Landlords believe that the continuing impact of the pandemic on Hong Kong real estate will be limited in the future, as renters have mostly adapted to the new circumstances
The beleaguered developer's two most senior executives submit their resignations after audit reveals involvement in improperly diverting funds
The boycott may affect more than 7.3 million people, dampening market confidence, sales and investment, says BofA
The anti-dumping duty rates are set at 39% to 45.7% for Japanese firms including JFE Steel Corp and Nippon Steel Corp, 37.3% for Korean companies and 46.3% for EU firms
China's largest policy bank vowed to maintain an accelerated pace of lending to fund infrastructure
JPMorgan has raised its emerging markets corporate high-yield default forecast to 10.7% for 2022, and said on Thursday Chinese developers' default rate could be near 40%.
Angry homebuyers have resorted to physical protests as well as a threatened boycott of mortgages due to hundreds of unfinished housing projects
Purchases of US property by investors from China, Hong Kong and Taiwan combined surged 27% to $6.1 billion in the year to March, and six out of 10 paid in cash, the SCMP reported.
The tally for 2022 bond defaults in China has passed $20 billion, largely because of the debt crisis in the property market. Defaults totaled $9 billion last year.
The mortgage boycott – said to now affect over 200 projects and 80 developers – is a grave threat to private builders who relied on apartment pre-sales, as many lack funds and face a rocky future
"As long as employment is relatively sufficient, household income grows and prices are stable, slightly higher or lower growth rates are both acceptable," Premier Li Keqiang said
Regulators call on banks to fund housing projects and help real estate developers with their funding needs in a bid to calm worries over the growing boycott of mortgage repayments