Authorities in Hangzhou, the capital of China’s Zhejiang province, are planning to buy homes and rent them at affordable rates, to reduce inventory and boost sales.

Agile says it ‘will not be able to fulfil all payment obligations under its offshore debts’ because of liquidity pressure. Presales declined 68 per cent year on year to US$905 million from January to April.

China’s shock credit contraction is adding pressure on the government to spend more money – and on the central bank to help.

Travel spending during the Labour Day holiday rose 12.7 per cent year on year, but hotel chains’ revenue per available room and occupancy rates both fell.

‘Beijing is finally on the right course to clean up the mess in the property sector,’ Nomura analysts said on Friday.

UBS may start rewarding its bankers for referring clients to the firm’s wealth management business, in a first for the Zurich-based lender

Local governments in China are exploring the use of data as an asset to help reduce their heavy debt burdens, but this has prompted concerns over efficacy and legality.

Hangzhou’s move marks the most aggressive measure to revive the local housing market, following an apparent green light from the nation’s top leadership last month.

Developer puts another noncore asset on the chopping block to bolster its liquidity and appease creditors, part of its three-pronged strategy to overcome a financial crisis.

Shenzhen and Wuhan have become the latest Chinese cities to ease home purchase restrictions to boost sales, as a growing number of major metropolises take steps to support the country’s slumping property sector.

The appetite for commercial property in Asia-Pacific is likely to remain subdued until interest-rate cuts arrive later this year or early next year, according to a CBRE survey. Investors in Hong Kong were notable net sellers last quarter.

China’s steel production has increased, but a property market downturn and slowdown in infrastructure spending have seen prices plunge steeply, leading to overcapacity and trade tensions.

Temu, Shein, AliExpress and TikTok Shop boost the logistics-related property sector as they scramble to secure space to fuel their growth.

Sales of the units, which ranged from 340 sq ft to 783 sq ft at HK$18,597 to HK$28,350 per square foot, were suspended after a red rain signal on Saturday.

A man in China who was under pressure from his girlfriend’s parents to buy her a flat filled a suitcase with bank training coupons, which she took to the police thinking he had been conned.

A new wave of property stimulus measures is brewing that should fuel a recovery in market sentiment across China as the country’s top decision-makers pledged to tackle housing inventories, according to analysts.

An advertisement for a tiny flat in Shanghai that featured a bed behind a toilet bowl went viral because it highlighted the city’s expensive real estate prices.

The capital city has relaxed rules on multiple home purchases after 13 years as part of the country’s effort to stimulate a stubbornly stagnant property market.

Company leaders pledge to marshal resources carefully in 2024 as they strike a cautious tone about any potential recovery.

High inflation and elevated borrowing costs are dampening the attractiveness of leveraged private-market investments, but institutional investors across Asia-Pacific are still determined to increase their allocations in private assets, State Street says.

The measures effective from Monday range from the removal of restrictions on homebuyers to support for the funding needs of developers.

Adriel Chan, 41, succeeds his father Ronnie Chan as chairman of Hang Lung Group, one of Hong Kong’s biggest commercial landlords.

China could face a third wave of corporate bond defaults, induced by high financing costs, slow economic growth and tighter government policies, S&P analysts said. Local government financing vehicles may be the weakest link.

Chen Hongtian, who had snapped up mansions and offices in Hong Kong and London, faces demands from banks to repay more than US$200 million of overdue loans following the market slump.

Hang Lung Properties is targeting discerning Chinese consumers’ penchant for luxury goods as it prepares to undertake the expansion of its flagship mall in Shanghai.

Asia official with Washington-based agency points to the PBOC’s policy moves, as well as China’s infrastructure spending, as economic bellwethers in the face of headwinds.