China - Housing 06 (Nov 21 - Dec 26)

[winston]

Report: Chinese State-owned Banks Offer Two-year Mortgage Repayment Grace Period to Borrowers

Bloomberg, citing sources, reported that in response to the prolonged downturn in China real estate market, several state-owned banks have proactively contacted cash-strapped borrowers and offered mortgage repayment grace periods of up to two years.

The banks would also assist in finding homebuyers instead of declaring defaults and repossessing properties.

It is understood that local courts across China have slowed the approval process for mortgage default cases to limit the number of forced property auctions.

Some courts have even suspended or restricted the number of mortgage default lawsuits that banks can file.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[behappyalways]

Land sale results poor:

"Some 300 cities auctioned 64.72M square meters of land in Q1 2026, a 24% drop YoY, according to China Index Academy...By value, sales plunged 46%...By floor area, they shrank 26%"
https://x.com/ChinaBeigeBook/status/2043016803023228948

[behappyalways]

Shenzhen property price cuts trigger buying frenzy; security guards use pepper spray, causing cha...
https://m.youtube.com/watch?v=I6fbbmec7GY