China’s ongoing real estate struggles lead today’s news from around the real estate world, with home prices falling for a thirteenth straight month, as sales dropped 15 percent during September. That slide also includes developer Yango Group being hit with… Read More>>
China Mortgage Losses Could Hit $350B and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s property crisis threatens to blow a $350 billion hole in the banking system’s mortgage portfolio, a Hong Kong political figure urges the appointment of Ping An reps to HSBC’s board, and debt-stricken… Read More>>
State-Owned Developers Dominate China Home Sales Rankings in 2022
With private development giants like China Evergrande having been brought low by debt troubles, state-owned enterprises continued to expand their dominance of China’s real estate industry in the first half of 2022, with government-backed developers holding 13 of the top… Read More>>
Singapore New Home Sales Rose 20.7% in March, Still Down From Red-Hot 2021
Sales of new private homes in Singapore totalled 654 units in March, up 20.7 percent from February, delivering a respectable showing in the absence of first-time launches last month, according to analysts.
While sales rebounded last month after a February… Read More>>
China Home Sales Slow, But Real Estate Investment Rebounds in 2019
Growth in sales of real estate in China fell to 2.8 percent during January and February 2019 compared to the same period a year ago, with the value of new property sales during the two months totalling RMB 1.28 billion,… Read More>>
Shanghai Existing Home Sales Fell 22% in April Amid Credit Clampdown
Sales of existing homes in Shanghai fell by almost one-fourth last month as the Chinese government continues to clamp down on sales of pricey housing in an effort to keep residential real estate prices steady.
The city saw some 13,550… Read More>>
China Home Sales Growth Starts to Slide in May
After several months of rapid expansion the rate of growth in China’s home sales fell in May, compared to April, with the increase over 2015 dropping from 61.4 percent for the period from January to April, down to 53.4 percent… Read More>>
China Lowers Taxes, Blocks Land Sales in Attempt to Boost Housing Markets
China’s central government is aiming all of its bureaucratic weapons at the housing market in the early months of this year, to add some spark to one of the traditional engines of the mainland economy.
The latest evidence of this… Read More>>
China Home Sales Growth Drops by Half in August
Home prices in China showed signs of levelling off during August as growth in sales appeared to taper after several months of increase.
Average home prices across 70 cities in China, including subsidised housing, grew by just 0.17 percent in… Read More>>
China Home Sales Rebound in May, But Investment Slide Continues
China’s new home sales rose by 30 percent in May, as government moves to cut interest rates and remove home purchase restrictions appear to have succeeded in luring buyers back into the market.
The nation’s property developers seem less convinced… Read More>>