News

News updated on 30 September 2021

• Lendlease opens its first senior living community in China – www.edgeprop.sg
• China urges banks to avoid housing speculation to curb Evergrande risk – realty.economictimes.indiatimes.com

News updated on 28 September 2021

• China’s Housing Bubble Puts All Other Housing Bubbles to Shame – www.bloomberg.com

News updated on 25 September 2021

• Lukewarm China land sales signal impact of property crackdown – www.businesstimes.com.sg

News updated on 24 September 2021

• China's housing sector risks falling into bear market, Citi says Data this month showed home sales by value dropped 20 per cent in August. Data this month showed home sales by value dropped 20 per cent in August.PHOTO: EPA-EFE PUBLISHEDSEP 24, 2021, 12:26 PM SGT FACEBOOKWHATSAPPTWITTER HONG KONG (BLOOMBERG) - China's home prices are at risk of "meaningful downside" regardless of what happens to China Evergrande Group, according to Citigroup analysts, in what would be a further drag on the country's economic growth. "It seems clear that even in an orderly restructuring, the property sector in China is likely to face downside pressures," wrote analysts including Mr Dirk Willer in a note dated Thursday (Sept 23). "While the authorities try to limit lower real estate prices due to fire sales by Evergrande by implementing price floors, price controls typically do not work." The note was titled A Bear Market In Chinese Property. ADVERTISING Evergrande, the world's most indebted developer, has yet to say whether it paid interest due on Thursday to holders of its United States dollar bonds. The company will then have a 30-day grace period to make the payment before a technical default may be declared. Financial regulators in Beijing have encouraged Evergrande to take all measures possible to avoid a near-term default on dollar bonds, though investors are pricing in a debt restructuring. Slowing China's housing market is one of the many campaigns being waged by President Xi Jinping as he seeks to reduce the cost of raising a family and cut leverage in the financial system. Yet it is also one of the toughest goals to achieve given the vital importance of the sector to the economy - the industry accounts for almost 30 per cent of gross domestic output and 40 per cent of household assets. Data this month showed home sales by value dropped 20 per cent in August, while prices in the secondary market dropped for the first time since February last year. Concern is growing that the impact of such policies spiral out of control. China needs to ease pressure on indebted developers before the pain inflicted on Evergrande spreads too far and undermines the economy, Bank of America economists said earlier this month. Nomura Holdings sees property curbs accounting for more than half of China's growth slowdown in the second half of the year. While Beijing has multiple options to support property if needed - and some analysts say it is too early to reverse course - Citigroup says previous policies like loosening restrictions on second-time home buyers may not be effective. That is because of weaker demand and a more saturated market - in other words, plenty of people already have multiple homes and will not want another. The fallout would be most pronounced in global commodity markets, as well as emerging-world credit and currencies, according to Citigroup's simulation based on China's last severe property downturn in 2014. "We fear that the China slowdown will eventually have an impact on commodities, which are a key economic driver for many EM (emerging market) economies," wrote the Citigroup analysts. MORE ON THIS TOPIC Evergrande bondholders in limbo over debt resolution; its shares and bonds slide How China Evergrande's debt troubles pose a systemic risk Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month* for the first 3 months Subscribe Now * Terms and conditions apply Join ST's Telegram channel here and get the latest breaking news delivered to you. 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These 6 food trends will shape Asia’s future. Get the report.Ad Healthy food will be king. These 6 food trends will shape Asia’s future. Get the report. https://www.theasiafoodchallenge.com/ THE STRAITS TIMES Available for iPhones and iPads Available in Google Play BACK TO THE TOP E-paper Facebook Instagram Twitter Podcasts RSS Feed Telegram Youtube SINGAPORE ASIA WORLD OPINION LIFE BUSINESS TECH SPORT VIDEOS PODCASTS MULTIMEDIA Terms & Conditions Data Protection Policy Need help? Reach us here. Advertise with us Sign up for our daily newsletter Enter your e-mail Sign up More newsletters By registering, you agree to our T&C and Privacy Policy. SPH Digital News / Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn. No. 198402868E. All rights reserved – www.straitstimes.com
• Chinese banks try to calm fears about developer's debts – www.taiwannews.com.tw

News updated on 23 September 2021

• FLORENTIA VILLAGE EXPANDS IN SHANGHAI, CHENGDU IN RETAIL RAMP-UP – www.mingtiandi.com

News updated on 22 September 2021

• Home-Buying Boom Drove the Value of Global Real Estate Assets up 5% in 2020 – www.mansionglobal.com

News updated on 21 September 2021

• Evergrande Crisis Shows Cracks in China’s Property Market – www.nytimes.com

News updated on 19 September 2021

• Chinese housing giant unable to pay debts and could wreck global economy – www.nzherald.co.nz
• Evergrande begins repaying wealth product investors with property – www.reuters.com
• Evergrande is an economic time bomb for China and potentially Australia – www.news.com.au
• CK ASSET SELLING COMMERCIAL TOWER IN SHANGHAI’S JING AN DISTRICT TO HYSAN FOR $540M – www.mingtiandi.com

News updated on 18 September 2021

• How Beijing’s Debt Clampdown Shook the Foundation of a Real-Estate Colossus – www.wsj.com
• Teetering property developer Evergrande sparks contagion fears for China's economy – www.cbc.ca
• A 'China Shock' to home prices: U.S. Federal Reserve study – www.nsnews.com

News updated on 17 September 2021

• China's Nightmare Evergrande Scenario is an Uncontrolled Crash – www.bloomberg.com
• China’s nightmare Evergrande scenario is an uncontrolled crash – www.japantimes.co.jp
• A property titan in crisis: What went wrong at China’s Evergrande and what's next – www.channelnewsasia.com
• At unfinished Evergrande apartments in central China, buyers seek answers – finance.yahoo.com
• China’s embattled developer Evergrande is on the brink of default. Here’s why it matters – www.cnbc.com
• China’s nightmare Evergrande scenario is an uncontrolled crash – economictimes.indiatimes.com
• Why the Fate of Troubled Property Developer Evergrande Group Is Posing a Huge Headache for China – time.com
• China’s Property Problems Go Beyond Evergrande. Real Estate Stocks Take a Beating. – www.barrons.com

News updated on 16 September 2021

• China's real estate investment growth slows in Jan-Aug, new construction down 3.2% – www.steelorbis.com

News updated on 15 September 2021

• China Goes Cold Turkey on Property – www.wsj.com
• Growing Signs Suggest China May Launch Countrywide Property Tax – www.sixthtone.com
• China’s Property Curbs Send Economic Tremors – www.wsj.com
• Has China’s Housing Crisis Finally Arrived? – foreignpolicy.com
• Chinese land auction blunder undercuts Xi’s inequality crusade – www.ft.com
• Chinese property developer’s debt struggle rattles investors – apnews.com

News updated on 14 September 2021

• China’s architects take aim at sustainable green projects to meet 2060 net zero target – www.globaltimes.cn

News updated on 11 September 2021

• Blackstone scraps $3bn takeover of property giant Soho China – news.yahoo.com

News updated on 9 September 2021

• China property market rocked as Evergrande struggles to repay $300bn debts – www.theguardian.com
• China Evergrande crisis means suppliers get paid in unbuild properties – www.straitstimes.com

News updated on 8 September 2021

• China Property Crackdown Alarms Analysts as Economic Risks Grow – in.investing.com
• China property crackdown alarms analysts as economic risks grow – www.straitstimes.com

News updated on 7 September 2021

• Shenzhen homebuyers look forward to cheaper apartments after city lowers cap on land and home prices – www.scmp.com
• Where others fear to tread, China may succeed in cooling its property market – www.scmp.com
• China’s Educational Crackdown Hits Apartment Prices in Its Biggest Cities – www.wsj.com
• Chinese Developer Oceanwide Weighs Office Sale for $3 Billion – www.bloomberg.com

News updated on 6 September 2021

• China's property bubble may be about to burst, and it could cost Australia dearly – www.abc.net.au
• Evergrande: China's fragile housing giant – today.rtl.lu
• Parkson pulls out of property development JV in China due to absence of suitable land – www.theedgemarkets.com
• Making housing healthy for common prosperity – global.chinadaily.com.cn

News updated on 4 September 2021

• China’s bid to stabilise its property market is causing jitters – www.economist.com
• Evergrande property sales drop 26% as China market cools – www.businesstimes.com.sg

News updated on 3 September 2021

• China's retail property market still a popular investment destination – www.ecns.cn

News updated on 2 September 2021

• Chinese wealth manager Hywin will reduce reliance on property - CFO – www.reuters.com

News updated on 1 September 2021

• Tycoon makes executives sign pledges to assure buyers that Evergrande can deliver homes even with US$305 billion of debt – www.scmp.com

News updated on 31 August 2021

• China seeks to cap rising home rents in latest equality move – www.straitstimes.com
• China to cap annual urban rent increases at 5 per cent to rein in runaway prices and make homes affordable to job seekers – www.scmp.com
• Dongguan upstages Shenzhen and richer cities with first joint-ownership plan to ease China’s housing market pain – www.scmp.com

News updated on 26 August 2021

• Growth in China's home prices set to slow in 2021 on policy curbs - Reuters poll – www.channelnewsasia.com
• Covid Migration Continues, China’s Housing Market to Slow More Than Expected, and More – www.mansionglobal.com

News updated on 20 August 2021

• Two Chinese cities warn online property platforms not to hype homes – finance.yahoo.com

News updated on 16 August 2021

• China struggles to fill up skyscrapers as 'work from home' trend rises Read more At: https://www.aninews.in/news/world/asia/china-struggles-to-fill-up-skyscrapers-as-work-from-home-trend-rises20210816161703/ – www.aninews.in

News updated on 15 August 2021

• China's new home prices growth slows in July – leaderpost.com
• Are co-living spaces making a comeback in Hong Kong? The millennial property trend hits China as young professionals seek flexible short-stays and communal lifestyles – www.scmp.com

News updated on 14 August 2021

• Hong Kong retailers get the shivers as Shenzhen explores idea for downtown duty-free zone to draw mainland shoppers – www.scmp.com
• China halts approvals of residential real-estate funds – www.taipeitimes.com

News updated on 13 August 2021

• China halts private equity fund investment in residential property – www.thestandard.com.hk
• Shanghai to build 220,000 rental homes in next five years to meet surging demand from young professionals, tame soaring house prices – www.scmp.com

News updated on 12 August 2021

• Global investors bet on China's rental property amid shifting political winds – www.taiwannews.com.tw
• Greater Bay Area commercial real estate market turns vibrant – www.taiwannews.com.tw

News updated on 11 August 2021

• Alibaba affiliate Ant Group pays US$202 million for second plot of land in its hometown of Hangzhou – www.scmp.com
• Chinese Cities Suspend Centralized Land Sales, Auction Rules Set to Tighten – www.yicaiglobal.com

News updated on 10 August 2021

• Swire to turn Zhangyuan's shikumen cluster into Shanghai's Covent Garden or Omotesando in massive urban revival project – www.edgeprop.sg
• Evergrande Went From China’s Biggest Developer to One of Its Worst Debtors – www.nytimes.com
• Why China Could Be Serious About a Property Tax Now – www.washingtonpost.com

News updated on 6 August 2021

• Why China Could Be Serious About a Property Tax Now – www.bloomberg.com

News updated on 4 August 2021

• China’s crackdown on housing speculation levels the playing field, major Asian real estate group says – www.cnbc.com

News updated on 3 August 2021

• China Cracks Down On Real Estate Industry So That Families Can Afford Housing – www.dailywire.com

News updated on 1 August 2021

• China new home price growth slows in July: Private survey – www.channelnewsasia.com

News updated on 30 July 2021

• As Real Estate Prices Soar in China, Get Exposure While It Lasts With CHIR – www.nasdaq.com
• China's housing ministry moves to stabilize city real estate – news.cgtn.com

News updated on 29 July 2021

• Keppel divests Chengdu Shengshi Jingwei Real Estate for $324 mil – www.theedgesingapore.com
• KEPPEL SELLING CHENGDU PROJECT TO VANKE FOR $239M AND MORE ASIA REAL ESTATE HEADLINES – www.mingtiandi.com

News updated on 28 July 2021

• China’s Escalating Property Curbs Underline Xi’s New Priority – businesshala.com
• China's escalating property curbs point to Xi's new priority – www.straitstimes.com

News updated on 27 July 2021

• China’s Escalating Property Curbs Point to Xi’s New Priority – www.bloomberg.com

News updated on 26 July 2021

• Keppel DC Reit to acquire China data centre for 635.9m yuan, posts 12.5% H1 DPU growth – www.businesstimes.com.sg

News updated on 23 July 2021

• China to intensify real-estate market regulation – www.bignewsnetwork.com

News updated on 21 July 2021

• From Sydney to Shanghai: China’s luxury retirement homes draw millions from investors – www.smh.com.au

News updated on 19 July 2021

• China's luxury retirement homes draw millions from investors – www.straitstimes.com
• China Evergrande dives as property sector worries deepen – www.reuters.com

News updated on 16 July 2021

• China Real-Estate Investment Cooled in 1st Half – www.hellenicshippingnews.com
• China Home Price Growth slows Under Tougher Mortgage Borrowing – www.bloomberg.com
• China property investment growth slows in H1 – finance.yahoo.com
• China to order developers to disclose commercial paper debt every month: Sources – www.straitstimes.com

News updated on 14 July 2021

• Home sales in China are slowing down due to longer mortgage approval times as Beijing seeks to calm growth – www.edgeprop.sg

News updated on 12 July 2021

• New directions in real estate practice – news.mit.edu

News updated on 10 July 2021

• Home sales in China are slowing down due to longer mortgage approval times as Beijing seeks to calm growth – www.scmp.com

News updated on 5 July 2021

• Chinese Regulator Attempts to Calm Housing Bubble Before US Raises Interest Rates – www.theepochtimes.com

News updated on 2 July 2021

• China June rentals surge as record numbers of college leaver .. Read more at: http://timesofindia.indiatimes.com/articleshow/84062400.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst – timesofindia.indiatimes.com

News updated on 30 June 2021

• CORRECTED-Warburg Pincus steps up investment in China's urban renewal projects – finance.yahoo.com

News updated on 28 June 2021

• Singapore’s CapitaLand To Sell Stakes In Six Shopping, Office Buildings Across China For $7.2 Billion To Ping An – www.forbes.com

News updated on 24 June 2021

• Shanghai's hottest commodity is pre-owned flats as price curbs on new projects lead to scramble in secondary market – www.edgeprop.sg
• Shanghai's hottest commodity is pre-owned flats as price curbs on new projects lead to scramble in secondary market – www.edgeprop.sg

News updated on 22 June 2021

• Shanghai’s hottest commodity is pre-owned flats as price curbs on new projects lead to scramble in secondary market – www.scmp.com

News updated on 21 June 2021

• China's first REITs make solid debut in Shanghai and Shenzhen – www.reuters.com

News updated on 20 June 2021

• A tall tale: 10-storey building in China constructed within 28 hours – www.indiatoday.in

News updated on 19 June 2021

• High cost of living under the spotlight in Shanghai after 39 tenants found in a three-bedroom flat – www.scmp.com
• The New Test for Central Bankers’ Cool: Booming House Prices – www.wsj.com

News updated on 18 June 2021

• Beijing once again warns investors against betting on China's red-hot residential property market – www.edgeprop.sg
• Guangzhou property market hit by double whammy of tightened policies, outbreak of Covid-19's delta variant – www.edgeprop.sg
• As speculation is reined in, homes become costlier, but not by much – global.chinadaily.com.cn
• Beijing once again warns investors against betting on China's red-hot residential property market – www.edgeprop.sg

News updated on 17 June 2021

• China’s Home Prices Climb Further as Undersupply Outweighs Curbs – www.bloomberg.com

News updated on 16 June 2021

• Blackstone offers HK$23.7b for majority of Soho China – www.businesstimes.com.sg
• China's May property investment growth slows as curbs bite – www.channelnewsasia.com

News updated on 9 June 2021

• Three-child policy: China’s median home size may have to grow by a third to 120 square metres to house larger families – www.scmp.com

News updated on 8 June 2021

• China Puts a Roof on Housing Prices to Contain a Red Hot Property Market – www.wsj.com

News updated on 5 June 2021

• LINK REIT BUYING GUANGZHOU MALL FOR $501M – www.mingtiandi.com
• Rise in mortgage rates expected to tame prices – global.chinadaily.com.cn

News updated on 4 June 2021

• What to expect as China’s residential property market seeks a soft landing – www.scmp.com

News updated on 1 June 2021

• Growth in China home prices to sustain momentum in 2021: Reuters poll – www.channelnewsasia.com

News updated on 27 May 2021

• China to launch infrastructure REITs worth $4.9bn – www.pinsentmasons.com

News updated on 26 May 2021

• China’s census suggests property boom days may be over – www.scmp.com

News updated on 25 May 2021

• China's Largest Listed Property Manager Raises $2 Billion – www.bloomberg.com

News updated on 23 May 2021

• New Home Prices in China Climb Again In April – californianewstimes.com

News updated on 22 May 2021

• Chinese banks raise mortgage rates, helping to rein in runaway prices that puts housing affordability further out of reach – finance.yahoo.com
• New home prices in China spike again, defying government – therealdeal.com

News updated on 19 May 2021

• China to Launch $4.9 Billion of REIT Products in Pilot – www.bloomberg.com
• China authorities evacuate, investigate shaking skyscraper – abcnews.go.com

News updated on 18 May 2021

• China’s home prices on sharp rise in April – www.thestar.com.my

News updated on 17 May 2021

• China's housing market 'out of control' as prices climb further – www.straitstimes.com

News updated on 16 May 2021

• China urged to push ahead with controversial property tax as 'inevitable' solution to local debt crisis – finance.yahoo.com
• China urged to push ahead with controversial property tax as 'inevitable' solution to local debt crisis – finance.yahoo.com

News updated on 13 May 2021

• China signals possible introduction of national property tax – www.businesstimes.com.sg
• Boston Properties: Optimistic Prospects Plus A Discount – seekingalpha.com

News updated on 10 May 2021

• Rosewood signs for new property in Hangzhou – www.breakingtravelnews.com

News updated on 7 May 2021

• Shenzhen luxury home price growth beats Hong Kong, London, New York and Paris as China’s post Covid-19 economic surge continues – www.scmp.com
• Analysis: Why Alibaba ditched new property venture – asia.nikkei.com
• Analysis: Why Alibaba ditched new property venture – asia.nikkei.com
• Averaage new home prices in 100 Chinese cities rise slightly in April – www.steelorbis.com

News updated on 6 May 2021

• China's major property sales brokers will drive small agents out of business amid surge in fundraising, says Fitch – finance.yahoo.com
• Luxury real estate prices around the world are rising at their fastest rate since 2017 - and Asian cities are leading the charge – www.businessinsider.in

News updated on 1 May 2021

• China's April home prices maintain momentum, smaller cities lead growth - private survey – finance.yahoo.com

News updated on 30 April 2021

• Beijing’s Squeeze on Fragile Real-Estate Developers Is Getting Real – www.wsj.com

News updated on 28 April 2021

• CapitaLand to acquire its first hyperscale data centre campus in China for $757.7 million – www.straitstimes.com

News updated on 26 April 2021

• Shenzhen to step up land supply after Chinese Vice-Premier Han Zheng stresses need to address housing shortage – www.scmp.com

News updated on 25 April 2021

• For China's property developers, Hong Kong is becoming Shenzhen's backyard – www.foxbusiness.com

News updated on 23 April 2021

• China's Cifi Seeks to List Home Rental Arm After Boosting Assets – www.bloomberg.com

News updated on 21 April 2021

• Hong Kong residents spend $4.76 billion on properties in Greater Bay Area in 2020 – www.globaltimes.cn
• China consumer groups urge Evergrande to provide home buyers with proper contracts – realty.economictimes.indiatimes.com

News updated on 19 April 2021

• China's real estate market strong in Q1 despite slower growth in March – www.steelorbis.com

News updated on 16 April 2021

• China January-March property investment up 25.6% y/y – finance.yahoo.com

News updated on 15 April 2021

• China Home Prices Grow Most ni Seven Months in Fast Sales Season – www.bloomberg.com
• Developers' spending spree on land in Greater Bay Area cities is a show of confidence that will buoy house prices, say analysts – www.edgeprop.sg

News updated on 14 April 2021

• China instructs six cities including Beijing, Shanghai and Shenzhen to build more public rental flats for low-income groups, young people – www.scmp.com

News updated on 13 April 2021

• China’s Economy Is Still Dependent on Housing and Exports – www.wsj.com

News updated on 9 April 2021

• JLL Weighing Sale of China Property Management Business – finance.yahoo.com
• The Improbable Dream of the Chinese Property Tax – www.wsj.com

News updated on 7 April 2021

• CENTRAL SHANGHAI OFFICE RENTS INCH UPWARD AFTER TWO-YEAR SLIDE – www.mingtiandi.com

News updated on 6 April 2021

• China Asks Banks to Curtail Credit for Rest of Year – www.bloomberg.com

News updated on 4 April 2021

• China looks to rein in lending to cool property boom – www.ft.com

News updated on 30 March 2021

• Nestle signs pilot deal with co-working firm IWG allowing 10,000 employees in China to work remotely, while DBS surrenders Hong Kong office space in nod to Covid-19 – www.edgeprop.sg

News updated on 29 March 2021

• China’s first-tier cities tighten property policies – www.thestar.com.my

News updated on 27 March 2021

• China acts to prevent business loans flowing into property market – news.cgtn.com

News updated on 26 March 2021

• China Developer Yuzhou’s Woes Deepen After Profit Warning – www.bloomberg.com

News updated on 24 March 2021

• Dalian Wanda to restructure assets after withdrawing troubled Shanghai IPO plan for property arm – sg.news.yahoo.com

News updated on 22 March 2021

• China developer warns of lower profit – www.thestandard.com.hk

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