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Top related persons:
Zhu Ning - 1 Tao Ling - 1 Xiao Yuanqi - 1 Larry Hu - 1 Dong Jianguo - 1 Lifeng - 1 Zhu - 1 Nomura - 1
Top related locs:
BEIJING Wanxiang City Huai'an City East China's Jiangsu China
Top related orgs:
China - 1 Nurphoto - 1 Getty - 1 Tsinghua University - 1 People's Bank of China - 1 National Financial Regulatory - 1 Macquarie - 1 CNBC - 1

Search resuls for: "Huai'an City"


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☆ China pledges $42 billion in a slew of measures to support the struggling property sector
  + stars: | 2024-05-17 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
China announced "historic" steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. These and other measures announced Friday marked Beijing's latest efforts to address issues in the massive real estate sector. The real estate companies can then use funds earned from those sales to complete construction on other apartments, the central bank said. Pre-sold, unfinished homesFor years, many apartments in China tended to be sold before construction was finished. Nomura estimated last year there were around 20 million such pre-sold, unfinished apartments in China.
Persons: Zhu Ning, Tao Ling, Xiao Yuanqi, Larry Hu, Dong Jianguo, Lifeng, Zhu, Nomura Organizations: China, Nurphoto, Getty, Tsinghua University, People's Bank of China, National Financial Regulatory, Macquarie, CNBC, of Housing, Housing, Future Publishing Locations: BEIJING, Wanxiang City, Huai'an City, East China's Jiangsu, China
☆ Housing might be struggling in China but there are green shoots in commercial property
  + stars: | 2022-09-13 | by ( Su-Lin Tan | ) www.cnbc.com   time to read: +7 min
Commercial property is a bright spot in Chinese real estate, in contrast with the doom and gloom of the residential housing market. Likewise, property group CIFI Holdings posted a 23% year-on-year drop in home sales in China for the first half, but reported a 69.5% lift in its property investment revenue. While some investors sold assets to stay liquid, Spiro said the commercial sector generally has more supportive government and fiscal policies. All in all, the Chinese commercial property sector's resilience lies in its ability to rebound faster than its residential counterpart. Down but not outBut unlike housing, the commercial sector is rebounding particularly after lockdowns ended and government incentives kicked in, CBRE said.
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