changzhou will impose tighter restrictions on property transactions in a bid to defuse speculation in a market quickly recovering from the coronavirus crisis, the official … ( read original story…
Beware Chinese Property Firms in Tech’s Clothing
Investors are willing to pay a premium for KE Holdings, trying to disrupt the world’s largest housing market, but the fast-rising valuation of the Chinese real-estate platform could limit its further … ( read original…
UPDATE 1-Chinese property firms weigh cutting home prices after Evergrande’s deep discounts
Country Garden, China’s top property developer, and smaller real estate firms are weighing bigger discounts on homes after Evergrande announced its steepest ever discount, analysts and a source said. ( read original story …)
Chinese property firms weigh cutting home prices after Evergrande’s deep discounts
Country Garden, China’s top property developer, and smaller real estate firms are weighing offering bigger discounts on home buys after rival Evergrande unveiled its steepest ever discount this week, … ( read original story …)
US government sells Hong Kong mansions without disclosing winning buyer or price amid fraying China ties
The US government has sold one of its biggest properties in the city under a shroud of secrecy amid worsening tensions between Beijing and Washington. ( read original story …)
China Evergrande Offers 30% Discount to Boost Property Sales
China Evergrande Group kicked off a nationwide sales promotion with a 30% discount on all real estate properties as the developer tries to boost sales and meet its target of cutting debt by half. (…
Hangzhou, home to China’s new billionaires, gets a dose of property-cooling measures as peak demand looms
The city of many tech billionaires gets a dose of market-cooling measures after similar efforts in Shenzhen and Nantong near Shanghai. ( read original story …)
China Can’t Afford to Let Property Crash
As China’s economy picks up after the pandemic, the last thing you might expect is a renewed credit squeeze in the real estate industry. So the imposition of leverage thresholds for developers has … ( read…
China Developers Face Harsh Liquidity Test as Curbs Loom
Already, China’s regulator of the vast interbank market took a step to curb the amount developers can raise, people familiar have said. It’s bad timing for developers. Real estate firms … ( read original story…
What the arrest of Texas A&M professor says about China and the need to protect intellectual property
The arrest last week of a Texas A&M University professor on charges of conspiracy, making false statements and wire fraud illustrates the … ( read original story …)
The Delicate Task of Dealing With China’s Most Debt-Burdened Property Giants
Reducing leverage may be good for some Chinese property developers, but cash-starved local governments are desperately dependent on their land purchases. ( read original story …)
