2025 has seen the biggest drop in construction of new housing since at least the year 2000, reports Caixin, which called it a “decisive end” to the country’s long expansion-driven property boom. This is based on data taken from the first 11 months of the year. While it may be a milestone it does not […]
Category: Property
Preowned home prices in China’s top-tier cities fell for the seventh consecutive month in November, reports Caixin. The pace of decline is the fastest in more than a year amid a surge in listings that continues to flood the market. According to data released Monday by the National Bureau of Statistics, prices in the country’s four […]
November saw the price of second-hand homes fall for the seventh consecutive month throughout China, with the pace of that decline being the fastest in over a year. Meanwhile, the economy further slowed, with factory output hitting a 15-month low and retail sales being the worst since the end of Covid. The overall situation is […]
A Shanghai court has ordered the freezing of RMB 1.98 billion ($278.18 million) worth of shares in a unit of Dalian Wanda Group, China’s largest commercial property developer, reports Reuters. The shares frozen were issued by Dalian Wanda Commercial Management Group, the property management arm of Dalian Wanda Group. According to two court notices dated […]
China’s new home prices rose for the fourth straight month in April but at a slower pace, official data showed on Wednesday, as government efforts to stabilise the sector lifted sentiment after the country’s abrupt exit from COVID curbs late last year, reports Reuters. New home prices in April edged up 0.4% month-on-month from a 0.5% […]