The outlook for the property market is expected to remain bleak in the first half of the year and possibly the whole of 2022, as Covid outbreaks have hit both supply and demand
Property sales in China saw their biggest monthly fall in 16 years in April as Covid lockdowns sapped demand despite moves by officials to ease borrowing limits and revive the sector
If Sunac goes into default, it could ramp up panic about China's property crisis, executives at other firms said, as Sunac is a big group known for its mid- to high-end properties
The Chinese Communist Party's central political committee has allowed local civic authorities to tweak real estate policies based on domestic realities
The worst is over for shop rents, which are likely to increase by at least 10% in some residential areas
Smaller cities have been hammered by falling home prices for seven months since September, the latest tally of 70 major cities by China's statistics bureau shows
Goldman Sachs estimates the default rate at nearly a quarter of outstanding bonds this year rather than the 5.5% that's been reported.