Asia real estate and outbound investment news
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>>
More than half of China’s listed real estate companies saw profits shrink during the first quarter of 2014, according to recent figures from an independent financial information provider. The country’s once booming property sector has been suffering through one its… Read More>>
A top official from China’s largest real estate developer by sales is saying privately that China’s housing market is saturated and there’s no chance of further price increases barring further economic stimulus by the government.
Private comments by Mao Daqing,… Read More>>
The bureaucrats running the city of Hangzhou in eastern China have reached back into their command-economy toolkits for a solution to rapidly decaying housing prices – make discounts subject to government approval.
The Hangzhou government announced on Wednesday that 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>>
Eastern China’s Zhejiang province could be in for more trouble as the SWAT team was called in to calm protests that erupted in the city of Taizhou after property developers began discounting home prices by 30 percent late last month.
If the performance of Vanke (000002.SZ) represents a best-case scenario for the nation’s housing market, then the industry has fallen by at least five percent in the last year, according to financial data released last week by China’s largest real… 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>>
A private real estate developer in the Chinese city of Ningbo reportedly failed yesterday under the weight of RMB 3.5 billion ($566.6 million) in debts, and the company’s owner is said to have been detained by authorities.
The pressures currently… Read More>>
