CHINA TOPIX

11/02/2024 09:31:42 am

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However, its financial and real estate sector could not keep up the pace.

China’s Financial and Real Estate Sector Report Slower Growth in the Fourth Quarter

China reported better-than-expected economy growth rate during the fourth quarter of 2016. However, its financial and real estate sector could not keep up the pace. The overall economy grew by 6.8 percent during the last quarter of the previous year.

The rate of growth during the year was the fastest since 2011, raising the fears of a bubble.

China Home Prices Surge But Show Signs of Stabilizing

China real estate showed tremendous growth in 2016 as the prices continued to surge. The rate of growth during the year was the fastest since 2011, raising the fears of a bubble. However, the growth rate stabilized in the month of December.

However, the numbers have also given rise to new debt concerns.

China Reports Higher than Expected Credit Growth in 2016, Raising Debt Concerns

China reported extending $1.82 trillion worth of loans in 2016, setting a new record. However, the numbers have also given rise to new debt concerns. The country is looking to fuel its economy by providing more stimulus in the form of credit and debt, without creating an asset bubble.

The real estate sector and shadow banking were the key contributors to the loan increase in November.

China’s Loan Sector Records Greatest Results for 2016 in November

The banking sector hit a whole new high for the entire year in the month of November after it recorded positive turnouts in the loan as well as financing sectors.

A representation of apartments that are yet to be built in China

China’s Real Estate Sector to be Scrutinized by Housing Ministry

Real estate developers and agents have been put on notice by China's watchdog and housing market regulator. A month-long inspection of the real estate sector in the entire country to review practices is set to begin.

parking space

Record-Breaking: Parking Space in Hong Kong Sold for $HK4.8 Million

A single parking space has recently been taken off the market for a whopping $HK4.8 million (US$618,000), making it the most expensive lot in Hong Kong. The parking space measures 135 square feet and can be found at 55 Conduit Road, an upscale condominium complex at the Mid-Levels, one of the most lucrative residential areas in the city. J

China’s Evergrande Group said one of its units Kailong Real Estate will acquire a controlling stake in developer Shenzhen Special Economic Zone Real Estate & Properties by reorganizing its assets.

China Evergrande's Unit to Acquire Controlling Stake of Shenzhen Real Estate

China's Evergrande Group said one of its units will acquire a controlling stake in developer Shenzhen Special Economic Zone Real Estate & Properties by swapping assets.

In this handout image provided by Sydney Tower Eye, the skyline and harbour of Sydney is seen from a viewing platform at the Sydney Tower Eye, on December 16, 2011 in Sydney, Australia.

Chinese Investors to Buy Sydney's 333 Kent Street for A$88.88M

Chinese firm Bridge Capital and Australian iProsperity Group made a historic offer to buy the 333 Kent Street office tower in Sydney's Central Business District for A$88,888,888.88.

China.

G20 Summit Trriggers Rise in Hangzhou's Tourism and Real Estate Sector

Hangzhou, Zhejiang Province has not only experienced an increase in tourism, but the city's real estate sector has also received a boost following the recent G20 Summit.

China,Australia,Real Estate

Seattle is now the top Choice for Chinese Home Buyers

Seattle is becoming the top choice for Chinese buyers for home property investment, driving prices higher.

iStaging

Taiwanese VR Company iStaging Concludes $5 Million Funding Run

Taiwanese virtual reality real estate company iStaging has closed a round of pre-A funding, amassing $5 million in new capital. The latest round of funding was led by WI Harper, along with Taya Venture Capital.

Property developer China Evergrande bought an added 2.1 percent stake in China Vanke.

China Evergrande Raises Its China Vanke Stake

China Evergrande Group has bought additional shares of China Vanke Co Ltd. worth 5.46 billion yuan ($823 million), increasing its stake from 4.68 percent to 6.82 percent, the company announced in a filing with the Hong Kong stock exchange on Monday.

Ray White

Australia's Real Estate Giant Ray White Teams up With Lianjia to Enter China

Australia's biggest real estate group Ray White has expanded its services to China after teaming up with China's largest real estate company, Lianjia (or Homelink).

2007 Xian Autumn Real Estate Trade Fair

China Allows Developers to Convert Commercial Properties to Residential Units

To deal with China's oversupply of commercial properties, the government is now relaxing its policies to allow some of these buildings to be converted to residential leasing units starting this month, the South China Morning Post reported.

Chinese investors have been named the biggest overseas buyers of US real estate, according to a report.

China is US' Biggest Overseas Real Estate Buyer

Amid China's economic slowdown, Chinese investors have been named the biggest overseas buyers of US real estate, according to a report from the Asia Society and Rosen Consulting Group, which was released on Monday, May 16.

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