SHANGHAI: Chinese developer stocks and bonds rallied after a report that the nation’s financial regulators told the biggest state-owned banks to provide financing worth at least US$85bil (RM395bil) to ... ( read original story ...)
China reduces mortgage rates to boost home sales in hard-hit cities as Beijing seeks to prop up property market
The central bank gives local governments the green light to woo first-time homebuyers in what analysts see as a sign of support for the bruised property sector ahead of the country’s party congress. ( read original story ...)
China factory activity struggles on Covid-19 curbs, property woes
BEIJING - China's factory activity continued to struggle in September, while services slowed, as the country's economic recovery was challenged by lockdowns in major cities and an ongoing property ... ( read original story ...)
China property shares, bonds slump as CIFI default report adds to sector woes
Investors dumped shares and bonds of Chinese property developers on Wednesday, after a media report that CIFI Holdings (Group) Co had defaulted added to worries over the crisis-stricken real estate ... ( read original story ...)
Shanghai vows to promote delivery of homes, keep property market sound
China's commercial hub Shanghai said it will strengthen efforts to promote delivery of residential houses and ensure the steady and sound development of the property market, according to a local ... ( read original story ...)
Hong Kong Billionaire’s K. Wah Wins Shanghai Real Estate Bid, Sees “Excellent” Opportunity
K. Wah, though a subsidiary, will hold 60% of a joint venture in partnership with two state-owned companies to develop residential and commercial property in an area planned for artificial ... ( read original story ...)
Developers Poly, Longhua Join Forces to Buy Shanghai Plot in City’s Third Auction This Year
After 20 rounds of bidding and a starting price of CNY3.3 billion, Guangzhou-based property giant Poly and Shanghai-based Longhua beat three other bidders for the right to develop a more than 19,700 ... ( read original story ...)