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Dalian Wanda Wang Jianlin

Could China’s Property Sector Create a New Credit Crisis?

Dalian Wanda Wang Jianlin

2014/02/17 by Michael Cole Leave a Comment

Rising land prices and a government credit clampdown are forcing China’s real estate developers to borrow more money at higher rates – a combination that is likely to compress profit margins and put some companies into financial difficulties.

The country’s… Read More>>

Rising land prices and a government credit clampdown are forcing China's real estate developers to borrow more money at … Read more>>>

Wenzhou Ferrari

29 Months of Falling Home Prices Bring Chinese City to the Brink

Wenzhou Ferrari

2014/02/17 by Michael Cole Leave a Comment

Wenzhou, the wealthy port city in eastern China’s Zhejiang province, was once famous for its savvy real estate speculators. Now, however, this centre for the country’s new wealth has become noteworthy for the ongoing slide of its real estate market.

… Read More>>

Wenzhou, the wealthy port city in eastern China's Zhejiang province, was once famous for its savvy real estate … Read more>>>

China fake statistics

China Statistics Bureau Vows to Crack Down on Fake Numbers

China fake statistics

2014/02/13 by Michael Cole Leave a Comment

China will step up efforts to investigate and punish any cases of falsified statistics, the country’s chief statistician said in remarks published on Wednesday, highlighting the issue of reliability of Chinese data.

The accuracy of economic statistics in general in… Read More>>

China will step up efforts to investigate and punish any cases of falsified statistics, the country's chief statistician … Read more>>>

China construction bank

China’s Tighter Loan Market May Be Slowing Down Home Sales

China construction bank

2014/02/12 by Michael Cole Leave a Comment

Higher mortgage rates and vanishing loan discounts may make it harder for China’s real estate developers to sell homes this year, as the government continues to rely on financial sector restrictions to slow down the real estate market.

Without introducing… Read More>>

Higher mortgage rates and vanishing loan discounts may make it harder for China's real estate developers to sell homes … Read more>>>

China luxury housing

Rule Changes May Bring Back High-End Home Sales in China

China luxury housing

2014/02/12 by Michael Cole Leave a Comment

A change in rules restricting pre-sale of luxury housing in China is likely to drive more high-end transactions in 2014, especially as China’s wealthy individuals confront policies that limit the quantity of homes they can purchase.

As part of… Read More>>

A change in rules restricting pre-sale of luxury housing in China is likely to drive more high-end transactions in 2014, … Read more>>>

Shanghai Home Sales

China Home Prices Jump 11% But Shanghai Sales Slow by 29%

Shanghai Home Sales

2014/02/10 by Michael Cole Leave a Comment

China recorded its 20th straight month of housing price increases in January, but growth rates have begun to slow, and new measures may be stifling sales, according to recent market reports.

The China Index Academy, which is part of real estate… Read More>>

China recorded its 20th straight month of housing price increases in January, but growth rates have begun to slow, and … Read more>>>

Beijing Hutong

Beijing to Auction 12 Plots as Developers Scramble for Land

Beijing Hutong

2014/02/10 by Syndicated Content Leave a Comment

Beijing has put out a dozen plots of land for sale this month, including one in its central area, as the country’s real estate developers scramble to secure land amid a capital crunch and potential industry consolidation

The Beijing land reserve bureau has listed 12 parcels for public tenders, including five with floor prices totalling 13.4 billion yuan (HK$17 billion).

Beijing has put out a dozen plots of land for sale this month, including one in its central area, as the country's real … Read more>>>

Richard Ho of Deloitte China

Deloitte Foresees Downward Cycle for Mainland Developers

Richard Ho of Deloitte China

2014/02/10 by Michael Cole Leave a Comment

Despite the increase in their average total revenue, nearly 60 percent of listed mainland real estate companies in Hong Kong, Shenzhen and Shanghai registered a decline in net profit margin during 2012, reflecting the beginning of a profitability down… Read More>>

Despite the increase in their average total revenue, nearly 60 percent of listed mainland real estate companies in Hong … Read more>>>

Construction Slowdown Seen Bringing HK Flat Prices Back Up

2014/01/27 by Syndicated Content Leave a Comment

Hong Kong’s property market continues to experience a shortage of new supply, with the number of completed flats falling to a four-year low last year, but analysts expect supply to pick up in coming years.

Figures from the quarterly report of the Housing Authority show that only 8,300 new private residential units were completed last year – nearly 18 per cent less than 2012. The number also fell far short of the government’s expectation of 13,551 flats for 2013.

Hong Kong's property market continues to experience a shortage of new supply, with the number of completed flats falling … Read more>>>

China Approves 12 More Free Trade Zones

2014/01/27 by Michael Cole Leave a Comment

China’s central government has given the nod to 12 free trade zones (FTZs) following the one in Shanghai, amid a spurt of nationwide enthusiasm for such schemes.

Tianjin Municipality and Guangdong Province have been green-lit to set up FTZs, a source with knowledge of the approval told Xinhua-run Economic Information Daily on Wednesday, refusing to leak the remaining 10.

China's central government has given the nod to 12 more free trade zones (FTZs) just three months after the first of the … Read more>>>

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