Poly Property Group Co also separately said on Tuesday that it has signed a one-year revolving credit facility of $100m, or its equivalent in Hong Kong dollars, with China Zheshang Bank. The …
Tagged By property
China’s HNA Found to Owe $185 Million Over Bankrupt Manhattan Skyscraper
The Chinese conglomerate must pay its former business partner SL Green about $185 million in a dispute over a bankrupt Manhattan skyscraper, an arbitrator said.
Real estate rejuvenation may lead China’s economy back to normalcy
Burdened by a resurgence of coronavirus in Shanghai, Beijing and a few other large cities, China’s economy in April reversed its growth trend and slowed down as stricter pandemic control measures, …
Goldman Sachs expects one third of HY China property firms to default in 2022
Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on bonds increasingly emerging through maturity extensions.
China Cuts Lending Rates To Cushion Property Market
China’s central bank unexpectedly lowered its lending rates for long-term loans, a move that is set to prop up lending to the …
Policies in place to help sustain China’s stable housing market
BEIJING – China is rolling out policies to bolster rational home-buying demand, in an effort to help the housing market sustain solid standing against the headwinds. China’s housing market continued …
China cuts borrowing rate again, seeking to revive housing sector
China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second cut this year as Beijing seeks to revive the ailing housing sector to prop up the economy.
China’s April new home price index falls for the first time in seven years as Covid-19 adds to the slumping property market’s cash woes
The index of home prices in 70 of China’s benchmark cities fell 0.1 per cent in April from a year ago, the first monthly decline since a 0.4 per cent drop in November 2015 Prices…
China’s new home price growth further slows in Apr, as property market comes under pressure
The growth of China’s new home prices continued to slow in April, with the price index for new houses across 70 cities recording a year-on-year decline for the first time since December 2015, marking …
China Housing Prices Fall for Eighth Month Amid Lockdowns
China’s home prices fell for an eighth month in April as measures to alleviate the real estate downturn failed to revive buyer confidence amid Covid outbreaks. New home prices in 70 cities, excluding …
China policies to cool housing market worked too well
China has replaced policies designed to deleverage its housing sector with new ones making it easier for people with three kids to buy a second home.
China’s new home prices fall for the first time since December
Average new home prices in 70 major cities fall 0.2 percent on a month-on-month basis after flatlining in March.
China April new home prices fall for the first time since Dec as Covid bites
BEIJING: China’s new-home prices in April fell for the first time month-on-month since December, official data showed on Wednesday, depressed by fragile demand in small cities and strict, widespread …