The following factors highlight the continued insufficiency of demand: The real estate sector is still undergoing a deep adjustment. In the first half of the year, efforts to reduce local government debt and financial sector inefficiencies resulted in insufficient physical investment by the government. Residents' e...
Beijing is lowering the minimum down-payment ratio for buying a home to 20% from 30%, and for some second home buyers to 35% from 40%. The city is also reducing the floor rate for a first-home mortgage to the loan prime rate (LPR) minus 45 basis points. Beijing faces the worst oversupply among 30 major cities tracked by China Real Estate Information Corp. Its new home inventory needs 48.9 months to sell, CRIC estimated. The capital’s new-home prices slumped 1.1% in May, the worst drop in...
Tax income -5.1% y/y to 8 trillion yuan, government land sales income falls 14% y/y to 1.28 trillion yuan, and securities transaction stamp duty -50.8% to 43.9 billion yuan. The Jan-May fiscal spending rises 3.4% y/y to 10.8 trillion yuan. Total revenues, which include the general public budget and the government funds budget, fell 4.1% during January-May from last year to 11.36 trillion yuan ($1.6 trillion). That’s the stee...
Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders. Prime Minister Datuk Seri Anwar Ibrahim met Berjaya Corp Bhd founder Tan Sri Vincent Tan and Genting Group’s Tan Sri Lim Kok Thay last week at the development on the southe...
MayFlower :
Just read this news “The Asian Development Bank (ADB) on Thursday raised its forecast on China's 2024 economic growth to 4.8% from 4.5% previously, citing stronger household consumption”.
COG JUL4 Forum
The real estate sector is still undergoing a deep adjustment.
In the first half of the year, efforts to reduce local government debt and financial sector inefficiencies resulted in insufficient physical investment by the government.
Residents' e...
They anticipate that various sectors, including technology, real estate, domestic banks, and telecommunications, may benefit from policy support, positive corporate profit outlooks, and shareholder returns.
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$COUNTRY GARDEN(02007.HK)$ $CG SERVICES(06098.HK)$ $Hang Seng Index(800000.HK)$
Hang Seng China Enterprises rises 0.9%.
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The city is also reducing the floor rate for a first-home mortgage to the loan prime rate (LPR) minus 45 basis points.
Beijing faces the worst oversupply among 30 major cities tracked by China Real Estate Information Corp. Its new home inventory needs 48.9 months to sell, CRIC estimated.
The capital’s new-home prices slumped 1.1% in May, the worst drop in...
$CHINA VANKE(02202.HK)$ $VANKE OVERSEAS(01036.HK)$ $CHINA VA POFF-D(44012.HK)$ $SUNAC(01918.HK)$ $SUNAC SERVICES(01516.HK)$ $COUNTRY GARDEN(02007.HK)$
Prime Minister Datuk Seri Anwar Ibrahim met Berjaya Corp Bhd founder Tan Sri Vincent Tan and Genting Group’s Tan Sri Lim Kok Thay last week at the development on the southe...
Fitch forecasts GDP growth to moderate to 4.5% in 2024.
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