Follow Post Mag, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/scmp638 Wed, 27 Sep 2023 07:12:05 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoDi_oncIYN58SlmFkX7M1Jw Evergrande’s debt plight is lighting up mainland Chinese social media platforms as users debate its ultimate fate. Brock Silvers at Kaiyuan Capital says there is ‘plenty of time on the clock’ for founder Hui Ka-yan to salvage the situation.]]> Tue, 26 Sep 2023 12:14:51 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoDi_oncIYN58SlmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCUYckKEvIa_ilmFkX7M1Jw Major Chinese commercial banks have cut rates for outstanding home loans as part of a series of state-directed stimulus measures aimed at easing homebuyers’ debt burdens and reviving the country’s troubled property sector. But the cut might not provide a sufficient boost to demand, analysts said.]]> Tue, 26 Sep 2023 00:00:20 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCUYckKEvIa_ilmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCbFE84Wyg_yF1cWWor9YPv Hong Kong was the world’s fourth-largest source of global property capital in the first half, according to Colliers, but it was not among the top 10 markets for inward investment.]]> Mon, 25 Sep 2023 12:28:16 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCbFE84Wyg_yF1cWWor9YPv https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoAJh66NI55fRCejEQ2Mq9rY German Chancellor Olaf Scholz to meet leading players in the property sector for talks as he seeks to jump-start construction. The crisis could snowball into a social disaster if the building slowdown crashes into the rental market.]]> Mon, 25 Sep 2023 11:41:00 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoAJh66NI55fRCejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCazzUzOSiWvSejEQ2Mq9rY Continuing economic pessimism and recent policy measures to shore up the property sector are feeding hopes that a massive boost is yet to come. Investors are underestimating China’s determination to cut its reliance on property asset inflation for growth, and turn instead to technology and high-end manufacturing.]]> Mon, 25 Sep 2023 09:30:09 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCazzUzOSiWvSejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBncu8dFVUKA11cWWor9YPv A Chinese property investor that has struggled with several US projects faces court-ordered liquidation as a Bermuda court issued a winding-up order against the firm.]]> Mon, 25 Sep 2023 07:11:16 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBncu8dFVUKA11cWWor9YPv https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoACxYuUYgZckSlmFkX7M1Jw China Evergrande’s debt woes are deepening, two years after trying to fix its problems. It has fallen short of local requirements to sell new securities offshore, a key plank in its US$20 billion debt workout with creditors.]]> Mon, 25 Sep 2023 06:30:18 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoACxYuUYgZckSlmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoAfsnJ1L3Ti2SejEQ2Mq9rY An imminent decline in global interest rates should boost housing markets, but any improvement in Hong Kong could be delayed until there is a broader recovery in the local and wider Chinese economies, Knight Frank’s Liam Bailey says.]]> Mon, 25 Sep 2023 01:30:13 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoAfsnJ1L3Ti2SejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCDCo4MJC57WOzdsCmHakzH A crackdown on illegal structures in luxury homes is set to chill demand and prices in the market segment, analysts said. ‘Higher for longer’ borrowing costs are also at play, according to consultancy Knight Frank.]]> Sun, 24 Sep 2023 08:00:17 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCDCo4MJC57WOzdsCmHakzH https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCfIN984F6RdXn9ye8UNv30 In the second of a two-part series on the crisis surrounding Country Garden, we look at how a company considered one of China’s most stable developers is now struggling to navigate a slumping property market, a sluggish economy and changing demographics in the smaller cities that have fuelled its growth.]]> Sat, 23 Sep 2023 04:00:19 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoCfIN984F6RdXn9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoAMolnXJyrPsKCY3L745TL_ Guangzhou relaxes home purchase restrictions, becoming the first among tier-one cities to take such a step, and analysts expect Beijing, Shanghai, and Shenzhen to follow suit to prop up the sluggish home market.]]> Thu, 21 Sep 2023 08:30:15 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoAMolnXJyrPsKCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoC9DWZhGlxITZs0ohxaO6Yr Japanese furniture retailer Nitori Holdings, which opened its first outlet in Hong Kong on Wednesday, plans to gradually expand its footprint to 20 across the city in the coming years, according to a top executive.]]> Thu, 21 Sep 2023 07:00:11 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoC9DWZhGlxITZs0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBiMX4qlaQi88b1naedg1wr Hong Kong kept the city’s base rate unchanged on Thursday after the US Federal Reserve paused its current cycle of inflation-busting increases to assess the impact of higher funding costs on the world’s economy.]]> Thu, 21 Sep 2023 01:02:24 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBiMX4qlaQi88b1naedg1wr https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBOkKQp4hbYrOT5HJgy6HUf Property developer Sunac China Holdings has sought recognition for its restructuring and protection under Chapter 15 in the US, a court statement showed on Tuesday.]]> Tue, 19 Sep 2023 14:30:14 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBOkKQp4hbYrOT5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBzK4YF-TiBfpVjH6qdYdAk A large group of creditors, which is owed US$15 billion, is one of the last major roadblocks to a historic restructuring of China Evergrande Group. The world’s most indebted developer has US$328 billion of liabilities, and has to win them over at key creditor meetings on September 25-26 to avoid a liquidation.]]> Tue, 19 Sep 2023 07:34:06 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBzK4YF-TiBfpVjH6qdYdAk https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoDvkohKXiuKBylmFkX7M1Jw China Evergrande said that the detention of personnel from Evergrande Wealth Management, its wholly-owned subsidiary, ‘will not affect the company’s operations’.]]> Mon, 18 Sep 2023 19:03:06 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoDvkohKXiuKBylmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoDpIClwiRqW7SejEQ2Mq9rY In markets like Hong Kong and Singapore, pandemic-induced disruption in real estate has been less severe and office leasing activity remains strong. But with falling transaction volumes in the Asian office sector, hybrid working is a trend occupiers, landlords and investors must take more seriously.]]> Mon, 18 Sep 2023 09:30:13 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoDpIClwiRqW7SejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoAYjd6ha93g9OT5HJgy6HUf PGIM Real Estate has invested US$400 million in the housing rental markets in Hong Kong, mainland China and Australia, as the US asset manager sees huge growth in these segments and opportunities to snap up assets at deep discounts.]]> Mon, 18 Sep 2023 01:00:21 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoAYjd6ha93g9OT5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBsgD7ZbO3pr-T5HJgy6HUf Flex space provider IWG says it is adding locations rapidly in the Greater Bay Area as property owners seek to capitalise on the trend. Major landlords Hongkong Land and Swire Properties also have their fingers in the co-working pie.]]> Sun, 17 Sep 2023 04:00:17 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBsgD7ZbO3pr-T5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBwagFItVgHncb1naedg1wr State-linked developer Sino-Ocean will stop servicing its offshore debt, including almost US$4 billion of bonds, to pursue a debt restructuring. This signals China’s housing market is far from reversing a three-year slump.]]> Fri, 15 Sep 2023 09:00:27 +0200 https://api.follow.it/track-rss-story-click/v3/gtVP-jB0UoBwagFItVgHncb1naedg1wr