The real estate industry in places like South Korea and Poland looks rocky as consumers face interest rate hikes and fatter monthly payments.
Tagged By property
China Evergrande to Get $817.8 Million for Giving up Land Use Rights for Soccer Stadium
The indebted group will return the land-use rights to the Guangzhou Municipal Planning and Natural Resources Bureau, from which it had acquired the rights in April 2020 for 6.81 billion yuan. …
Capesize bulker routes to China fall to multi-month low as real estate sector struggles
Rates for benchmark routes for capesize bulkers that ship iron ore to China for steelmaking have slid to their lowest level in months as China’s real estate industry falls into deeper financial …
Dali Encourages ‘Joint Property’ Model to Boost Sales
Authorities in the southwestern city of Dali are encouraging real estate developers to sell at least half of a property up front while selling the remaining part later in the latest effort to boost …
China’s embattled property giant Evergrande fails to deliver debt restructuring plan
Evergrande has been at the heart of the country’s real estate troubles since last year, and has become China’s most indebted developer with $300 billion in liabilities.
China real estate crisis: Authorities to rescue property developers after homebuyers boycott mortgages
Many Chinese home buyers announced they would stop making mortgage payments to banks until work resumed on unfinished projects, VOA reported.
China’s Latest Land Purchase Could Pose Major U.S. Security Risk
That’s how we compete with China.” While China raises concerns over American boots on the ground in Asia, the country continues to grow its own footprint in the U.S. Not only has the purchase startled…
China’s property downturn deepens
China’s housing sales amounted to more than $2trn last year, making the sector a crucial driver of the world’s second-largest economy, says Jacky Wong in The Wall Street Journal. The mortgage boycott …
Iron ore sags as China property woes eclipse rebound in steel profits
Dalian and Singapore iron ore futures fell on Wednesday as a crisis engulfing property developers in China, the world’s top steel producer, outweighed improving margins at mills. Aug 3 (Reuters) – …
SGX iron ore dips as China property woes eclipse rebound in steel profits
Iron ore futures fell in Singapore on Wednesday, while the Dalian benchmark contract swung back and forth, as a crisis engulfing property developers in top steel producer China outweighed improving …
China’s economy could be dragged down by loss of confidence in property sector
Land sales, which make up a dominant portion of provincial government revenue, have fallen 30% in the past year.
China property crisis threatens to drag down steel industry
The real estate crisis has ballooned this year, engulfing developers and banks and forcing Beijing to soften its growth ambitions. Read more at straitstimes.com.
China’s property sector remains a drag on its economy, says Standard Chartered
Shuang Ding of the bank discusses how the government has started fine-tuning housing policies to boost demand.