The debt restructuring plan has not proven popular with Evergrande dollar bondholders, with one likening it to lending a bucket of rice and then being repaid back with two grains
Home sales by floor area in January-February dropped 3.6% from a year earlier, compared with a 24% decline for the whole of 2022
The top homebuilder said in a filing that its estimated net loss for 2022 would be between $799m and $1.09bn after its core profit slumped
India will buck the global trend of sinking housing prices due to strong demand for home ownership, analysts said
The People's Bank of China (PBOC) predicted the world’s No2 economy will bounce back in 2023 but admitted the global situation is ‘severe and complex’
In mid-2022 regulators began lowering mortgage rates to prop up property demand, after a liquidity crisis among developers and this has allowed buyers to pay off loans faster than expected
New home prices in January were up 0.1% month-on-month, versus a 0.2% slide in December, according to calculations based on National Bureau of Statistics data released on Thursday.
China’s banks have been given till 2025 to rate their financial assets; listing bond investments, interbank lending and off-balance-sheet assets into five categories ranging from 'normal' to 'loss'.
Local government bodies accumulated an estimated $18 trillion of debt last year, according to CNN, which said the problem is so bad some cities have cut basic services and are at risk of default
Home prices in the territory dropped in 2022 with December seeing the seventh consecutive monthly decline
Property developer will appoint a new auditor after PwC resigned after disagreements over matters relating to the audit of its 2021 accounts
Country saw 2.9% growth in fourth quarter, but the overall economy remains weak and is not expected to pick up till the second quarter