The city of Wenzhou in Zhejiang province has long been known as a centre for entrepreneurial zeal, but after nearly three years of sliding home prices it is becoming known for something else innovative in China – walking away from your… Read More>>
More Housing Discounts on Way as China’s Developers Feel Pressure
After two quarters of slowing homes sales and the occasional developer collapse, China real estate analysts are predicting lower prices and looser credit for the second half of the year.
A report released this week by CRIC, a unit of E-House… Read More>>
Shanghai Project Frozen By Courts as Developer Can’t Pay Bills
The credit problems of China’s real estate industry spread into its first-tier cities recently when a 220,000 square metre development project was halted by the courts after the developer ran out of cash.
The suspension of the mixed-use project belonging… Read More>>
Developers Delay Commissions as Real Estate Slows in China
Another sign of tight cashflow has emerged among China’s real estate developers as housing brokers have begun to complain about unpaid commissions.
According to a recent report in the South China Morning Post, large property agencies active in China’s residential… Read More>>
Land Sales in China Are Down, But Mostly Because They Went Up
China’s land sales fell 45 percent last month compared to the same period last year, but they may still be much more than they used to be.
A recent report from real estate website Soufun.com shows just how much the… Read More>>
You Too Wuhu? Anhui City Latest to Relax Home Sales Restrictions
Wuhu in eastern China’s Anhui province became the latest city to loosen restrictions on home sales last week as the country’s local governments try to rekindle their once-raging real estate markets.
According to an announcement posted last week on the… Read More>>
Soho’s Pan Alarmed Over Imminent Wreck of Real Estate Industry
Pan Shiyi, chairman of Hong Kong-listed developer Soho China, thinks that the country’s real estate industry is headed for disaster, one that he likens to a certain famous shipwreck, and he thinks the coming crash could sink the whole economy.
Moody’s Downgrades China’s Property Industry to Negative
Increasing investor pessimism about China’s real estate market has put a scare into at least one of the world’s largest credit agencies, as Moody’s Investor Service this week downgraded the country’s property sector from stable to negative.
In a report… Read More>>
NYSE-Listed Xinyuan Real Estate Sees Sales Drop 53.6 percent in Q1
New York Stock Exchange-listed developer Xinyuan Real Estate (NYSE:XIN) announced on Friday that its contracted sales had dropped to $273.9 million in the first quarter of this year, a 53 percent fall compared to the same period last year,… Read More>>
ING and JP Morgan Economists Warn on China Property Slowdown
The chorus of concern regarding China’s slumping real estate sector gained a couple of new and highly influential voices last week when economists for JP Morgan Chase and ING both warned of risks to the nation’s economy.
According to a… Read More>>
