China property

China home price drop slows for second month as pressure eases

Supportive measures for the property market have trickled out across cities in recent months

In 2017, Hui Ka Yan was Asia’s richest man, with a net worth of US$45.3 billion, according to Forbes.

China Evergrande’s billionaire boss falls from circles of power to fraud plea

His plea draws a line under the collapse of an empire that thrust China’s property sector into the glare of global investors

Evergrande founder Hui Ka Yan “pleaded guilty and expressed remorse” in trial proceedings on Monday (Apr 13) and Tuesday against him.

China Evergrande founder pleads guilty to fraud in Shenzhen court

Hui and the company also face charges of illegally extending loans, fraudulently issuing securities and bribery by units

Vanke has been in the midst of a liquidity crunch for more than two years, during which it has leaned heavily on loans from its state-owned shareholder to service debt.

China Vanke seeks to delay another bond payment to avoid default

The company is also facing financial pressure from interest payments on some of its loans and needs to renegotiate those terms

Local courts across the country have slowed the pace of accepting cases involving defaulted mortgages to limit the volume of forced property sales.

Underwater mortgages force China’s banks to get more creative

The local institutions are working to limit the damage of a yearslong property crisis

China’s property downturn, now in its fifth year, has been marked by a wave of developer defaults, falling home prices and a prolonged slump in sales.

China’s property slump far from over despite embattled developer Country Garden’s return to profit

Sector continues to grapple with uneven price recoveries, a supply glut and weak homebuyer confidence

Vanke is one of the few major Chinese property developers to so far avoid default, even as its liquidity has been strained by the country’s years-long real estate crisis.

China Vanke seeks bond delay again as it works on restructuring plan

The distressed developer has been wrestling with a liquidity crunch for more than two years

CTFE’s refinancing push comes as talks have stalled between the Cheng family and Blackstone over a potential capital injection for New World.

New World’s top shareholder seeks to refinance HK$7.3 billion loan

The company is in preliminary discussions with banks for a potential five-year facility

Green shoots have emerged in the used-home market, where sales picked up modestly after a drop in values made residences more affordable.

China home prices drop at slower pace as property slump abates

Supportive measures for the property market have trickled out across cities in recent months

China’s more than US$1 trillion new home market remains fragile, with sales value nationwide down more than half last year from its 2021 peak.

China vows to tackle property crunch with city-specific policies

The property crisis has triggered about US$130 billion in defaults