The number of loss-making lived-in home transactions surpassed 100 from March to June, much higher than a year earlier Leftover stock of new flats rose for three consecutive months to about 13,446 ... ( read original story ...)
China extends property loans at the fastest pace in three years as mortgage crisis spreads
China's banking regulator has pledged to boost lending to help developers finish stalled property projects and boost buyers' demand, as a growing mortgage boycott by homebuyers exacerbates the country ... ( read original story ...)
Hong Kong protests: prosecutors press more serious charges against suspects for carrying zip ties to 2019 clashes
Cheng Ho-lun and Fung Tin-ching accused of rioting and illegally keeping a total of four packs of plastic ties in Yau Ma Tei on November 18, 2019 Despite top court's recent ruling on zip ties, ... ( read original story ...)
Analysis: China’s mortgage boycott spurs shakeout among strapped developers
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 ...)
Chinese banks’ half-truths hinder mortgage fix
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 ...)
School district home rents drop by the most in 2 years as more Hong Kong residents head for the emigration queue
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 scrambles to defuse alarm over mortgage boycotts and banks runs
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 ...)
Mortgage boycott in China leads the government to step in
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 ...)
Chinese home-buyers boycott mortgage payments amid stalled projects
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 protests: Top court acquits first person jailed for carrying zip ties, rules items ‘not instruments fit for unlawful purposes’
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 ...)
Commentary: Is China stumbling into its own mortgage crisis?
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 ...)
Hong Kong’s Office Sector Slowing Recovering after Fifth Covid Wave
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 rush to tame investor panic over mortgage boycotts
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 ...)
Chinese property shares slide despite Beijing assurance on mortgage protests
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 ...)