Long considered an eyesore, the city’s central river has received a massive overhaul over the past 25 years. That project finally culminated with the launch of a new tourist cruise yesterday. ( read original story ...)
Economic concerns weigh on Shanghai’s retail property recovery
Retail sales fell 12% in the first eight months of 2022. China’s biggest city of Shanghai has enjoyed stronger confidence in its retail market, but economic concerns continue to weigh on consumers, ... ( read original story ...)
Auditor Exodus At Embattled China Property Firms Triggers Governance Concerns
Auditors of at least 14 Hong Kong-listed Chinese property firms have exited this year, securities filings showed, raising governance concerns about the debt-ridden developers several of whom are yet ... ( read original story ...)
CIFI’s suspended debt repayments add to China’s property woes
Shanghai-based property developer CIFI Holdings said on Tuesday it has suspended payments on all of its offshore debt after it failed to reach an agreement with creditors to which it owes $414 million ... ( read original story ...)
Home rents drop by 20 per cent in Shanghai as expats and wealthy mainlanders leave the city due to psychological scar left by a citywide lockdown
Shanghai's average monthly home rent fell 5.6 per cent last month to 102.71 yuan (US$14.20) per square metre, from August, according to creprice.cn Average charges may fall another 1 per cent to ... ( read original story ...)
Luxury Home Prices in Shanghai Fall 40% as the Wealthy Sell Out After Xi Jinping Power Grab at China Party Congress
Real estate analysts tell Radio Free Asia that rich people are selling off properties in cities like Shanghai, Wuhan, Beijing, Jiangsu and Zhejiang. ( read original story ...)
China to ease share financing rules for property-related firms but outlook bleak
Chinese authorities will ease share financing rules for certain real estate-related firms, fuelling hopes of more measures to aid a sector, whose outlook remains bleak due to a mortgage boycott, COVID ... ( read original story ...)