property market Tag

09 Apr China pledges US$69 billion in credit backing for tech after resurrecting dormant financial tools

Posted at 03:00h in Asia

The refinancing will cover 60 per cent of the principal for qualifying loans to tech-based small and medium-sized enterprises, and can be extended twice for an additional year each time, the central bank said in an online statement.“[The loans] will guide financial institutions to provide...

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03 Apr Hong Kong property agencies Centaline, Midland forecast property sales hitting 10-month high in March

Posted at 00:30h in Asia

Hong Kong property sales are expected to hit a 10-month high in March following the removal of all of the city’s property cooling measures, two leading property agencies said.Midland Realty and Centaline Property Agency, two of Hong Kong’s largest real estate agencies, said the total...

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02 Apr China property: second-hand home prices slip again with Beijing, Shanghai among market casualties

Posted at 05:55h in Asia

China’s troubled property market is showing no sign of recovery after a two-year slump in home prices in major cities stretched into last quarter, suggesting buyers are waiting to see more cracks in the market while developers fend off one crisis after another. Beijing and...

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31 Mar Hong Kong property: Li Ka-shing’s CK Asset lists another 110 flats at Blue Coast after 8,000 buyers jump at first 138

Posted at 07:39h in Asia

CK Asset Holdings, the flagship property developer of Hong Kong billionaire Li Ka-shing, is putting another 110 units at its Blue Coast project on the market after buyers enthusiastically oversubscribed the development’s first batch of flats.The new list includes 20 two-bedroom units and 90 three-bedrooms...

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27 Mar Distressed Chinese developer Country Garden downplays hiring New York-based Kroll for liquidation analysis

Posted at 11:02h in Asia

Embattled Chinese property developer Country Garden Holdings downplayed the possibility of a liquidation after it hired a financial advisory firm to assess the amount of money creditors could recover in such an event.“Hiring an independent third party to perform a hypothetical liquidation analysis has no...

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26 Mar China Resources Land posts 11.7% profit increase, sees stability ahead for property sector thanks to policy support

Posted at 06:00h in Asia

China’s troubled property market is on track for a gradual return to stability despite the many challenges it still faces, China Resources Land said as it posted another profitable year in 2023, extending its streak through all crises since at least 1997.Earnings at the nation’s...

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15 Mar China struggles to arrest a 9-month slide in new home prices as cash squeeze among big developers keeps buyers on sidelines

Posted at 05:38h in Asia

Home prices in China fell for the ninth month in February, suggesting weak underlying demand and confidence among consumers despite measures by authorities to loosen buying restrictions and boost lending to struggling developers.Prices of new homes in 70 medium and large cities fell 0.4 per...

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11 Mar No relief yet for China’s housing market with excess supply in secondary market, weak price guidance in new projects

Posted at 04:32h in Asia

China’s housing market is seen under more pressure this year, plagued by excess supply in the secondary market as desperate homeowners look to cash out. Prices may need to drop further, with buyers waiting for bigger discounts amid an economic gloom, industry analysts said.Listings of...

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04 Mar Mainland Chinese buyers thronging to Hong Kong property sales in search of returns after removal of curbs, industry insiders say

Posted at 23:30h in Asia

In last week’s Hong Kong budget, Financial Secretary Paul Chan Mo-po scrapped decade-old property market curbs in an effort to revive the city’s struggling real estate sector. For instance, home prices declined for a ninth consecutive month in February, resulting in the official home price...

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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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