The average mortgage rate for a first-time buyer in 103 mainland Chinese cities fell to 4.04% in February, the lowest level since 2019, according to the Beike Research Institute, reports the... Read more
An independent investigation into property giant China Evergrande Group found that weak internal controls and mismanagement were behind the convoluted financing arrangements that led to $2 b... Read more
China’s property sales will likely continue to fall this year and weakness in the housing market will exacerbate debt pressures on local governments and weaker banks, according to a report b... Read more
China’s property investment fell 10.0% year-on-year in 2022, the first decline since records began in 1999, compared with a decline of 9.8% in the first 11 months of the year, official... Read more
China Evergrande Group said PwC resigned as its auditor on Monday, adding to the pressure on the developer at the epicenter of China’s property crisis, reports Bloomberg. Evergrande’s board... Read more
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