Investors dumped China’s banking and real estate stocks today, fearing deepening trouble in the property sector would begin to hit the financial system as ... ( read original story ...)
China banks, property stocks slump as more homebuyers stop mortgage payments
Over the past weeks, a rising number of homebuyers have collectively threatened to halt mortgage payments to banks if developers do not resume construction of pre-sold homes, according to official ... ( read original story ...)
In Shanghai, a surge in cases raises fears of another lockdown.
Residents have been alarmed by mixed messages from officials, including advice that they stock up on food and medicine. ( read original story ...)
Shanghai’s old residential communities to be revamped by July-end
A shikumen, or stone-gate community, near Xintiandi in Shanghai's Huangpu District will be revamped soon after the relocation of residents. Shanghai will finish renovating all massive derelict ... ( read original story ...)
China´s real estate crisis worsens as a major Shanghai developer defaults
Another prominent Chinese developer has gone bankrupt, adding to the woes of the world's second-largest economy's real estate sector. Another prominent ... ( read original story ...)
Shanghai Office Building Sales Defied Covid, Rose 3% in First Half, Report Shows
The volume made up 64 percent of all block trades in Shanghai's property market, almost double compared to that in 2021, as office demand increased, the Chicago-headquartered firm added. The trend of ... ( read original story ...)
Shanghai’s Pre-Owned Apartment Sales Stay Strong, Unlike Elsewhere in China
Shanghai, which used to have a shortage of lived-in apartments for sale, enjoyed hot sales in June with prices on the strong side. There is not much space to haggle in Shanghai's pre-owned apartment ... ( read original story ...)