Midland IC&I slashes forecast for industrial property, office and shop transactions by 15 per cent to about 4,700 this year, the lowest since 2020 A street level shop in Wan Chai sold recently for ...
China Consumer Spending Slumps Under Covid and Property Restrictions
Consumer spending is buckling under China’s dual campaigns, flashing a warning for companies that have pinned their hopes on a more free-spending Chinese customer.
Pandemic, Central Banks, Property Issues Drive Hong Kong Shares Into Red
The Hong Kong Hang Seng Index opened higher Friday but sagged in the afternoon, finishing off 0.3% as traders weighed tenacious COVID-19 outbreaks in mainland China, the nation's struggling property ...
Analysis-Reluctant Buyers Pose Main Threat to Beijing’s Property Revival Efforts
BEIJING/HONG KONG (Reuters) - A slew of recent supportive measures will bring China's cash-strapped property developers much needed relief, but a full recovery of the sector will be hobbled by ...
In China’s property crisis, global asset managers see opportunity in rental housing
Global investors Warburg Pincus and Greystar Real Estate Partners are pushing deeper into China's rental housing, as a growing number of distressed developers are looking to divest some of their ...
China Unveils Sweeping Measures to Rescue Property Sector
The Hong Kong-listed shares of China's biggest developer by sales, Country Garden, closed up 45%, while the shares of major competitor Greenland gained more than 35%. Beijing imposed widespread ...
Two Chinese property developers plan to raise $5 billion in debt
Property developers Longfor Group Holdings Ltd and Midea Real Estate Holding Ltd plan to raise a total of 35 billion yuan ($5 billion) in debt, China's National Association of Financial Market ...
Hong Kong migrants locked out of UK jobs by police check fears
When Hong Kong maths teacher Jessica was freed from jail last year following her arrest during the territory’s massive pro-democracy protests she decided it was time to leave her home city and head ...
Two Chinese property developers plan to raise $5 bln in debt
Property developers Longfor Group Holdings Ltd and Midea Real Estate Holding Ltd plan to raise a total of 35 billion yuan ($5 billion) in debt, China's National Association of Financial Market ...
China’s property easing is minor capitulation
Beijing has rolled out more measures to support its flagging real estate sector, including extending repayment periods, facilitating financing for developers and lowering mortgage down-payments. That ...
Luxury home sales in Hong Kong expected to hit a 9-year low in 2022 amid rising interest rates and pandemic effects, Centaline says
Only 1,800 new and used homes worth more than HK$20 million are expected to be sold this year, according to forecast Analysts say the luxury property market in the city has been hit by a double whammy ...
China’s ‘most comprehensive’ rescue package for property sector lifts stocks, bonds
Chinese property stocks and bonds soared on Monday as the market cheered Beijing's "most comprehensive" support measures aimed at boosting liquidity in the sector in its latest attempt to stabilise a ...
China’s real estate crisis could be over. Property stocks are soaring
Chinese authorities are making their biggest effort yet to end a crisis in the country's vast real estate sector that has weighed heavily on the economy over the past year.
Hong Kong, China stocks extend rally on easing of Covid-19 curbs, support for developers
BEIJING - Stocks in China, including Hong Kong, rallied for a second day on Monday, after the announcement of new measures to prop up the beleaguered property sector and the easing of the country’s ...