CHINA PROPERTY Tag

03 Mar China property: homeowners turn to social media to boost their chances of a quick sale in depressed market

Posted at 03:30h in Asia

Xue, who declined to provide his full name out of privacy concerns, told the Post that despite the flurry of inquiries, the flat has not yet found a buyer. He is, however, in negotiations over price with several potential buyers.The practice of bypassing the property...

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01 Mar China property sales fall in February, expectations grow purchase restrictions could be eased

Posted at 06:30h in Asia

Property sales in mainland China declined for the tenth straight month in February, as lower demand during the Spring Festival holidays weighed and expectations are the beleaguered sector’s woes will continue, pressured by low homebuyer confidence.China’s top 100 developers posted total contracted sales of 185.7...

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26 Feb Opinion | Amid a property market crisis, China’s commercial real estate has held up

Posted at 07:15h in Asia

Given such a bleak domestic and external backdrop, the strong performance of China’s commercial real estate investment market is a remarkable feat. According to data from MSCI, transaction volumes last year reached US$37.5 billion, the highest in Asia and slightly more than in Japan, the...

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23 Feb China’s home prices fall at a slower pace as Beijing steps in to resuscitate property sector

Posted at 07:26h in Asia

Home prices in mainland China fell in January, but the pace of decline slowed for both new and lived-in units amid persistent weakness in consumer sentiment, according to official data.Prices of newly built homes in 70 large and medium cities fell 0.37 per cent last...

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22 Feb Hong Kong developers Sino Land, Hysan expect last year’s ‘uncertainties’ to loom over city’s property sector this year as well

Posted at 12:35h in Asia

Sino Land said that its profit in the July-to-December period last year – the first six months of its financial year – rose 6.5 per cent to HK$2.6 billion (US$332 million) even as revenue fell by about 23 per cent to HK$4.92 billion. Its property...

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22 Feb Chinese developer Sunshine 100 says it is assessing impact of liquidation order against controlling shareholder Joywise Holdings

Posted at 11:30h in Asia

Embattled mainland Chinese property developer Sunshine 100 is evaluating the impact of a winding-up order for its controlling shareholder, whose beneficiaries include its chairman and executive director, according to a filing with the Hong Kong exchange.Sunshine 100 said it had recently been informed of the...

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18 Feb Philippines’ penchant for online shopping to lift Manila’s logistics property rents by up to 5% this year: Knight Frank

Posted at 23:30h in Asia

The Australian cities of Sydney and Brisbane rounded off the top three cities in Asia-Pacific, with year-on-year rents for industrial space gaining 16.7 per cent and 15.3 per cent, respectively, in 2023, according to the study, which tracked 17 cities in the region.Buildings in Makati...

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18 Feb Greater Bay Area property market to see brighter days ahead as synergies build in the 11-city bloc

Posted at 03:30h in Asia

Property markets in China’s Greater Bay Area will see an uptick in 2024, as businesses and communities find synergies within the 11-city economic powerhouse which has a GDP of US$2 trillion and a population of 86 million, experts say.While new home sales performance have remained...

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16 Feb Chinese builder Redsun Properties faces winding-up threat in Hong Kong as debt crisis goes from bad to worse

Posted at 08:00h in Asia

The debt crisis at Redsun Properties Group is going from bad to worse as it has missed payments on several offshore bonds since mid-2022 as China’s housing market struggles to overcome a three-year slump. Some bondholders have now moved to put the developer out...

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14 Feb Developer China South City stock sinks 20% in Hong Kong after warning of multiple bond defaults

Posted at 02:02h in Asia

Chinese developer China South City Holdings plunged 20 per cent to a new 52-week low after it warned last week that it would default on multiple bonds maturing this year.The Shenzhen-based company tumbled to HK$0.169 at 9.50am local time in Hong Kong from HK$0.212...

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