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Category: PROPERTY

Posted on 05/11/2022

China property slump persists in October with falling prices, sales as COVID bites

China's property market continued its slump in October, with private data showing home prices and sales falling, suggesting lacklustre sentiment and a bleak outlook amid strict COVID curbs that have ... ( read original story ...)

Posted on 03/11/2022

Chinese Property Bonds Set Record Lows as Investors Lose Faith

Bonds from some of the strongest developers trade below 10 cents on the dollar; ‘everyone is scared’ By Rebecca Feng – The Wall Street Journal The bottom has fallen out of the market for bonds from ... ( read original story ...)

Posted on 02/11/2022

Shanghai Completes Its $5 Billion Transformation of the Suzhou Creek

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 ...)

Posted on 02/11/2022

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 ...)

Posted on 02/11/2022

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 ...)

Posted on 01/11/2022

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 ...)

Posted on 30/10/2022

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 ...)

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