Property


China bans illegal use of business loans over housing bubble fear 

China bans illegal use of business loans over housing bubble fear

(ATF) Banking authorities in China have moved to block the use of business loans as mortgages in an attempt to head off a property bubble.From now on banks are not allowed to grant business-purpose loans to shell enterprises without proof of actual operations. The new rules further strengthen the qualifying …

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China to accelerate real estate investment trusts launch 

China to accelerate real estate investment trusts launch 

(ATF) Shanghai stock exchange is to push on with its pilot of infrastructure-focused public real estate investment trusts (REITs) and speed up their launch this year – in a move that will help local governments finance infrastructure projects while allowing retail investors to tap into what may become a $3 …

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Rise in home prices a further test for China's regulators

Rise in home prices a further test for China's regulators

(ATF) Home prices are a delicate issue in China, partly because there is a massive bubble of debt lingering under the property market that needs to be gently deflated this year, without creating a major repercussions for the economy and the party. So, it was a slight surprise to see …

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Fake marriages will no longer earn property benefits in China 

Fake marriages will no longer earn property benefits in China 

(ATF) In many of China’s metropolises, property rules, rather than love, have been a deciding factor on whether a couple get married or divorce. To limit home-buying demand, first-tier cities such as Shenzhen have policies that say only local hukou (domestic passport) holders are allowed to buy residential properties, leaving …

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PE giant KKR closes first dedicated Asia-Pacific real estate fund

PE giant KKR closes first dedicated Asia-Pacific real estate fund

(ATF) KKR & Co said on January 13 it had closed its first Asia Pacific real estate investment fund, just days after the U.S. private equity giant launched its inaugural Asia infrastructure fund.The milestone signals the company's increasing push into the region. "[It] marks the next chapter of growth for …

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China's new home prices slow in November

China's new home prices slow in November

BEIJING: China’s new home prices grew in November at their slowest monthly pace since March, official data showed on Monday, as policymakers wary of financial risk in the highly leveraged sector continued to pursue market-cooling measures.The data comes ahead of a slew of economic figures due for release on Tuesday, …

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Evergrande Property Services fades on debut amid concerns over debt

Evergrande Property Services fades on debut amid concerns over debt

(ATF) Shares of Evergrande Property Services fell on their Hong Kong debut on Wednesday, as concerns over its parent company's massive debts rattled investors.The stock opened at HK$8.84 per share, a 0.45% premium to the HK$8.80 initial public offer price, but slipped to HK$8.65 before closing 0.2% down at HK$8.78. …

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Wanda Group checks out of global luxury hotel chain plan

Wanda Group checks out of global luxury hotel plan

(ATF) Wanda Group has completed the sale of the Vista Tower project in Chicago in a deal previously disclosed to be $270 million. This marks the end of an ambitious international hotel chain plan by Chinese billionaire Wang Jianlin as the group trims its multi-billion-dollar debt.Hong Kong-listed Wanda Hotel Development …

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Chinese homeowners face negative equity shock 

Chinese homeowners face negative equity shock 

(ATF) China’s housing bubble has been inflating for decades – and for just as long economists and analysts have been predicting its collapse. If you consistently stick to a point of view it can eventually come true and so it appears in this case: there is growing evidence in most …

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Chinese developers face $53bn debt tsunami

Developers face $53bn debt tsunami

(ATF) Real estate companies are facing a surge of bond defaults as a one-third of a trillion yuan of debt as the once-booming industry struggles to recover from the pandemic downturn. With financing costs rising, debt loads climbing and falling sales eroding liquidity, many firms will be unable to pay …

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