China Real Estate: New home prices in December logged their steepest drop since February 2015, while property sales measured by floor area fell 23% in December from a year earlier, data from the National Bureau of Statistics (NBS) showed on Wednesday.
Logan Group: The latest development came after the Shenzhen developer said on Friday it had signed an agreement with a key bondholder group on the terms of restructuring its $6.6 billion in offshore debt.
Country Garden, China s biggest private property developer, is among a long list of developers facing a cash crunch since being hit by a debt crisis in mid-2021.
China Real Estate: The two regulators announced a plan to set up a mechanism aimed at responding to the financing needs of real estate projects more precisely, supporting the stable development of the housing sector, the regulators said in a joint statement on Friday.
KWEB: Beijing Is Becoming Incrementally More Friendly To Its Private Industries seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.