property downturn

New Business

China Vanke’s Hong Kong unit sees strong sales in Tai Po project despite mortgage concerns

China Vanke sold nearly all of the more than 200 units on offer at its Le Mont project on the…

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New Business

Will China’s ‘death tax’ cometh soon or late? Lawmakers have wealth redistribution in mind

The possibility that China could levy controversial estate and gift taxes on the public has returned to the limelight, illuminated…

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New Business

Some Hong Kong banks refuse mortgages for China Vanke’s Le Mont project in Tai Po

Standard Chartered, one of the city’s three currency-issuing banks, and Chong Hing Bank were not accepting mortgage requests from potential…

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New Business

China’s January-February CPI falls 0.1% days after annual inflation control target lowered

Just days after China lowered its annual consumer inflation control target from around 3 per cent to around 2 per…

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New Business

How the US makes billions selling gristly chicken feet to China

Chicken is a staple on dinner tables around the world, but the same cannot be said for chicken feet. Gristly,…

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New Business

China’s services activity expansion dampened by ‘trade environment’ concerns: Caixin PMI

China’s services activity expanded at a slower pace in November, pressured by easing new business growth, including in exports, a…

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New Business

Chinese developers, cities tempt homebuyers with perks like private-jet shares, residency

From private jets to permanent residency in major cities, cash-strapped developers in mainland China are offering increasingly aggressive incentives to…

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New Business

Unit of Chinese developer R&F Properties defaults on US$147 million in interest payments

Chinese developer R&F Properties said a subsidiary missed interest payments on offshore notes in another sign of escalating troubles for…

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New Business

Shanghai’s wealthy residents upgrade to premium homes, ignoring property market upheaval

Luxury homes in Shanghai are defying the downtrend in China’s mass market segment as wealthy buyers, relatively unscathed by the…

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