Asia real estate and outbound investment news
94 people were detained in a growing funding scandal involving real estate developers and private lenders in the northern Chinese city of Handan recently as a slowdown in housing sales exposed risky funding practices.
A report in the official Xinhua… Read More>>
China moved to prop up funding for individual homebuyers today by allowing the country’s first offering of mortgage-backed debt sales, after banning the financial products in 2007 after they helped bring about the meltdown of the US economy.
According to… Read More>>
Credit ratings agency Moody’s predicts continued revenue struggles for China’s property developers in the second quarter of 2014, after the industry’s sales dropped an average of 7.7 percent in the first three months of the year.
“The weak contracted sales… Read More>>
China’s credit crunch comes as good news for London-based Forum Partners, which now plans to sell off Japan assets so it can devote more cash to the buying Chinese assets.
Brushing aside fears of a bubble, the $6 billion real… Read More>>
The cutback in credit to China’s property sector was spelled out by the country’s central bank on Friday, when new figures revealed that growth in loans dropped 1.57 percent in the first quarter of this year.
According to a statement… Read More>>
Assets managed by China’s trust management firms grew at only 64 percent of their average rate during the first quarter of 2014, as the country’s shadow-banking industry struggled with worried customers, declining returns, and new competition from online funds.
Government-backed… Read More>>
China’s real estate industry witnessed its second significant default in less than a month last week when a Nanjing property developer failed to repay a RMB 105.4 million (US$16.9 million) inter-company debt from a Shenzhen-listed shipbuilder.
The default on a… Read More>>
China’s real estate developers borrowed 49 percent less cash from the nation’s trusts during the first quarter of 2014, reversing a surge of informal credit to the industry as default concerns rise.
According to data from consulting firm Use Trust… Read More>>
Credit ratings agency Fitch has reviewed the recent collapse of a property developer in eastern China, and find that this case represents industry trends that investors should be aware of. The text of the agency’s statement follows.
Fitch Ratings says… Read More>>
Share and bond prices for China’s leading property companies fell sharply today following reports that a Ningbo real estate developer had collapsed, leaving behind RMB 3.5 billion in debt and more than 100 unhappy creditors.
The folding of the developer,… Read More>>
