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United States

Clare Jim

China property market feels fresh chill, 'winter' is coming

Oct 14 2018

HONG KONG China's property developers usually look forward to the months dubbed "Golden September and Silver October" as the high season for new home sales. This year is proving to be different.

Hong Kong leader promises more land to ease housing shortage

Oct 10 2018

HONG KONG, Oct 10 Hong Kong's leader promised on Wednesday to ease the city's chronic housing shortage by boosting the supply of land through reclamation and redevelopment projects and allocate more space for public housing.

Evergrande Health slumps as EV maker Faraday seeks to scrap stake sale

Oct 08 2018

HONG KONG China's Evergrande Health Industry Group Ltd shares slumped on Monday, on news it was being sued by electric vehicle (EV) start-up Faraday Future for failing to make a payment and that Faraday was looking to scrap a deal to sell a stake.

Hong Kong banks raise benchmark lending rates for first time in 12 years

Sep 27 2018

HONG KONG Hong Kong commercial banks raised their benchmark lending rates on Thursday for the first time in 12 years, increasing the cost of home mortgage repayments in one of the world's most expensive property markets.

Hong Kong property firms scramble to lure buyers as rate hikes loom

Sep 26 2018

HONG KONG Spooked by the prospect of rising interest rates, a slowing economy and a mounting supply of new apartments, Hong Kong developers are going all out to woo buyers, offering bigger loans, longer repayment periods and even discounts for school tuition.

RPT-China Evergrande referral scheme pushes sales, pressures staff

Sep 16 2018

* May be ineffective if buyers not serious candidates - analyst

China Evergrande referral scheme pushes sales, pressures staff

Sep 14 2018

* May be ineffective if buyers not serious candidates - analyst

Chinese property developers opt to 'wait and see' as failed land auctions climb

Aug 29 2018

HONG KONG Last year China's more aggressive property developers were willing to pay whatever it took to secure land banks, but today China is seeing a surge in failed land auctions.

China Evergrande seeks to sustain profit margin after record first-half

Aug 28 2018

HONG KONG China Evergrande Group , the country's second-largest property developer by sales, said on Tuesday it will stay away from small cities and expensive land to sustain margins after posting the industry's highest-ever first-half profit.

JD.com-backed China Logistics Property eyes co-investments to expand, cut expenses

Aug 22 2018

HONG KONG China Logistics Property Holdings (CNLP) , backed by e-commerce giant JD.com Inc , plans to set up funds with industry players to co-invest in warehousing projects in a bid to ease capital pressure and double its domestic market share.

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