A survey this month of economists and analysts tracking China’s real estate sector found that nearly three-quarters of the market experts expect a return of preferential mortgage rates for first-time buyers in the coming months. The shift in credit policy… Read More>>
China Allows Mortgage-Backed Securities as Funding Channel
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>>
Evergrande Real Estate Offers Down-Payment Loans to Boost Sales
Guangzhou-based developer Evergrande Real Estate has begun offering down payment loans that allow buyers to purchase a home with no cash down, as China’s real estate firms search for incentives to stimulate sales.
The sales promotion program from China’s third-largest… Read More>>
China’s Central Bank Tries to Spur Mortgage Lending
After months of trying to cool down the housing market, China’s government has begun to take steps to revive flagging home sales that have begun to threaten overall economic growth.
On Monday the People’s Bank of China instructed the nation’s… Read More>>
China Puts Mortgage Discounts in the Past as Banks Raise Rates
With China’s banks facing competition for deposits from trusts on one side and online wealth management products on another, nearly 90 percent have ended mortgage discounts for first time home buyers.
The end of preferential rates was revealed in a… Read More>>
Could China’s Property Sector Create a New Credit Crisis?
Rising land prices and a government credit clampdown are forcing China’s real estate developers to borrow more money at higher rates – a combination that is likely to compress profit margins and put some companies into financial difficulties.
The country’s… Read More>>
China’s Tighter Loan Market May Be Slowing Down Home Sales
Higher mortgage rates and vanishing loan discounts may make it harder for China’s real estate developers to sell homes this year, as the government continues to rely on financial sector restrictions to slow down the real estate market.
Without introducing… Read More>>
China Steps Up Support for Parts of Housing Market – and more of Today’s China Real Estate Links | June 15, 2012
Here is a list of the day’s latest China real estate news collected from around the web:
China has been supporting property purchases by certain buyers to meet genuine… Read More>>
NDRC Squelches Mortgages for Foreigners Buying Homes in China
Good news everyone! The leading minds in China’s bureaucracy have come up with an elegant solution to runaway real estate prices — stop all those foreign banks from lending money to all those foreign people buying homes in China.
The… Read More>>