China’s economic slowdown is wreaking havoc on Hong Kong’s luxury property market.The most expensive homes in the city are changing hands at steep discounts to what they were worth just a few years …
Tagged By property
China state banks earmark over $11 billion for property projects
The banks are heeding Beijing’s call to boost lending to the beleaguered housing market. Read more at straitstimes.com.
A broke Chinese real estate developer left Los Angeles with empty, graffiti-covered towers and a billion-dollar bill
The Los Angeles City Council has agreed to spend millions to secure Oceanwide Plaza, an abandoned real estate project taken over by graffiti artists.
Los Angeles finally tackles $1.5 billion eyesore ‘graffiti towers’ left vacant by China real-estate bust, beloved by daredevil influencers
Locally dubbed the “graffiti towers,” they are a project of China Oceanwide Holdings, a real-estate developer that is being wound up (i.e., liquidated) in Hong Kong, according to a January filing with …
Real estate market set to get policy boost
Guo Xinyu, an analyst at China Index Academy, said: “In addition, a slew of fine-tuned home purchasing policies from different provinces and cities are expected to boost market activity after the …
China property woes leave Los Angeles with a billion dollar tower of graffiti
Essential digital access to quality FT journalism on any device. All discounts based on monthly full price over contract term. Cancel subscription renewal anytime. SAVE 40% ON YEAR 1 ¥69,600 ¥41,749 …
China steps up ‘whitelist’ mechanism for property sector – media
Five state-owned Chinese banks have been matched with more than 8,200 residential projects for development loans under the “whitelist” mechanism aimed at injecting liquidity into the crisis-hit sector …
China Revives Socialist Ideas to Fix Its Real-Estate Crisis
Xi Jinping aims to put the state back in charge of the crumbling property market, part of a push to rein in the private sector.
China’s Property Crisis Is Causing Pain for Many. ‘All We Can Do Is Wait.’
China’s now four-year real-estate crisis continues to rile investors who haven’t been paid, and buyers whose homes were never completely finished.
China’s Real Estate Nightmare Isn’t Over Yet, Professor Warns
China’s recovery from its property sector crisis depends largely on Xi Jinping’s willingness to shoulder some of the responsibility, one analyst says.
Small-Caps Fight Back, Einhorn’s Truth, China Property Ripple, Complexity Theory
For a change, or really for the second time in three days, the majors did not lead. While the Nasdaq Composite tacked on 0.24% and the S&P 500 closed up just 0.06%, the smaller-cap indexes…
China’s Property Crisis Is Starting to Ripple Across the World
Chinese investors and their creditors are putting up “For Sale” signs on real estate holdings across the globe as the need to raise cash amid a deepening property crisis at home trumps the risks of…
There’s ‘no chance’ China’s property market rebounds to what it was, researcher says
China’s real estate sector was once 25% to 30% of the country’s GDP. And there’s no other sector large enough to fill in that gap.
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