BEIJING - Mortgage strikes across China in July squashed a fragile two-month recovery in the embattled property sector, as home sales and prices fell again last month.
Concerns over whether developers can deliver homes on schedule have deepened in China, as buyers point to stalled construction at worksites across the country as reason not to pay banks.Get exclusive reports and insights with more than 500 subscriber-only articles every month
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Tax revenue up 22.4% as economy rebounded following eased COVID-19 restrictions: IRASStamp duty accounted for the largest share in the jump in tax revenue collection due to the buoyant property market where there was an increase in transactions.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Property developers in China's Hefei urge curb on 'malicious protests'The letter is one of the first known efforts by developers joining together to push back against a spreading revolt by homebuyers. Read more at straitstimes.com.
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China to meet reasonable financing demand by property developersBEIJING : China's bank and insurance regulator will guide banks to extend loans to help the delivery of unfinished housing projects and will meet reasonable financing demand by property developers, the 21st Century Business Herald reported on Friday.Five financial asset management companies had cooperated
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