Apartment towers under construction in the northern Chinese city of Tianjin.
Property

China home sales on track for first-ever multiyear decline

Uncertainty over jobs, income weighs on housing market

16 December 2023
China Evergrande Group announced its core domestic developer unit Hengda Real Estate Group agreed to sell its 30% stake in a joint venture project in Hongkou district in central Shanghai.  
China debt crunch

Evergrande to sell downtown Shanghai JV stake to state bank partner

Deal represents another prime asset disposal for cash-strapped developer

15 December 2023
 Shoppers stroll on Wangfujing shopping street in Beijing.
Economy

China's economy shows signs of growth on higher output, retail sales

Central bank pumps record level of liquidity into the banking system

15 December 2023
Country Garden's wholly owned subsidiary Gold Ease Global will sell its 1.79% holding in Zhuhai Wanda Commercial Management Group to Zhuhai Wanying Enterprise Management, a Dalian Wanda Group company. (Source photos by Reuters) 
China debt crunch

China's Country Garden to sell stake in Wanda unit for $432m

Deal struck between two major embattled Chinese developers

14 December 2023
Country Garden, China's biggest property developer, has averted a yuan debt default with a payment to bondholders.
China debt crunch

Chinese billionaire, other Country Garden execs cut pay to $16,000

Struggling developer makes onshore bond repayment as it restructures debt

14 December 2023
China's Dalian Wanda Group is rushing to sell assets to avoid default. (Photo by Kohei Fujimura)
China debt crunch

China's Dalian Wanda unloads businesses to skirt bankruptcy

Creditors extend repayment on $600m of bonds due in late January

13 December 2023
The headquarters of China Evergrande Group in Shenzhen. (Photo by Yusuke Hinata)
The Nikkei View

Beijing must act now on Evergrande crisis

China's real estate woes continue to weigh on economic recovery

13 December 2023
China faces a growing rivalry with the U.S. on semiconductors and other technology.
Supply Chain

China vows to beef up supply chains in 2024 for economic security

Key meeting also focuses on dealing with property crisis, local debt

13 December 2023
Waterfront Town is a project developed by Hohhot Chunhua Water Development Group. Falsified transaction deals for properties in the area were part of the massive graft.
Caixin

China's biggest graft case leads to death penalty for former official

Midlevel worker in Inner Mongolia stunned nation with alleged $420m illicit gains

12 December 2023
Singapore's commercial property investment volume declined 11%, year-on-year, to $2 billion in the third quarter of 2023. (Photo by Norman Goh)
Market Spotlight

From Singapore to South Korea, commercial property deals falter

Japan and India are bright spots, although most real estate investors remain wary

11 December 2023
Motorists cross an intersection along an Evergrande housing complex in Beijing, China, 31 October 2023.
China debt crunch

On topic: Will China's sprawling debt problem worsen?

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

9 December 2023
Hong Kong's property market continues to struggle as interest rates rise and capital flees in search of safer investments.
Caixin

Will Hong Kong's tax tweaks end its real estate slump?

Mainland Chinese hesitant to buy property in regional financial hub

8 December 2023
Chinese President Xi Jinping's administration is desperate to change the China-cratering narrative dominating global media coverage.
Opinion

China's property crisis won't be solved by just treating symptoms

More loans for developers will simply keep problems festering

7 December 2023
A high-rise project in Tianjin is abandoned partway through construction. Hidden debt has emerged as a major concern in China's struggling property sector. (Photo by Noriyuki Doi)
China debt crunch

China's hidden debt spurs warnings of more Moody's downgrades

Governing financing vehicles, banks and Hong Kong face outlook cuts

7 December 2023
A pedestrian walks past a real estate agency in Sydney's central business district on Nov. 15.
Politics

Australia's Albanese faces immigration heat as house prices soar

First-time buyers getting squeezed out of property market

6 December 2023
Vietnam's property sector is grappling with a $12.5 billion alleged bribery and embezzlement case that may be the country's biggest. (Photo by Lien Hoang)
Property

Vietnam's graft-plagued property sector seen recovering in 2024

Despite $12.5bn embezzlement case, factory land demand booming, estate agent says

6 December 2023
A housing exhibition in Guangzhou: Property buyers in the country are increasingly wary of developers who could renege on their promises. (Photo by Iori Kawate)
China debt crunch

China homebuyers shun presale deals on nondelivery fears

Shift to finished properties creates financial strain for developers

5 December 2023
Evergrande Group Chairman Xu Jiayin became China's richest person in 2017.
China debt crunch

Evergrande founder Xu Jiayin remains a local hero despite woes

Villagers in hometown of Jutaigang praise embattled mogul for giving back

5 December 2023
U.S.-based investor Ares Management oversees $395 billion in assets.
Finance

U.S. investor Ares to enter Japanese private equity, real estate

Tokyo office expected to open in 2024, CEO Arougheti says

5 December 2023
The Hong Kong High Court declared an adjournment in China Evergrande Group's winding-up petition hearing once again on Dec. 4.
China debt crunch

China Evergrande's offshore winding-up case adjourned yet again

Creditors say move is a surprise as Hong Kong court sets next hearing for Jan. 29

4 December 2023
Chinese property developer Gemdale has listed several projects in major cities for sale since November, sources tell Caixin.
Caixin

China developer Gemdale steps up asset sales as debt worries mount

Doubts over financial stability grow as liquidity dries up for Shanghai-traded company

3 December 2023
Construction work appears to have come to a halt some time ago on this building in a suburb of the northeastern Chinese city of Tianjin. (Photo by Iori Kawate)
China debt crunch

China's real estate slump shatters myth of ever-rising prices

Industry withers as people on the ground grope for a way out of crisis

2 December 2023
Unfinished residential buildings in Shaanxi province: As more developers run into trouble, the government should look to restructure their debts.
Opinion

China can contain its property market troubles

Stronger policy framework would reduce risk of further real estate bubbles

1 December 2023
This Mitsubishi Estate logistics center in Zama, Japan, will be one of the company's largest, with a floor space of 178,700 square meters. (Mitsubishi Estate)
Supply Chain

Mitsubishi Estate to triple logistics spending for batteries and self-driving

$3bn investment planned amid EV shift and looming driver shortage

1 December 2023
Seoul accounts for a large share of South Korea's population and economic activity. (Photo by Kotaro Hosokawa)
Economy

South Korea's 2024 GDP outlook downgraded for third time

Central bank now predicts 2.1% growth amid weak exports and consumption

1 December 2023