In recent months China’s richest man lost out on a $1 billion Hollywood acquisition and hundreds of middle-class Chinese homebuyers have found themselves unable to make payments on homes in Malaysia and Melbourne. These financial mishaps were triggered at least… Read More>>
Shanghai Banks Told Not to Lend to Property Industry and More Asia Real Estate Headlines
The headlines are full of stories of the Chinese government clamping down on credit to the real estate industry today, including comments from a top banking regulator saying that property loans are not a big issue. In other news, Hong… Read More>>
Citi Says China Housing Boom to Continue in 2017
Analysts at one of America’s best-known banks are predicting continued good health for China’s already vigorous residential real estate market into next year.
Citigroup predicts China’s housing market will remain ‘robust’ in 2017 given government support and higher prices, according… Read More>>
HK Office Space Now 76% More Expensive Than NYC and More Asia Real Estate Headlines
China may be celebrating the moon festival, but the real estate market refuses to take a break over this lunar holiday. A new study finds Hong Kong office space is still the most expensive in the world, and IKEA reveals… Read More>>
Henderson Boss Says HK Home Prices to Drop 10% and More Greater China Real Estate Headlines
Hong Kong’s second richest man expects the city’s home prices to keep sliding and selling a Manhattan nursing home to China’s biggest developer could put a New York company on the wrong end of a lawsuit. Read on for all… Read More>>
China Cuts Interest Rates for 6th Time in One Year and More China Real Estate Headlines 2015-10-26
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
China Cuts Interest Rates for 6th Time in One Year
China cut interest rates and the banks’ reserve ratio on Friday… Read More>>
Will China’s Latest Rate Cuts Rekindle Real Estate Investment?
China’s central bank acted decisively on Friday to pump more credit into the nation’s economy in the face of recent economic data indicating that the nation’s economy is slowing faster than the government has planned.
The People’s Bank of… Read More>>
Record RMB Devaluation to Whet China’s Appetite for US Real Estate
China’s central bank allowed its currency to drop by 1.86 percent this morning in the biggest devaluation of the country’s currency in more than a decade. And the monetary maneuver may have a major impact on global real estate markets.
PBOC Cuts Interest Rates to Spark Sagging Real Estate Sector
In a surprise move late on Friday, China’s central bank cut interest rates for the first time in more than two years, and the move appears largely aimed at spurring real estate sales.
The People’s Bank of China’s (PBOC) announcement… Read More>>
China to Cut Bank Reserve Requirements to Spur Lending
In the latest sign that China’s government is moving its regulatory foot from brakes to gas, the State Council announced on Friday that bank reserve requirements would be reduced to “an appropriate level.”
According to a story in the Wall… Read More>>