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.
Tagged By property
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,
China’s property market slide worsens despite government support
China’s December new home prices fell at the fastest pace since February 2015, marking the sixth straight month of declines, official data showed on Wednesday, with the sector still struggling to get back on its…
China’s retail sales to weaken this year as falling home prices, jobs outlook feed consumer insecurity: UBS
China’s retail sales are expected to climb 5.5 per cent in 2024, one percentage point lower than the estimated 6.5 per cent in 2023, as consumers rein in their spending, according to the Swiss bank.
China could feel the impact of its property crisis for the next 10 years, economist says
It could take China more than a decade to sell the 6 million square meters of homes it has under construction, one economist estimated.
KE Holdings: Real-Time Proxy Of China’s Property Market
Any signs of recovery in China’s housing market may show up in property equities like KE Holdings first. Find out my recommendation on BEKE stock.
China’s home developers suffer further sales skid to end miserable 2023, as 2024 offers slim hope amid depressed demand
A downward trend in home sales accelerated in December as discounts and easing measures failed to spark demand.
China Is Trying to Fix Its Property Market. The Outlook Isn’t Bright.
New home prices in China’s 70 big cities fell for a sixth month and values in the secondary market declined the most in nine years. Policy makers are trying out a wide range of measures…
