Real Estate • News

All news and posts of our editorial team on the topic

Is the growth target still achievable?
China is sticking to its target of 5.5 percent growth for this year - even though the Premier has set it before the big lockdowns. As a result, Western analysts have long since downgraded their forecasts. However, top economist Justin Lin still considers the target to be realistic. continue reading →
After Huarong bankruptcy: Diaoyutai copy in Germany left to decay
The deconstruction of financial conglomerate Huarong is also radiating into Germany. After the execution of company founder Lai Xiaomin, numerous high-profile real estate properties owned by the Huarong real estate subsidiary are vacant – including a replica of the Diaoyutai guesthouse that was supposed to be built in Niederrad near Frankfurt. This was reported to […] continue reading →
Problems on the real estate market intensify
The problems on China’s real estate market are expected to worsen this year, according to economists. Average property prices are expected to fall by 1.3 percent in the first half of the year, according to a Reuters poll among analysts and economists published on Tuesday. They predict stagnation for the entire year. Accordingly, real estate […] continue reading →
Economy under pressure, unemployment rises
The economic fallout from China’s Covid Lockdowns is becoming clearer: real estate sales plunged in April by the steepest rate in 16 years; the manufacturing sector is cutting back production; retail sales are declining; and investment is weaker than expected. Meanwhile, the unemployment rate rose to its highest level in more than two years. The […] continue reading →
Real estate company Sunac unable to service foreign debts
Real estate developer Sunac China can no longer meet its payment obligations, the group announced on Thursday. The company has failed to service interest payments on an overseas bond, Nikkei Asia reports. Delays had already occurred last month. Now, after a 30-day deadline, Sunac had to announce the default. At issue are the interest payments […] continue reading →
Evergrande: bankruptcy drags on
Evergrande has run out of money – that much is clear. The company cannot even present its annual balance sheet. This process shows: Large corporate bankruptcies often do not end with bankruptcy proceedings. Especially in China, an agonizingly long phase of denial of reality usually follows instead. continue reading →
Trade of Evergrande shares suspended
The Hong Kong Stock Exchange has suspended trading in shares of the troubled property developer on Monday. Trading of its EV subsidiary Evergrande NEV and a service subsidiary was also temporarily suspended, Bloomberg reported. The company and the stock exchange did not provide any official explanation. Back in January, the highly indebted company announced that […] continue reading →
No tax on real estate for the time being
China will not expand its pilot program for a real estate tax this year. This was reported by Xinhua, citing a source in the Ministry of Finance. Current economic conditions would make it difficult to expand the program. The real estate market is currently under pressure, with property prices currently falling slightly. Major developers such […] continue reading →
Doubts about high growth
According to a Bloomberg report, analysts have discovered inconsistencies in robust growth indicators from January and February. Indicators in question are the gains in industrial production and retail trade announced this week. According to the National Bureau of Statistics, industrial production grew by a surprisingly high 7.5 percent year-on-year in the first two months, while […] continue reading →