Chinese-style tricks to dispel the gloom of real estate

Insights 06/29/22, 16:37

Many Chinese media outlets recently reported significant recruitment of "personnel that create a fake environment for the real estate industry" in various locations. Through undercover investigations, some reporters revealed that many salespeople were essentially "actors" who created a false scenario. At the same time, government officials and employees are also ...

Shanghai developer’s properties auctioned to settle $94 million debts

Economy 02/13/22, 16:19

Two sets of properties in Shanghai's Central Mansion property were auctioned off, according to the Chinese-language media Da Ji Yuan, on Feb. 8. Eight additional luxury homes will be auctioned off over the next ten days. According to reports, the properties were auctioned to repay the developer's debts. The Times Financial ...

Many Chinese businesses owe money to migrant workers

Economy 01/31/22, 14:44

In many parts of China, real estate developers owe money to migrant workers, but it's being collected by contractors' debt collection, making the situation worse. According to Bloomberg's estimation, the Chinese real estate industry needs at least US$197 billion in January to meet its bond obligations, pay off deferred wages to ...

Debt crisis spreads to China’s largest property developer

Economy 01/17/22, 22:57

Country Garden Holdings, China's top developer by sales in 2021, has finally felt the impacts of the debt crisis in the country's real estate market. According to Bloomberg, some Country Garden dollar bonds hit record lows after a report of the failed debt deal. Longer-dated bonds were trading as low as 69 cents ...

China: Six super-rich real state families lose US$39 billion

China 01/15/22, 18:15

Six super-wealthy families in China's real estate sector have seen unexpected declines in their assets as the shares they hold fell sharply. China Business News pointed out that six large real estate families have the highest total assets in the industry. They are included in the top 50 of the Hurun ...

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