China - Housing 06 (Nov 21 - Dec 26)

[behappyalways]

China Property Stocks Tumble Into Bear Market As Beijing's Bailout Fades
https://www.zerohedge.com/markets/china ... lout-fades

[behappyalways]

Another Chinese Developer Gets Liquidated As Property Bear Market Persists
https://www.zerohedge.com/markets/anoth ... t-persists

[behappyalways]

CHINA MAY NEW HOME PRICES -0.71% M/M; DROP FASTER THAN APRIL

*CHINA MAY USED HOME PRICES -1% M/M; DROP FASTER THAN APRIL
https://x.com/zerohedge/status/1802514665856979044


New home prices in China are down for the 12th straight month
https://x.com/Mayhem4Markets/status/1802651097984610324

[behappyalways]

China's New Home Prices Plunge The Most Since October 2014
https://www.zerohedge.com/markets/china ... e_vignette

[behappyalways]

Houses in Beijing's "best" school district once sold very well.
Today's plummeting sales have a big impact.
The real estate market is in the doldrums!
Houses in Shenzhen school districts plummeted.
Industry: It has become a trend.
The average price of "Internet celebrity communities" dropped by 60%│

北京"最牛"學區房曾賣超好 今銷量暴跌影響大 中房市低迷! 深圳學區房暴跌 業界:已成趨勢 "網紅社區"均價竟跌6成│【國際焦點】20240619│三立新聞台

https://m.youtube.com/watch?v=UxOk9-pRkBY

[winston]

China home prices fall sharply despite latest rescue plan

Source: Business Times

New-home prices in 70 cities, excluding state-subsidised housing, dropped 0.67 per cent from May, when they slid 0.71 per cent, the most since October 2014.

Values of existing homes declined 0.85 per cent, compared with a 1 per cent decrease a month earlier.

Pressure on prices is likely to remain as developers and homeowners resort to deep discounts to offload homes.

New-home prices slid 4.9 per cent on average and used-home values tumbled 7.9 per cent.

https://www.businesstimes.com.sg/intern ... escue-plan

[behappyalways]

The real estate rescue plan in China is floundering
https://x.com/Mayhem4Markets/status/1812808611107639368

[behappyalways]

The 170 billion-yuan 8,300-acre Guiyang Evergrande Cultural Tourism City (贵阳恒大文化旅游城) — an Evergrande project — is the biggest unfinished property development project in Guizhou and one of the biggest in China. Construction work has been halted since 2021 or so.
https://x.com/Byron_Wan/status/1814450655362535755

[winston]

China’s property bender has led to long, tough hangover: economist Mao Zhenhua

Surge in household debt, collapse in property values highlight need for real estate wind-down, cash handouts to spark consumer demand

by Amanda Lee

Mao Zhenhua is the founder of China Chengxin Credit Rating Group and co-director of Renmin University’s Institute of Economic Research. He is a regular commentator on China’s economy, has been a professor at the University of Hong Kong’s Business School since 2022, and was among the first to warn about the underlying pressure on China’s property prices.

In this latest interview in the Open Questions series, Mao analyses China’s struggling property sector, reflects on US-China tensions, surveys the results of the highly anticipated third plenum and examines the changing nature of Hong Kong’s role in the broader economy.

Source: SCMP

https://www.scmp.com/economy/article/32 ... e=homepage

[behappyalways]

China Home Prices Just Plunged The Most Since 2015
https://www.zerohedge.com/markets/china ... -most-2015