Men work at a residential construction site in Beijing. China has unveiled a slew of measures to revive the country’s real estate sector. Photo: Reuters

Local Chinese governments’ unusual tactics to boost home sales fail to take off

Many initiatives by local Chinese governments to boost home sales like group buying in Guizhou and prioritising jobs for new graduates buying homes in Guangxi have found no success.

5 hours ago

Explainer | Top tips for expats looking to strike a rental deal in Hong Kong market

Expats should be open-minded and willing to compromise, say agents, with property typically smaller than in other markets.

Expats should be open-minded and willing to compromise, say agents, with property typically smaller than in other markets.

30 Jan 2023 - 10:59AM

Hong Kong builder pitches green, smart cachet to sell in wetland

Ecological conservation and smart technologies have helped Sun Hung Kai Properties sell more than 1,650 homes near Hong Kong’s Mai Po wetlands and generate over US$1.5 billion in revenue.

Ecological conservation and smart technologies have helped Sun Hung Kai Properties sell more than 1,650 homes near Hong Kong’s Mai Po wetlands and generate over US$1.5 billion in revenue.

27 Jan 2023 - 8:30AM

Hong Kong developers snap up mainland property assets but will trend continue?

It has been a good time to buy for Hong Kong developers amid a liquidity crisis on the mainland but analysts say it will still be tough to generate big returns until sentiment stabilises.

It has been a good time to buy for Hong Kong developers amid a liquidity crisis on the mainland but analysts say it will still be tough to generate big returns until sentiment stabilises.

25 Jan 2023 - 2:00PM

Hong Kong’s retailing faces a slow slog even as border opens

The recovery of Hong Kong’s retail market is likely to be slow and uncertain, as surging Covid-19 infections in mainland China and a huge supply glut limit any boost from the reopening of the border, according to industry leaders.

The recovery of Hong Kong’s retail market is likely to be slow and uncertain, as surging Covid-19 infections in mainland China and a huge supply glut limit any boost from the reopening of the border, according to industry leaders.

24 Jan 2023 - 11:28AM

MORE STORIES

Beijing has rolled out stimulus measures to prop up the property sector, which it sees as one of the key pillars of the country’s economic growth. Photo: Reuters

Property to play ‘diminished role’ in China’s growth as investment plunges

Property investment dropped 10 per cent to 13.29 trillion yuan (US$1.98 trillion) in China last year, the first time it has fallen since 1999, prompting analysts to warn its contribution to the economy is shrinking.

21 Jan 2023 - 3:11PM

Hong Kong property investment activity to bounce back in 2023, analysts say

Hong Kong’s property investment volume is expected to rise by up to 15 per cent this year from a 10-year low, as investors cautiously hunt bargains after significant price corrections amid rising interest rates, analysts said.

Hong Kong’s property investment volume is expected to rise by up to 15 per cent this year from a 10-year low, as investors cautiously hunt bargains after significant price corrections amid rising interest rates, analysts said.

20 Jan 2023 - 5:00PM

Hong Kong developers ‘to offer sweeteners’ to shift swollen inventory in 2023

With unsold stock of between 16,000 and 18,000 units, and new supply in the pipeline, about 45,000 new flats are likely to become available this year, says CBRE, roughly four times the number that sold in 2022.

With unsold stock of between 16,000 and 18,000 units, and new supply in the pipeline, about 45,000 new flats are likely to become available this year, says CBRE, roughly four times the number that sold in 2022.

19 Jan 2023 - 6:49PM

Chinese cities relax homebuying restrictions, offer subsidies to attract talent

Many mainland cities including Changsha and Nanjing have come with generous policies to help skilled immigrants buy new homes and spur economic growth.

Many mainland cities including Changsha and Nanjing have come with generous policies to help skilled immigrants buy new homes and spur economic growth.

19 Jan 2023 - 5:00PM

China bad-debt firms plan property support of up to US$24 billion

The PBOC will channel 80 billion yuan (US$11.8 billion) of loans to high-quality developers through the nation’s biggest bad-debt asset managers, with a similar amount to be matched by the distressed debt firms, according to sources.

The PBOC will channel 80 billion yuan (US$11.8 billion) of loans to high-quality developers through the nation’s biggest bad-debt asset managers, with a similar amount to be matched by the distressed debt firms, according to sources.

17 Jan 2023 - 10:05AM

China border reopening to boost demand for Hong Kong office space: analysts

The reopening of Hong Kong’s borders with mainland China and the rest of the world is likely to boost the take up of office space in the city, but rents are not expected to rise significantly, analysts said.

The reopening of Hong Kong’s borders with mainland China and the rest of the world is likely to boost the take up of office space in the city, but rents are not expected to rise significantly, analysts said.

15 Jan 2023 - 10:00AM

Dalian Wanda unit issues US dollar bond to raise US$400 million

A unit of Chinese conglomerate Dalian Wanda Group has issued an 11 per cent US$400 million bond, reversing market expectations about junk debt following a default crisis among indebted Chinese developers.

A unit of Chinese conglomerate Dalian Wanda Group has issued an 11 per cent US$400 million bond, reversing market expectations about junk debt following a default crisis among indebted Chinese developers.

13 Jan 2023 - 7:03PM

Embattled Goldin’s former Hong Kong HQ snapped up for ‘bargain’ US$713 million

Deal ends more than two years of legal wrangling over the 28-storey Goldin Financial Global Centre, while the price agreed on by PAG and Singapore’s Mapletree Investments is well below market value, PAG said.

Deal ends more than two years of legal wrangling over the 28-storey Goldin Financial Global Centre, while the price agreed on by PAG and Singapore’s Mapletree Investments is well below market value, PAG said.

12 Jan 2023 - 5:27PM

Greater Bay Area new-home sales to jump as much as 25 per cent in 2023

Transactions in the 11-city megalopolis will surge, especially in the second half of the year, and return nearly to pre-pandemic levels, according to Cushman & Wakefield. Meanwhile, the GBA accounts for a growing share of China’s commercial real estate investment.

Transactions in the 11-city megalopolis will surge, especially in the second half of the year, and return nearly to pre-pandemic levels, according to Cushman & Wakefield. Meanwhile, the GBA accounts for a growing share of China’s commercial real estate investment.

12 Jan 2023 - 8:53AM

Hong Kong withdraws Stanley plot after bids fail to meet reserve price

The biggest residential plot of land in Hong Kong’s southern Stanley district in two decades was withdrawn from sale by the government on Tuesday, after all four tenders failed to meet its reserve price.

The biggest residential plot of land in Hong Kong’s southern Stanley district in two decades was withdrawn from sale by the government on Tuesday, after all four tenders failed to meet its reserve price.

10 Jan 2023 - 8:51PM

China pledges lower mortgage rates to spark life into ailing property market

China has begun the new year by extending its policy of easing mortgage rates and pledging ‘strong support’ for first home purchases with the aim of turning the tide for its ailing property market.

China has begun the new year by extending its policy of easing mortgage rates and pledging ‘strong support’ for first home purchases with the aim of turning the tide for its ailing property market.

6 Jan 2023 - 3:04PM

Chinese developer defaults on bonds even with the state’s help

Chinese builders defaulted on a record amount of dollar bonds last year, fallout from a property-sector crackdown that left many builders with shrinking cash and fuelled more than a year of falling home sales.

Chinese builders defaulted on a record amount of dollar bonds last year, fallout from a property-sector crackdown that left many builders with shrinking cash and fuelled more than a year of falling home sales.

5 Jan 2023 - 12:39PM

Sunac gets lifeline as bondholders agrees to US$2.3 billion debt rollover

Sunac is buying an additional 3.5 years to repay local bondholders, a reprieve that may allow the developer to see out the current industry slump as Beijing turns more supportive of the players.

Sunac is buying an additional 3.5 years to repay local bondholders, a reprieve that may allow the developer to see out the current industry slump as Beijing turns more supportive of the players.

5 Jan 2023 - 11:34AM

Home sales slump may soon put paid to Chinese property stocks rally

The rally late last year came after the stock market regulator lifted a six-year ban on refinancing, and commercial banks ramped up lending to ease the industry-wide liquidity crunch.

The rally late last year came after the stock market regulator lifted a six-year ban on refinancing, and commercial banks ramped up lending to ease the industry-wide liquidity crunch.

5 Jan 2023 - 7:30AM

Chinese property shares surge on rumours of support for ‘healthy’ developers

The Shanghai Stock Exchange Property Index jumped 3.5 per cent on Wednesday as rumours emerged that the authorities are planning a raft of supportive measures for financially stable home builders.

The Shanghai Stock Exchange Property Index jumped 3.5 per cent on Wednesday as rumours emerged that the authorities are planning a raft of supportive measures for financially stable home builders.

4 Jan 2023 - 6:28PM