China’s developers, among the world’s most indebted because of their borrow-to-build business model, had been caught in a tightening credit squeeze, as 2021 looks to be another record year of bond defaults.
China’s developers, among the world’s most indebted because of their borrow-to-build business model, had been caught in a tightening credit squeeze, as 2021 looks to be another record year of bond defaults.
China’s government, harking to its socialist roots, is anxious to make housing affordable to young families particularly during politically significant periods such as the ruling Communist Party’s centenary in 2021.
A third of Chinese property developers have junk-rated debt and could face a strain on their liquidity as conditions deteriorate and a massive pile of debt comes due next year, according to S&P.
A third of Chinese property developers have junk-rated debt and could face a strain on their liquidity as conditions deteriorate and a massive pile of debt comes due next year, according to S&P.
Lived-in homes prices fell 0.4 per cent in September, the most since October 2020, with market observers blaming the slump on weakening stock market sentiment.
Lived-in homes prices fell 0.4 per cent in September, the most since October 2020, with market observers blaming the slump on weakening stock market sentiment.
The small plot, worth an estimated HK$900 million, is the first in Repulse Bay to come up for government tender in nine years and is likely to attract the attention of developers, according to analysts.
The unchanged policy focuses the spotlight on Chief Executive Carrie Lam Cheng Yuet-ngor when she is widely expected to deliver a blueprint to boost land supply and alleviate housing shortage in her final policy address on October 6.
The unchanged policy focuses the spotlight on Chief Executive Carrie Lam Cheng Yuet-ngor when she is widely expected to deliver a blueprint to boost land supply and alleviate housing shortage in her final policy address on October 6.
As many as 10,000 new flats may become available for sale in the fourth quarter in Hong Kong, after Carrie Lam Cheng Yuet-ngor, the city’s leader, unveils a widely expected blueprint for increasing land supply on October 6.
As many as 10,000 new flats may become available for sale in the fourth quarter in Hong Kong, after Carrie Lam Cheng Yuet-ngor, the city’s leader, unveils a widely expected blueprint for increasing land supply on October 6.
Lived-in home prices retreated in August for the first time this year from an all-time high. Analysts blamed it on concerns surrounding negative wealth effect and policy curbs.
Lived-in home prices retreated in August for the first time this year from an all-time high. Analysts blamed it on concerns surrounding negative wealth effect and policy curbs.