Property dynasties lead the way in Mingtiandi’s roundup of Asia real estate headlines today with news that the net worth of Singapore’s richest family jumped $166 million in a single day following a deal to buy out a London-listed hotel… Read More>>
Moody’s Investors Service has concluded that China’s economy is at increased risk in the event of a property downturn, and that Chinese authorities are running out of options for mitigating the effects of a slump through fiscal and monetary policies.
After mainland property prices rose for a 17th straight month in September, an increasing number of analysts are concluding that China is in danger of suffering a housing bubble. The sharp increase in housing prices that saw once catatonic markets… Read More>>
China’s slide in home prices continued in June, according to two privately conducted surveys, with nearly three-quarters of the country’s largest cities covered in one study reporting drops in average housing costs compared to May.
According to data from China… Read More>>
The 2014 real estate slowdown could rapidly transform into a 2015 property bloodbath if statistics on trust obligations owed by China’s property developers prove true, and a recent scandal surrounding commodity-backed loans is helping to further cloud the country’s credit situation.
A Shenzhen-based real estate developer announced on Wednesday that it was not about to collapse, despite being beseiged by unhappy customers after failing to deliver homes which buyers had already paid for.
Shenzhen Guang Group Real Estate, which is said… Read More>>
Beijing’s city government announced pre-sale approvals for two new — and record-breakingly expensive — real estate projects in China’s capital.
According to a report in the South China Morning Post, a permit was issued on Sunday for a project in the city’s Chaoyang district to begin selling units with prices as high as RMB 100,537 per square metre, with the cheapest units being priced at RMB 53,072 per square metre.