Property

The debt crisis at Country Garden has raised fears of widening real estate sector woes.
China debt crunch

China's Country Garden to propose delaying $535m debt redemption

Embattled developer seeks to reach workout plan with creditors

20 August 2023
A construction site in Huai 'an in China's eastern Jiangsu province: China's vital real estate sector has come under financial strain recently. (Photo by CFOTO/Future Publishing via Getty Images)
China debt crunch

On topic: How bad off is China's property sector?

A collection of stories to catch up on a recent hot topic

19 August 2023
China's securities regulator plans to bolster trading in Hong Kong, a key gateway for foreign investors.
Markets

China proposes longer trading day, easier buybacks to end stock slump

Regulator also seeks to foster REIT market to stabilize property prices

19 August 2023
High rise construction sites rise in clouds of rolling mist in Bijie, Guizhou province on June 13. (Photo by CFOTO/Future Publishing via Getty Images)
China debt crunch

Evergrande shows China property 'zombification': 5 things to know

Struggling companies halting unfinished projects as market totters

18 August 2023
The Wangjing Soho Project In Beijing: Soho China reported a 93% on-year drop in its net profit in the first half of the year, adding to worries about the health of China's property sector
China debt crunch

China developer's profit falls 93% in fresh blow to property market

Soho China reveals 1H plunge hours after Evergrande seeks bankruptcy protection

18 August 2023
Evergrande sought protection under a U.S. Bankruptcy Code chapter that shields non-U.S. companies undergoing restructuring from creditors hoping to file suit or tie up assets in the U.S.
China debt crunch

China Evergrande files for bankruptcy protection in New York

Move comes amid growing fears that China's property-sector woes could spread

18 August 2023
This office building of more than 30 stories has been left unfinished and is occupied by a lone security guard. (Photo by Noriyuki Doi)
China debt crunch

Chinese buildings go unfinished as cash crunch hits local developers

Debt-laden local government financing vehicles face soaring bond yields

18 August 2023
China Evergrande Group holds 63% of the shares in Hengda Real Estate, its unlisted domestic property arm.
China debt crunch

Evergrande unit probed by Chinese securities watchdog

Unspecified allegations refer to a breach in disclosure rules

17 August 2023
Lahaina residents Nora Bulosan, right, and Hannah Tomas comfort each other as they and others gather in hope of getting access to their homes on Aug. 16.
Natural disasters

Hawaii governor vows to block land grabs as fire-ravaged Maui rebuilds

Death toll reaches 111 as investigation continues over cause of deadly blaze

17 August 2023
Purchasers of apartments at this unfinished condominium complex in Shanghai have threatened to boycott mortgage payments. (Photo by Noriyuki Doi)
Economy

China's growth model under strain, but stimulus faces high hurdles

Real estate slump, local fiscal woes and weak yuan put Beijing in a bind

17 August 2023
A worker walks on scaffolding at a construction site in Huai'an, China, in 2018: Residential housing prices are now falling across a broad swath of the country.
China debt crunch

China home price survey shows wider fall amid Country Garden woes

Prices dropped in 49 cities in July, 11 more than June, as market sentiment dims

16 August 2023
A real estate development in Kunming, in China's Yunnan province: Property investment in the country fell 8.5% in the first seven months of 2023 versus the previous year.
China debt crunch

China real estate slump deepens with 8.5% investment drop

January-July figure reflects 'difficulties' among developers as cash dries up

15 August 2023
Country Garden Holdings shares fell 18.4% to HK$0.80 on Monday.
China debt crunch

Chinese property shares tumble as Country Garden hits record low

Private real estate players suffer as state-backed names gain ground

14 August 2023
Country Garden Holdings, one of the largest Chinese developers by revenue, said it had missed an August 7 deadline for making $22.5 million in coupon payments on two U.S. dollar-denominated bonds. (Source photo by AP)
Market Spotlight

China property woes spread, adding to national economic gloom

Country Garden becomes latest big developer to miss bond payment

14 August 2023
The Indonesian real estate market is projected to achieve a compound annual growth rate of over 10% from 2022 to 2027, according to a report by Mordor Intelligence. (Source photo by Getty and logo from Lamudi's website)
DealStreetAsia

Real estate listing platform Lamudi Indonesia eyes acquisitions

CEO Mart Polman calls achieving scale 'critical' in property tech industry

8 August 2023
Japan's agriculture ministry will work to ascertain how much farmland is owned by foreigners in response to national and economic security concerns.
Property

Japan to monitor foreign ownership of farmland for security

Move follows discovery of Chinese land purchases in Okinawa

3 August 2023
An advertisement at a condominium project in the Tongling suburbs reads: "buy one floor, get one free." (Photo by Noriyuki Doi)
Property

'Buy one floor, get one free': China's real estate slump deepens

Cooling of key growth engine brings risks of debt overhang into focus

3 August 2023
Banks Standard Chartered, Hang Seng and HSBC all reported increases in second-quarter earnings. (Source photos by AP and Reuters) 
Property

HSBC, StanChart cut exposure to Chinese commercial real estate

Leading Hong Kong banks remain wary as Beijing moves to lift sector

1 August 2023
A government crackdown on speculation in China's real estate industry led to a deep slump.
Property

China aims to spur property purchases by current homeowners

Mortgage rates and down payments when moving in big cities to be lowered

29 July 2023
Travelers, among them migrant workers, wait at Xi'an railway station in northwest China's Shaanxi province, on Feb. 11.
Economy

China eases residential registration rules to boost growth

Cities hope that making it easier for migrants to settle will spur consumption

29 July 2023
The Evergrande group's Hengchi is one of scores of auto brands in China.
Companies

Evergrande EV unit shares drop 68% after 16-month suspension ends

Ailing Chinese property group's car brand lost $12bn in the past 2 years

28 July 2023
Share in Chinese property developer Country Garden Holdings jumped nearly 18% on July 25 after the China's leadership signaled support for the real estate industry.
Property

Chinese real estate stocks rally on stimulus hopes

Politburo signals support for property industry and consumer spending

26 July 2023
A construction site of an apartment under refurbishment in Beijing. China accounts for more than half of the world's cement production and consumption.
Materials

China's cement makers race to consolidate amid property woes

CNBM combines units as Beijing urges industry realignment

25 July 2023
Dalian Wanda Group will sell a 49% stake in its investment unit, which is a leading shareholder in movie theater operator Wanda Film, to raise funds for debt payments.
Business deals

Wanda Group sells $310m stake in investment unit to repay debt

Tencent-backed China Ruyi to acquire 49% of Beijing Wanda Investment

25 July 2023
An apartment complex under construction in Beijing: Some listed developers carry debt burdens so large they are doomed to delist.
Caixin

As China property crisis deepens, price falls spark delisting fear

Lack of access to equity capital limits financing and sullies reputations

18 July 2023