New house sales slump amid property crisis in China

Aug 16, 2024

Property prices fell by 0.6 per cent in June continuing for the last 14 months, Nikkei Asia quoted data from China's National Bureau of...

Hong Kong's property market grappling with sinking property values

Sep 06, 2024

Hong Kong's renowned property market, once a beacon of the city's financial prowess, is experiencing a substantial downturn. Property revaluations are revealing significant declines...

Chinese regional banks sell mortgaged assets amid property sector bad loan crisis

Sep 07, 2024

Amid a declining property market in China, regional banks are offloading non-performing real estate loans despite government pressure to support the housing sector. As...

China's real estate crisis: Shanghai-based property giant Shimao Group faces liquidation suit

Apr 08, 2024

Amid the real estate crisis in China, another Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from...

Chinese property giant Evergrande suspends trading of shares in Hong Kong

Jan 04, 2022

Beijing [China], January 5 : China's property giant Evergrande Group Evergrande has suspended trading in Hong Kong as the heavily indebted company contends with...

China to pilot test levying property tax in selected cities amid Evergrande crisis

Oct 24, 2021

Beijing [China], October 24 : China has decided to pilot testing property tax levies in selected cities during the coming five years, to garner...