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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...

28 Feb Chinese developer Country Garden receives winding-up petition in Hong Kong over US$204 million loan

Posted at 01:40h in Asia

Embattled Chinese developer Country Garden faces a winding-up petition in Hong Kong, months after the company started what is expected to be the second-largest restructuring effort among its peers, following that of China Evergrande Group.Country Garden received a winding-up petition filed by Ever Credit, a...

China property: Sunac, Country Garden projects among property developments added to local governments’ ‘whitelists’, to get financial support from banks

05 Feb China property: Sunac, Country Garden projects among property developments added to local governments’ ‘whitelists’, to get financial support from banks

Posted at 07:33h in Asia

While Beijing-based Sunac had 90 projects cleared for loan applications on Monday, Shanghai-based developers Shimao and CIFI had 16 and 18 projects, respectively, added to whitelists over the past week, according to local media reports.Country Garden, once the mainland’s largest private property developer by sales,...

23 Jan China property: Country Garden auctioning US$530 million worth of assets in Guangzhou to overcome cash crunch, defaults

Posted at 05:43h in Asia

Embattled mainland Chinese developer Country Garden Holdings has put a chunk of assets on the block in Guangzhou in a bid to repay sizeable debt due within the next six months.The move comes on the heels of an agreement struck last week by the...

20 Jan China property: once-mighty developers strain for lifelines of state support after end of sector’s ‘golden age’

Posted at 02:00h in Asia

However, analysts warn that even the developers that make the list will find the coming years brutal. The landscape of the home-building business in China has been forever altered by the years-long liquidity crisis and a prolonged sales slump, analysts said. Now companies with partial...

16 Jan China’s Ping An Bank names 41 mainland developers in funding support list

Posted at 08:46h in Asia

Major Chinese lender Ping An Bank has put 41 developers on a list of property firms eligible for its funding support, a shift towards more lending to a sector in crisis following government steps to staunch the pain.The bank decided to adjust criteria related to...

country garden Tag

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

28 Feb Chinese developer Country Garden receives winding-up petition in Hong Kong over US$204 million loan

05 Feb China property: Sunac, Country Garden projects among property developments added to local governments’ ‘whitelists’, to get financial support from banks

23 Jan China property: Country Garden auctioning US$530 million worth of assets in Guangzhou to overcome cash crunch, defaults

20 Jan China property: once-mighty developers strain for lifelines of state support after end of sector’s ‘golden age’

16 Jan China’s Ping An Bank names 41 mainland developers in funding support list

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