Housing market Tag

16 Apr China’s home prices fall for 10th straight month in fresh alarm for stronger policy response, revival plans

Posted at 05:28h in Asia

China’s home prices in the primary market fell for a 10th consecutive month in March, showing the government’s measures to support the nation’s struggling developers and lift consumer confidence are not sufficient to arrest the slump.Prices of new homes in 70 medium and large cities...

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15 Apr China property: Beijing needs US$2.1 trillion to revive sector as rescue plans have not been good enough, Goldman says

Posted at 11:30h in Asia

China’s housing market has further room to weaken as efforts to revive the sector have not gone far enough to arrest a three-year slump, according to Goldman Sachs. The government may need to spend more than 15 trillion yuan (US$2.1 trillion) to fix the problems...

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31 Mar Hong Kong property: Li Ka-shing’s CK Asset lists another 110 flats at Blue Coast after 8,000 buyers jump at first 138

Posted at 07:39h in Asia

CK Asset Holdings, the flagship property developer of Hong Kong billionaire Li Ka-shing, is putting another 110 units at its Blue Coast project on the market after buyers enthusiastically oversubscribed the development’s first batch of flats.The new list includes 20 two-bedroom units and 90 three-bedrooms...

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29 Mar China Vanke boss acknowledges ‘pressure’ as 2023 profits slump amid liquidity distress rumours

Posted at 04:33h in Asia

Net profit came in at 12.16 billion yuan (US$1.7 billion) versus 22.68 billion yuan in the same period of 2022, according to a filing by Vanke made to the Hong Kong stock exchange on Thursday night.Core profit, which excludes the impact of foreign exchange and...

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26 Mar China’s economy remains resilient with powerful underlying strengths and long term opportunities, say Hong Kong officials, UBS’s Ermotti

Posted at 11:13h in Asia

China’s economy remains resilient despite facing a multitude of headwinds, and global investors should focus on long term opportunities and take advantage of Hong Kong’s role as a “superconnector,” according to government officials and corporate executives.“Hong Kong is the only city in the world where...

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19 Mar Debt-stricken Sino-Ocean warns of hefty losses amid plunge in home sales as turnaround eludes Chinese developers

Posted at 08:07h in Asia

Debt-stricken Chinese developer Sino-Ocean Group said it is likely to report another year of hefty losses in 2023 as home sales in mainland China plunged, signalling no immediate turnaround in the nation’s three-year industry slump.The firm expects to incur a loss of 20 billion yuan...

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11 Mar No relief yet for China’s housing market with excess supply in secondary market, weak price guidance in new projects

Posted at 04:32h in Asia

China’s housing market is seen under more pressure this year, plagued by excess supply in the secondary market as desperate homeowners look to cash out. Prices may need to drop further, with buyers waiting for bigger discounts amid an economic gloom, industry analysts said.Listings of...

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04 Mar Opinion | Why Asian buyers’ love of Australia’s property market endures

Posted at 08:30h in Asia

Yet Australia’s appeal to many Asian buyers endures, and by some measures it is growing. While the heyday of Chinese investors pouring huge sums of money into Australian residential property is long gone, Chinese buyers are back.In the second quarter of last year, mainland China...

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03 Mar China property: homeowners turn to social media to boost their chances of a quick sale in depressed market

Posted at 03:30h in Asia

Xue, who declined to provide his full name out of privacy concerns, told the Post that despite the flurry of inquiries, the flat has not yet found a buyer. He is, however, in negotiations over price with several potential buyers.The practice of bypassing the property...

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29 Feb Opinion | Interest rates could stay higher for longer. Australia, New Zealand show why

Posted at 21:30h in Asia

At the end of last year, investors were convinced that interest rates in the world’s leading economies would come down sharply this year. Following the US Federal Reserve’s unexpected signal last December that its monetary tightening campaign was over and that it expected borrowing costs...

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