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China property

Luxury properties defy China’s slumping home sales as big-city buyers splash out

by Anas Siddiqui
Luxury properties defy China’s slumping home sales as big-city buyers splash out

China’s premium property market is in the midst of a recovery despite the gloomy mass market, as two luxury projects in Shanghai sold out soon after they were launched over …

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Beike’s second-quarter profit jumps 13.9% in surprise defiance of China’s property slump

by Ron Morgan
Beike’s second-quarter profit jumps 13.9% in surprise defiance of China’s property slump

KE Holdings, the operator of one of China’s largest real estate brokerage networks, posted a surprise growth in its second-quarter profit as its Beike chain of sales agents handled more …

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Greater Bay Area home sales surged in June after property market rescue package

by Anas Siddiqui
Greater Bay Area home sales surged in June after property market rescue package

Cushman expects some 180,000 new homes to change hands in the second half of the year, up from 133,000 in the first six months. This would further narrow the annualised …

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Hong Kong court pushes Kaisa’s liquidation case to August 12, giving developer a breather

by Anas Siddiqui
Hong Kong court pushes Kaisa’s liquidation case to August 12, giving developer a breather

Indebted Chinese developer Kaisa Group Holdings was granted another reprieve after a Hong Kong court on Monday adjourned a hearing, allowing the company more time to restructure its debts. The …

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China property recovery elusive despite relief, say S&P, Fitch; others see bright spots

by Anas Siddiqui
China property recovery elusive despite relief, say S&P, Fitch; others see bright spots

Beijing’s most ambitious attempt yet to support China’s slumping property market was panned by S&P Global and Fitch Ratings, as the two agencies predict more downside for the crisis-hit sector, …

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China’s rural-urban divide, tax system weigh down economic potential, former official says

by Anas Siddiqui
China’s rural-urban divide, tax system weigh down economic potential, former official says

The third plenum of the Central Committee of China’s Communist Party, scheduled for next month, is expected to set the tone for the country’s economic policy for the next several …

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Chinese equities can soar even with a property crisis on, spot-on stock picker says

by Anas Siddiqui
Chinese equities can soar even with a property crisis on, spot-on stock picker says

Chinese stocks do not need a turnaround in property prices to chalk up further gains despite an entrenched bearish consensus that says they do, according to a top market strategist …

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China’s new home prices in May saw sharpest fall in nearly 10 years despite rescue package

by Anas Siddiqui
China’s new home prices in May saw sharpest fall in nearly 10 years despite rescue package

New home prices in China extended a decline in May, falling by the most in nearly 10 years as a massive rescue package has yet to make an impact. Prices …

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Chinese home rentals platform Ziroom taps ‘huge demand’ for student digs abroad

by Anas Siddiqui
Chinese home rentals platform Ziroom taps ‘huge demand’ for student digs abroad

“More families in China have hopes that their children will have experience studying or living overseas, and some Chinese brands dispatch their staff overseas as they expand globally,” said Meng …

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China’s central bank backs Beijing’s property destocking plan as housing sales crawl

by Anas Siddiqui
China’s central bank backs Beijing’s property destocking plan as housing sales crawl

China’s central bank has backed the government’s plans to use public resources to absorb the nation’s unsold homes as it moves to remove an inventory overhang in the world’s largest …

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