China’s new home price declines abated for a third month in April, reinforcing hopes that the multi-year property downturn may finally be nearing a bottom https://t.co/PHyGdAGEOP
Hong Kong property shares rallied, leading gains in the broader market along with technology stocks, after Morgan Stanley boosted its forecast for home prices https://t.co/G2PjFzYEFw
China’s tech hub of Shenzhen will ease home buying restrictions in the city’s prime districts and raise housing provident fund loan caps in the latest attempt by authorities to contain the nation’s prolonged property slump https://t.co/9g4SKeEJto
*HK$300 million fine and six-month practice limit on top of SFC's HK$1 billion fine...
HK accounting regulator imposes $300 mln fine, practice limitation on PwC over Evergrande audits https://t.co/wYlCtLeTZJ
China’s new home price declines abated for a second month in March, a sign that the property downturn may finally be reaching a bottom in some cities https://t.co/kVhvzbz4Ed
#GS: Although #Shenzhen and #Shanghai may lead the recovery, our analysis suggests that #property prices in Tier-1 and Tier-2 cities may take another 1–2 years to bottom out.
... Given sales recovery started in 1Q (secondary volume; new home sales beat in Mar), we view sector correction in Mar a good opportunity to add #property names.
#Citi: The fact that China property market has not worsened can be considered as a positive outcome, in our view, with stable recovery & determined policy support.
🇨🇳China Home Prices Drop at Slower Pace as Property Slump Abates
China’s home price declines eased in February, suggesting the property downturn may be bottoming. New-home prices in 70 cities fell 0.28% from January, while resale values dropped 0.43%, the smallest decline in 10 months. Officials pledged city-specific policies to curb supply and reduce inventory. Citigroup analysts led by Griffin Chan expect these measures to support a broad rebound in home sales during the March selling season.
#CHINA #PROPERTY #REALESTATE
(https://t.co/58WQY3oRsv)
*Some homebuilders are no longer required to report "three red lines" level - the restriction on debt level - to regulators monthly: Cailian
#ChinaProperty
SOME BONDHOLDERS OF CHINA VANKE YUAN BONDS MATURED ON DEC 15 AND DEC 28 RECEIVED 40% OF PRINCIPAL REPAYMENTS AS PLANNED, SOURCES SAY
#CHINA#PROPERTY#REALESTATE#VANKE
https://t.co/Iu2stdvp4J