July 6, 2024
Property

China property: ‘underwhelming’ stimulus to fall short of refloating market amid sunken buyer confidence, analysts say

“This is a buyer-led market, where I must offer more benefits to lure buyers,” Xiong lamented. In fact, he worries that the new policies reinforce the idea that the market is in a downturn, leading buyers to delay their decisions in case prices plummet further or even more supportive measures rain down. The property market

Read More
Loans

China Vanke units guarantee US$1.1 billion in loans for troubled developer after Fitch Ratings downgrade

Troubled property developer China Vanke will receive a 7.8 billion yuan (US$1.1 billion) lifeline in the form of bank loans guaranteed by its subsidiaries, a day after the company had its credit rating cut. Shenzhen Yili Real Estate Development provided a guarantee for a 4.49 billion yuan loan, while Shenzhen Zhongke Wanxin Industrial offered a

Read More
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View more
Accept
Decline