In July new construction starts by floor area fell by over 45%, the fastest pace since early 2013, while household loans and mortgages plunged from $125bn in June to $18bn in July
Many private companies in Dongguan have been forced to shut down, lay off staff, or suspend production because zero-Covid restrictions had a severe impact on their operations
Beike Research Institute has apologized and withdrawn a recent report that warned of an oversupply in China's property market and high rates of unoccupied homes in major cities.
Shares of Longfor bounced back by 11% in early trading in Hong Kong on Thursday on news it had settled its commercial dues without deferring payment
China's real estate crisis has hit property service management companies, with many caught up in their parents' debt woes. This has slashed the value of the sector's shares.
This year hundreds of China's smaller cities have taken steps to boost demand, offering subsidies, relaxing curbs and cutting down-payment requirements to try to boost home sales.
Yango and Greenland shares shot up on Monday after news the two struggling developers have won help from state entities to manage their debt crises
The floor area of homes sold in 17 cities tracked by China Index Academy slumped 33% from a month earlier, with Guangzhou plunging 48% and Beijing sinking 34%.
The Nanchang unit has been ordered to pay a guarantor $1.08bn after failing to come through on its debt obligations
What's next for China Evergrande after it offered offshore creditors shares in two overseas-listed units in a bid to solve its liquidity crisis
The ailing real estate group plans to offer sweeteners in the form of shares in two of its overseas-listed units as part of its debt revamp
Many investment funds have taken a hit from China's property sector meltdown, which was made worse by the Covid lockdowns in major cities in the second quarter