Category: PROPERTY

A revolt by Chinese homebuyers, who have threatened to stop paying mortgages on hundreds of unfinished housing projects, is spurring a shakeout among cash-starved property developers who have long ... ( read original story ...)

A rare mortgage boycott spotlights the problem with Chinese banks' half-truths about asset quality. Seventeen banks say homebuyers' refusal to pay instalments warrants little concern, but the ... ( read original story ...)

Property agency data show that areas with underpopulated schools saw the biggest rent declines through the pandemic Net outflow of residents is likely to continue for some time, with a negative and ... ( read original story ...)

China is trying to ease panic over two of the biggest issues threatening social stability in the country—mortgage boycotts and frozen bank accounts. ( read original story ...)

Banks have been instructed to help eligible property developers fund stalled real estate projects as buyers refuse to make payments on unfinished homes. ( read original story ...)

China’s banking regulator has urged the country’s banks to lend more to distressed property developers as a mortgage repayment boycott spreads among apartment buyers angry that the homes they ... ( read original story ...)

Hong Kong’s top court has ruled that zip ties are “not instruments fit for unlawful purposes” under existing legislation, warning that authorities could penalise “thought crimes” otherwise. ( read original story ...)

A rapidly spreading protest — borrowers refusing to make mortgage payments on unfinished homes — threatens to rattle the Chinese financial system, says Bloomberg’s Shuli Ren. ( read original story ...)

Global property consultant JLL reported this week Hong Kong's overall Grade A office market was stable in the first half of 2022, despite the city being hit by the fifth wave of the Covid-19 pandemic. ( read original story ...)

Chinese regulators are trying to stamp out panic over rising home loan risks at banks as a wave of homeowners join a country-wide mortgage boycott of unfinished houses. Hundreds of thousands of buyers ... ( read original story ...)

Shares in embattled Chinese property developers fell on Friday as homebuyers' threats to stop mortgage payments on unfinished apartments outweighed Beijing regulators' assurance that local governments ... ( read original story ...)

Desperate homebuyers across dozens of cities are refusing to pay mortgages on unfinished homes, according to state media reports and economists at international banks. In China, real estate firms are ... ( read original story ...)

An unfinished housing project in Hubei Province's Huangshi City. Tens of thousands of home buyers across Chinese say they will refuse to pay their mortgages until developers compl ... ( read original story ...)

Hong Kong’s government will sell more land in its fiscal second quarter, increasing the number of homes that can be built on the land tenfold, after the new administration of Chief Executive John Lee ... ( read original story ...)