The housing sector, which accounts for a quarter of the Chinese economic output, has faced a crisis since 2020 and thousands of home buyers are now refusing to pay their mortgages …
China’s Property Market Has Slid Into Severe Depression, Real-Estate Giant Says
Country Garden, which for years ranked as China’s top real-estate developer, reported a 96% drop in first-half profit and said the market has struggled with sluggish demand and declines in property …
Property registrations in Mumbai up 20% in August: Report
Mumbai city (BMC area) saw property sale registrations of 8,149 units in August 2022, contributing over Rs 620 crore to the state revenues, Knight Frank India said in a statement.
‘Only the fittest can survive’, says China property giant Country Garden after reporting 96% fall in profit
Hong-Kong listed property developer Country Garden Holdings blamed the “severe depression” in the crisis-hit property market for its 96% drop in …
Mumbai property registrations, stamp duty collection record best ever August performance
The countrys commercial capital has recorded over 8,310 property transactions during the month helping the state exchequer fetch stamp duty revenue worth over Rs 630 crore, showed the data from the …
RBI’s repo rate hike hits property sales in Mumbai, drops 28% MoM in August: Report
Despite, the property sales registration in Mumbai recorded a 20% rise YoY in August 2022, contributing over ₹620 crores to the state government revenues; in the last 10 years, 8 out of the 10 August …
As China’s property crisis grows, is the global economy at risk?
China’s house prices are falling as Beijing reins in sector, raising fears for economic growth at home and globally.
Country Garden, China’s biggest developer, ‘deeply sorry’ as profits tumble 96 per cent amid struggling property market
‘We are facing a bitter winter that we have never seen in the history of China housing,’ says chief executive officer Mo Bin It was the sharpest decline since the company listed its shares in Hong …
China’s biggest property developer Country Garden sees profits plunge 96%
The company blames the ‘severe depression’ in the property market and says ‘only the fittest will survive’ …
Pakistan floods: ‘Monster monsoon’ kills more than 1,000 as Queen says she is ‘deeply saddened’
All four of the country’s provinces have been hit by the unusually heavy rains, with more than 30 million people affected, and experts have warned the “peak” may be yet to come.