An Evergrande avalanche leads today’s roundup of regional news headlines, as two staunch allies of the embattled developer’s chairman trim their stakes in the group, while Evergrande staff and customers are reportedly offered the chance to bid on discounted properties… 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.
China Home Sales Grow in April For First Time in a Year
China’s housing market continued to show signs of recovery in April with sales of new homes climbing on a annualised basis for the first time in over a year.
Sales of new housing nationwide grew to RMB 485.4 billion ($78.2… Read More>>
Over 90% of China Developers Expect Boost From Rate Cuts
It’s only been a few days since China cut interest rates to revive a slowing economy and boost property sales, but the monetary measure already seems to be raising confidence among the country’s listed real estate developers.
A survey of… Read More>>
400% Increase in Property-Linked Loans Threatening China’s Banks: Fitch
China’s real estate industry may be showing signs of recovery this year, but the slumping sector still represents the single largest threat to the nation’s banks, according to an independent credit agency.
In a report examining risks facing China’s publicly… Read More>>
PBOC Eases Lending as Real Estate Investment Plummets
China’s central bank moved sharply to increase the money supply yesterday just days after new data showed investment in the country’s real estate market dropping quickly, and overall GDP growth falling to its lowest level in six years.
The People’s… Read More>>
New Rules Could Let Wealthy Chinese Invest Up to $2M Overseas
Individual Chinese citizens could soon be allowed to invest as much as $1 million to $2 million overseas without regulatory approval, according to a statement by a deputy governor of the country’s central bank over the weekend.
The relaxation on… Read More>>
China Average Home Prices Fall Again Spurring Rate Cuts
January’s rebound in home prices across China appears to have been short-lived as the average price of new housing sold in China during February slid by 0.24 percent nationwide compared to the previous month, according to a recent survey.
In… Read More>>
China Real Estate on the Upswing After Kaisa Bailout and RRR Cut
There may not have been a red envelope, but China’s real estate industry received a pair of new year gifts recently that may have been just as welcome.
On Wednesday China’s central bank cut the reserve ratio requirement, which restrains… Read More>>