China’s outstanding property loans by the end of June rose 13.1% from a year earlier to 47.40 trillion yuan ($6.79 trillion), the People’s Bank of China (PBOC) said on Friday. ( read original story …)
Tagged By property
Chinese Property Giant Vanke Takes Stake in Ailing Rival Tahoe
A unit of one of China’s largest property companies agreed to buy 19.9% of Tahoe, offering hope to many households that have made big outlays on unfinished apartments. ( read original story …)
Hong Kongers are rushing to snap up luxury property in London after China imposed its draconian national-security law
Two of London’s leading luxury estate agents told Business Insider they have seen marked demand for second homes since the law was passed on June 29. ( read original story …)
Chinese property managers replenish cash, eye M&A targets as coronavirus spurs industry consolidation
The wobble in China’s economy is fuelling expectations that a shakeout will present opportunities for acquisitions and takeovers for some of the nation’s biggest property management companies, an … ( read original story …)
A Hong Kong real-estate tycoon wants to build a new city in Ireland for 50,000 emigrants fleeing China’s crackdown
Nextpolis would house 50,000 emigrants from Hong Kong on a 31.07 square mile site located between Dublin and Belfast. ( read original story …)
China property/Evergrande: disconsulate
Relations between the US and China are dire, soured by spying allegations and arrests. It is appropriate that office closures point to the latest sector hurt by the tensions: commercial real estate. ( read original…
China will not use property market as short-term stimulus: vice premier
China’s Vice Premier Han Zheng said on Friday that the government will not use the property market as a form of short-term stimulus to prop up the economy, state radio reported. ( read original story…
Real Estate Billionaire Hui Ka Yan Repeats Atop New Forbes China Philanthropy List
Real estate billionaire Hui Ka Yan has topped the 2020 Forbes China Philanthropy List with cash giving equal to nearly $430 million, according to an annual tally published by Forbes China on Thursday. ( read…
US ratchets up China tensions, closing Houston consulate to protect ‘intellectual property’
China strongly condemned the move, the latest in a series of steps by the Trump administration as it ratchets up pressure on the world’s second-largest economy. ( read original story …)
US orders China to close consulate in Houston to protect ‘intellectual property’
China strongly condemned the move, the latest in a series of steps by the Trump administration as it ratchets up pressure on the world’s second-largest economy. ( read original story …)
In China’s Surging Property Market, Falling Rents Point to Economic Pain
Rents in China’s big cities have been falling in recent weeks, a sign of economic uncertainty in China’s otherwise gravity-defying residential property market. ( read original story …)
China’s commercial real estate developers see growth in 3 key areas of a post-coronavirus economy
When it comes to betting on a post-coronavirus China, some of the country’s largest property developers are concentrating on a few industry and demographic trends they expect will grow in the longer … ( read…
Hong Kong’s Property Market Sees Limited Impact From China Security Law
Early signs of any impact on the property market from Hong Kong’s new security law have been muted with sales and home-price data barely flinching. ( read original story …)
