In an unusual turn of events in Shanghai, an 88-year-old man has transferred properties worth approximately 4 crore rupees. ( read original story ...)
Chinese property developer Powerlong signs restructuring deal with creditors in ‘significant progress’ for debt solution plan
Distressed Chinese developer Powerlong Real Estate Holdings unveiled the preliminary terms of a restructuring agreement with an ad hoc group (AHG) of creditors late on Thursday, a deal which is ... ( read original story ...)
China’s property meltdown is battering middle class wealth
Some middle class households are pulling away from investing, or selling assets to free-up liquidity. Read more at straitstimes.com. ( read original story ...)
CORRECTED-UPDATE 1-China’s Beijing, Shanghai loosen home buying restrictions to aid housing market
The minimum deposit ratio for second homes in Shanghai will be lowered to 40-50% from the 50-70% previously, state media reported. Ratings agency Moody's last week slapped a downgrade warning on China ... ( read original story ...)
Once-hot China Reits get slammed as property slump dents demand
About half of China's Reits are tied to property market performance as they lease land, office space or apartments. Read more at straitstimes.com. ( read original story ...)
Give us our homes! The angry victims of China’s property crisis
Gu Lin is one of millions of Chinese people who ploughed their life savings into a property that may never get built. An unprecedented crisis in the real-estate sector, caused by a mix of rapacious ... ( read original story ...)
Wealthy Chinese Firms Go Bargain Hunting in China’s Stagnant Property Market
An affiliate of liquor maker Jingpai paid CNY3.5 billion (USD490 million) for a sought-after land plot in Suzhou, eastern Jiangsu province, in October at a premium rate of 15 percent. The company has ... ( read original story ...)