The Country Garden news reinforced the notion that “recession risks in China are real,” explained Sevens Reports’ Tom Essaye, alluding to concerns about deflation, diminished consumer spending and a general sense of economic malaise in China, which trails only the U.S. in gross domestic product and is a crucial market for many American companies.
China’s Shadow Banks Could Be Another Property Casualty
Missed payments from a well-connected trust firm come as China’s property market sinks again—and banks step back.
US stocks edge lower as August slump continues amid China property woes
Stocks’ sluggish start to the month continued, with the Nasdaq Composite coming off its first back-to-back losing weeks of the year.
Hong Kong stocks slide over 2% as property sector sees selloff; Asia markets fall
Asia-Pacific markets largely fell on Monday, led by Hong Kong’s Hang Seng index. The index tumbled more than 2%, dragged by basic materials and consumer cyclical stocks. However, the real estate sector also saw a sell-off, with real estate firm Country Garden Holdings leading losses on the HSI.
Private Home Prices Decline In 2Q2023. Could This Be The Start Of A Price Decline Trend For Properties In Singapore?
For those of us who have been waiting to buy or upgrade to a private property in Singapore, this may feel like a respite that is long overdue. After all, according to URA data, the prices index has …
U.S. Office Woes and China’s Slowdown Rattle Singapore’s REIT Market
Some property-trust managers have asked regulators to loosen leverage limits, after their assets fell in value.
10 most expensive homes sold in Lebanon County, Aug. 7-13
A house in North Lebanon Township that sold for $510,000 tops the list of the most expensive residential real estate sales in Lebanon County in the past week.
‘Everything we wish we’d known before buying our UAE properties’
Property prices in Dubai and some other parts of the UAE are approaching historic highs, but are still largely undervalued compared with other major global markets, experts say. Dubai has also made …
National Art Museum expands international cooperation
National Art Museum has recently signed a memorandum of cooperation with the Georgian National Art Museum, Azernews reports. The document was signed by the director of the National Art Museum, Honored …
Explosions rock Syrian capital, with no immediate word on source or targets
State media and local residents say repeated blasts heard before dawn in Damascus; war monitor says sites involved were weapons warehouses of Iran-backed militias …