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China property

China property
China’s property market has surged in recent years. After prices jumped 25 per cent in 2009 alone, the central government imposed austerity measures, including lending curbs, higher mortgage rates and restrictions on the number of homes each family can buy.
Home buyers shop at a pre-sale property in Yangxin county, Binzhou city, in eastern China’s Shandong province, on February 23. Photo: CFOTO/Future Publishing via Getty Images
China economy

Opinion | China’s new property pivot is coming. Expect full stabilisation ahead

As property curbs to boost spending hit practical limits, a push to stabilise assets is now being seen as a prerequisite for consumer confidence.

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Shanghai

Expect no ‘systemic shock’ from Vanke’s ‘technical default’: HSBC

China exports

Why overseas residency is a ‘practical advantage’ for Chinese firms going global

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Retailing

Foreign, Hong Kong retailers shut mainland China stores amid fierce competition

High-profile store closures included those of Lane Crawford, Ikea, Triumph, Zara Home and Zara.

Lane Crawford plans to close its store in Chengdu after February 28. Photo: agirlaboutdesign.com
Hong Kong

China Vanke offshore creditors face near wipeout in Barclays worst-case scenario

British bank warns recoveries could fall below 1 per cent as restructuring priorities and access to assets remain uncertain.

Retailing

Furniture retailer Ikea to close 7 stores in China amid property market slump

The firm plans to open more than 10 small-format outlets in key cities over a two-year period.

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Mainland China

China’s developers diminish further amid unending property downturn

Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.

New construction rises in a residential area in Hangzhou, in eastern China’s Zhejiang province, on January 5, 2026. Photo: CFOTO/Future Publishing via Getty Images
Asia housing and property

The View | Will Hong Kong, mainland property see a recovery in 2026? Don’t bet on it

Tech-led resilience is not a cure for all the ills driving the underperformance of mainland Chinese and Hong Kong real estate.

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China economy

Property industry an enemy within for Beijing’s economic targets

Ripple effect from further downturn would threaten economic growth and put more developers, workers and even banks at risk, analysts warn.

Banking & finance

China’s wealthy swap real estate for insurance, gold as retirement looms

Declining returns on property are prompting China’s affluent to diversify their investments, including high-value insurance policies and gold.

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According to the National Bureau of Statistics, China’s new home prices in 70 cities fell by 2.2 percent year-on-year in September 2025, easing from a 2.5 percent decline in the previous month. Photo: EPA
China's economic recovery

No ‘piecemeal’ steps: Chinese journal urges more support for property sector

Top Communist Party journal calls on officials to roll out a stronger policy package in one go, rather than following ‘piecemeal-style’ approach.

People pass by half-finished buildings in Beijing. China’s property market has been mired in a downturn since 2021. Photo: EPA-EFE
China’s private sector

Small restaurants in China starve as consumers suppress spending appetite

Per-capita spending per meal has dropped nearly 24 per cent since 2023, data provider says, as property slump sows uncertainty.

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China economy

China housing market gets VAT relief on resales but demand outlook stays subdued

Policy lowering VAT to 3 per cent reduces seller costs but demand recovery is key to stabilising the housing sector, property agents say.

Mainland China

Beijing trims property resale tax in fresh push to stabilise housing market

Under new rules, sellers will pay just 3 per cent VAT if they offload a property within two years of purchase, down from 5 per cent.

Under new rules, individuals who sell a residential property within two years of buying it will pay VAT at 3 per cent instead of 5 per cent. Photo: Getty
Greater Bay Area

Greater Bay Area assets poised to lead surge in China’s expanding C-REIT market

By the end of last month, China had nearly 80 C-REITs, raising a total of over US$28.3 billion, according to Cushman & Wakefield.

A view of skyscrapers from a pedestrian bridge in Shenzhen, the southern tech hub in Guangdong province. Photo: Xinhua
Mainland China

Beijing municipality eases home purchase curbs to shore up sluggish market

China’s property sector, once a pillar of economic growth, has been on a downward trajectory since the second half of 2021.

Mainland China

China Jinmao sells 5-star Ritz-Carlton hotel in Sanya for US$322 million

Asset restructuring aims to boost liquidity as mainland China developers face a prolonged property downturn.

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Greater Bay Area

Hong Kong property prices stabilise as mainland China slump drags on

Hong Kong is drawing cautious interest from buyers, while markets such as Shenzhen remain weighed down by persistent price declines.

A property agent talks with customers at a property fair in Shenzhen, October 12, 2024. Photo: Reuters
China consumption

China vows city-specific fixes to clear housing glut, stabilise property sector

Housing minister pledges to empower local governments to buy unsold inventory and shift towards selling only finished homes with a ‘what you see is what you get’ model.

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Banking & finance

Billionaire detained in shadow banking scandal in China

Police in Zhejiang have imposed ‘criminal compulsory measures’ against Yu Faxiang and are conducting a probe into his alleged wrongdoings.

China Vanke

China Vanke wins bondholders’ reprieve, averts default for now

Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.

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Vanke is the last major Chinese real estate firm to so far have avoided reneging on its debts amid the multi-year real estate crisis. Photo: AFP
Banking & finance

China to hide bad debt records for pandemic-hit borrowers who repay small loans

New policy by the People’s Bank of China applies to one-off debts up to 10,000 yuan incurred since 2020, aiming to help people rebuild credit.

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The People’s Bank of China has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their financial standing. Photo: Reuters
Luxury brands

Why global luxury brands are switching to shopping streets in China

Luxury giants are transforming China’s retail scene, blending culture, cuisine and shopping in vibrant street-level destinations.

Trending in China

Chinese firm gifts renovated flats to employees after 5-year service to retain staff

All flats are located within 5km of the company and vary in size from 100 to 150 square metres.

Property policies

Opinion | China’s property market isn’t so much collapsing as being reconfigured

Viewing China’s real estate crisis solely through the lens of market indicators misses the deeper, structural shifts at play.

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Residential buildings by Chinese real estate developer Vanke under construction in Hangzhou, in eastern China’s Zhejiang province, on March 15, 2024. Photo: AFP
China consumption

From taboo to trendy: China’s second-hand luxury market cashes in on resale boom

Driven by an uneven recovery and property crisis, value-conscious shoppers are powering a second-hand boom as platforms use tech to verify authenticity and overcome stigma.

Illustration: Henry Wong
China Vanke

China Vanke’s managers have no plans to sell shares as firm fights for survival

Vanke, responding to queries from investors, says top managers have not notified it about their intentions so far.

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Bonds

China Vanke unveils proposal to extend US$366 million bond after 3 failed bids

Bondholders will vote on the revised plan from Thursday to Monday, and it requires over 90 per cent of the total voting rights to take effect.

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