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 ...)
Give us our flats! The angry victims of China’s property crisis
I feel the property rights and livelihood rights of the homeowners ... His own predicament has led Gu to believe there must be many like him around the country. “This is Shanghai,” he exclaims. ( read original story ...)
SSE to support needs of property developers
The Shanghai Stock Exchange (SSE) will support the reasonable financing demand as well as merger and acquisition needs raised by property developers of different ownership systems, the exchange said ... ( read original story ...)
Xi’s First Shanghai Visit Since 2020 Showcases Tech, Finance
China has in recent months amped up efforts to support the property sector after a sharp downturn hurt economic growth. “Shanghai is the most-developed and most-open area of China,” said Wang Huiyao, ... ( read original story ...)
China’s property lifeline exposes banks to big losses, job cuts
Lenders may soon be asked for the first time to provide unsecured loans to developers. Read more at straitstimes.com. ( read original story ...)
The human cost of China’s property crisis
While China’s residential property prices were up almost a third in the first quarter of this year compared with a decade ago, according to data compiled by the Bank for International Settlements, ... ( read original story ...)