China’s Vice Premier Liu He underscored the country’s recent backflip on property policy at the World Economic Forum on Tuesday, signalling that authorities will continue to bolster the real estate industry as indebted developers struggle to shore up their finances.
China’s PBOC Cuts Bank Reserve Requirements and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, analysts applaud China’s 25-basis-point RRR cut but say further measures are needed, developer CIFI escapes a short-lived winding-up attempt, and an investment vehicle owned by APG and GIC acquires a Paris hotel.
Goldman Says China Property Support Programme Falls Short of Blanket Bailout
A rescue package proposed by Chinese authorities on Friday may not be enough to spark immediate relief for investors in the country’s troubled developer bonds according to analysts from Goldman Sachs.
After China’s central bank and top banking regulator rolled… Read More>>
CapitaLand Reports 16% Jump in Fee Income and More Asia Real Estate Headlines
Encouraging results from Singapore’s biggest real estate enterprise lead today’s news as CapitaLand reports rising earnings across its lodging, fund management and property investment divisions. Also in the news, China makes more moves to prop up its property sector and… Read More>>
Shimao Proposes 8-Year Debt Repayment Plan and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, debt-saddled developer Shimao floats a proposal to repay $11.8 billion over eight years, a Shanghai mega-mall reels from COVID-led lockdowns, and Link REIT extends a rent holiday for Hong Kong tenants.
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China Rate Cut Boosts Developer Stocks and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a deeper-than-expected rate cut by China’s central bank sparks a rally in developer stocks, South Korea’s government requests changes in Mirae Asset’s $3 billion deal for IFC Seoul, and MGM China injects cash… Read More>>
China’s $147B Real Estate Bailout Fund May Not Help Developers Says S&P
Investors hoping that a state bailout fund which could reach RMB 1 trillion ($147 billion) will help save some of the country’s beleaguered developers or rescue bond investors may have to adjust their expectations according to a report this past… Read More>>
China’s PBOC Cuts Rates as Economy Staggers and More Asia Real Estate Headlines
Disappointing data on China’s economy prompted some of today’s biggest headlines, with the mainland’s central bank moving quickly to cut rates at same time that JP Morgan analysts are predicting more gloom for developers.
Also in the news, an SGX-listed… Read More>>
China Home Prices Post Rare Decline and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, China’s new home prices post a rare decline amid a growing boycott crisis, banking giant HSBC continues to push back against break-up pressure, and Hong Kong lender Hang Seng reports a profit plunge… Read More>>
China Setting Up $44B Developer Bailout Fund and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Chinese officials reportedly prepare a rescue fund for debt-stricken mainland developers, a Singapore residential project nearly sells out on its first day of launch, and more Hong Kong homeowners are dumping properties at… Read More>>