By Engen Tham, Julie Zhu, Clare Jim SHANGHAI/HONG KONG -In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pay ... ( read original story ...)
How Evergrande’s collapse foreshadowed China’s property crisis
In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pay lenders and finance the next real estate project. ( read original story ...)
Guangzhou eases mortgage rules as China ramps up efforts to revive property sector
In a notice, the Guangzhou city government eased mortgage curbs, allowing home buyers to enjoy preferential loans for first-home purchases. ( read original story ...)
China’s property crisis: how the commercial sector is bucking the trend
The outlook for China's property sector is undeniably bleak, and the effects are being felt on the broader economy and markets Yet, the strong performance and bright outlook for parts of the ... ( read original story ...)
Economist Andy Xie: China’s Way of Handling Property Bubble Might Not Be What Many People Expect
For years, China’s property market has been a bubble, fueled by growing middle-class wealth, demand for housing in cities, a preference for investing in property rather than stocks, and easy credit ... ( read original story ...)
China local government steps in to help indebted property vehicles
The western Chinese city of Xi'an is to set up a public-private fund worth up to 5 billion yuan ($686 million) aimed at supporting cash-strapped government-backed financing vehicles, in the latest ... ( read original story ...)
Unpaid workers, silent sites: Property woes hit Country Garden
At an unfinished Country Garden residential complex on the outskirts of the northern Chinese metropolis of Tianjin, construction has slowed, and a few idle workers roam a near-empty site. ( read original story ...)