Meanwhile, China’s central bank has been on an easing trajectory, with its latest decision in February cutting 25 basis points from banks’ five-year loan prime rate (LPR), the largest shave since the LPR was designated as the main rate benchmark in 2019. People take pictures in the Shinjuku area of Tokyo on March 30, 2024.
Given such a bleak domestic and external backdrop, the strong performance of China’s commercial real estate investment market is a remarkable feat. According to data from MSCI, transaction volumes last year reached US$37.5 billion, the highest in Asia and slightly more than in Japan, the region’s most popular market. While a significant portion of investment
China’s measures to boost the nation’s troubled housing market are trickling down to the provincial and city levels, with more cities relaxing curbs to buy property. Suzhou, Shanghai and Guangzhou are the latest cities to ease home-buying restrictions, joining more than 30 municipal governments across China to stimulate demand and prop up the market. Suzhou,
A unit of China Evergrande Group, the most indebted property developer in mainland China, has agreed to sell its stake in a project in Shantou, southern Guangdong province, continuing to pare down assets as it awaits the fate of its debt restructuring proposal. The subsidiary, Hengda Real Estate Group Yuedong, will sell its entire 65
Hong Kong and mainland Chinese buyers are snapping up property in Australia in a big way again, spending cash accumulated during the past two years to give their children a helping hand in home ownership. More are expected as international travels rebound, agents said. Plus Agency, which specialises in investors from Hong Kong and mainland
Read the full story here. 2. China’s shipping containers pile up at overcrowded port as overseas orders dwindle (Ji Siqi – February 20, 2023) Empty containers at Yantian Port in Shenzhen. Photo: Ji Siqi Although the Lunar New Year holiday ended weeks ago, not all truck drivers in Shenzhen are back to work. On the
“What has been somewhat overlooked in recent years is the resilience of the asset class,” he said in an interview in Hong Kong. “There has been so much ample funding available in local markets, that a lot of companies have been able to term out maturity profiles without having US dollar bond access.” Sheldon Chan,