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China property

Dalian Wanda wins consent from bondholders to restructure US$600 million bond, weaken debt covenants

by Anas Siddiqui
Dalian Wanda wins consent from bondholders to restructure US0 million bond, weaken debt covenants

Dalian Wanda Commercial Management Group said its bondholders have given their consent to extend the maturity of a US$600 million bond by 11 months, giving one of China’s biggest commercial …

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Opinion: Unlike Japan, China’s property crisis won’t lead to lost decades

by Anas Siddiqui
Opinion: Unlike Japan, China’s property crisis won’t lead to lost decades

The roots of the bloated property sector can be traced back to the global financial crisis. In 2008, China introduced a 4 trillion yuan (US$586 billion) stimulus package. Coming after …

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Link Reit committed to China as it dismisses rumours of asset sales with Guangzhou mall opening

by Anas Siddiqui
Link Reit committed to China as it dismisses rumours of asset sales with Guangzhou mall opening

Link Reit, Asia’s largest real estate investment trust, has opened a renovated shopping mall in Guangzhou, a clear indication of its focus on mainland China, with a top executive firmly …

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China property distress drives up Asian junk bond default rates amid economic headwinds, liquidity challenges: Morningstar

by Anas Siddiqui
China property distress drives up Asian junk bond default rates amid economic headwinds, liquidity challenges: Morningstar

Asian bonds with credit ratings near distressed territory have grown as a proportion of the regional high-yield universe since mid-2021, according to a Morningstar report, primarily on account of China’s …

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China’s property crisis: Shenzhen cuts down payments for second-home buyers, joining fray of cities trying to revive demand

by Anas Siddiqui
China’s property crisis: Shenzhen cuts down payments for second-home buyers, joining fray of cities trying to revive demand

Authorities in Shenzhen, China’s technology hub, are reducing the down payment required from people buying a second home, joining a fray of big cities paring back restrictions in a bid …

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Unit of Chinese developer Dalian Wanda seeks to delay payment on US$600 million bond due in January

by Anas Siddiqui
Unit of Chinese developer Dalian Wanda seeks to delay payment on US0 million bond due in January

A key unit of Dalian Wanda Group, one of China’s biggest commercial property developers, is seeking to delay payment on a dollar bond maturing next year, as the country’s property …

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Sunac China’s shares soar after property developer says debt restructuring conditions ‘satisfied’

by Anas Siddiqui
Sunac China’s shares soar after property developer says debt restructuring conditions ‘satisfied’

Sunac China’s shares soared in Hong Kong after the troubled developer said it had satisfied conditions for a long-awaited offshore debt restructuring deal – the first of its kind since …

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China’s home rental market primed for growth as high interest rates, stuttering economy shift demand from buying to leasing: JLL report

by Anas Siddiqui
China’s home rental market primed for growth as high interest rates, stuttering economy shift demand from buying to leasing: JLL report

The multifamily market penetration rate in Shanghai – its share of the entire rental sector – is tipped to surge to 15 per cent by 2030 from 5 per cent …

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China property crisis: developers in Shanghai offer sweeteners such as deferred down payments, free parking spaces to boost flagging sales

by Anas Siddiqui
China property crisis: developers in Shanghai offer sweeteners such as deferred down payments, free parking spaces to boost flagging sales

In the past, home buyers were normally required to make a full down payment within seven days to two weeks of subscription. It was rare for buyers to negotiate with …

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No end in sight to China’s property crisis as new home prices post sharpest decline since February 2015

by Anas Siddiqui
No end in sight to China’s property crisis as new home prices post sharpest decline since February 2015

Home prices in major Chinese cities fell for the fourth straight month in October, recording the steepest drop in nearly nine years, as demand continues to slump despite measures to …

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