BANGKOK—China has rolled out new rules meant to expand access to commercial bank loans for property developers as Beijing doubles down on its effort to end a prolonged crisis in the real estate industry. The policies will allow real estate companies to use bank loans pledged against commercial properties such as offices and shopping malls […]
At the center of former President Donald Trump’s New York civil fraud trial is the valuation of his properties. Discussing this controversy is Mark Miller, Senior Attorney at Pacific Legal, specializing in property rights. Mark delves into the legality of the property valuation in NYC.
China’s property sector worsened in November as negative home buyer sentiment and indebted developers drove down sales and investment, while broader retail sector activity missed forecasts, suggesting more support is needed to shore up demand. The world’s second-largest economy has struggled to mount a strong post-COVID recovery as distress in the housing market, local government debt risks […]
DENVER—A man was captured Tuesday after 25 hours on the run after police say he fatally shot three people and critically wounded a fourth in his latest property dispute with neighbors in rural Colorado, authorities said. The suspect, Hanme K. Clark, 45, was arrested by New Mexico State police near Albuquerque, the Custer County Sheriff’s […]
Debt-ridden Chinese property developer Country Garden Holdings said Tuesday that it had failed to make a principal payment of HK$470 million ($60 million) by the deadline. The company did not elaborate on details about the payment but admitted that a future default is likely as it may “not be able to meet all of its […]
Even China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country’s crisis-hit property market. China’s property sector, once the pillar of the economy, has slumped since 2021 when real estate giant China […]
A property slowdown is hitting Shanghai. Residents in the Chinese financial hub are buying fewer homes while fearing for the economy. Beijing rolled out a string of measures last week to revive China’s debt-riddled property sector including lower mortgage rates for first-time homebuyers. But they don’t seem to be enough to tempt residents like freelancer […]
The state of Florida is being sued by a group of Chinese citizens after Gov. Ron DeSantis signed into law a new measure restricting some foreign nationals from China from purchasing property in the state. The plaintiffs in the lawsuit, which was filed in federal court in Tallahassee on May 22, are four Chinese citizens residing in Florida and […]
A new trend among China’s wealthy is to invest money outside the country, and even buy a second home overseas. Following three years under the world’s toughest COVID-19 curbs, Daniel Bian is among a flood of Chinese residents hunting for property in Thailand. On a recent trip there, he said he felt alive and free—a […]
Property taxes levied on single-family homes in the United States increased 3.6 percent to $339.8 billion in 2022, according to a new report from a real estate data firm. That’s up from $328 billion in 2021. The 2022 increase was more than double the 1.6 percent growth in 2021, but smaller than the 5.4 percent […]
Fitch Ratings said Friday that the outlook for state and local governments was “deteriorating” and an expected recession could put pressure on state and local governments to raise property taxes. “Local governments may face slowed growth or possibly contraction in tax revenues associated with real property valuations, which may trigger expenditure controls or revenue-raising measures […]
SHANGHAI—China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second reduction this year. The country’s economy took a hit after the Chinese regime imposed extreme COVID-19 restrictions, causing huge disruptions to activity. China, in a monthly fixing, lowered the five-year loan prime rate (LPR) by 15 basis points […]
SHANGHAI—China-listed companies are increasingly divesting real estate businesses amid stricter regulatory scrutiny of the industry, according to filings and state media, in a year dominated by headlines of financial woe at China Evergrande Group. Tightened lending curbs in the real estate industry early this year have exacerbated financial troubles at some property developers, triggering sector-wide […]
HONG KONG/LONDON—Growing worries about defaults at Chinese property developers triggered a rout in their shares and bonds on Tuesday with fresh credit rating downgrades and uncertainty about the fate of cash-strapped China Evergrande Group sapping investor sentiment. Once China’s top-selling developer, Evergrande is facing one of the country’s largest-ever debt restructurings as it wrestles with […]
If President Joe Biden’s new tax law passes, after inheriting a valuable property, you would need to pay a huge chunk in taxes to the government, even before you sell it off. NTD looked at what that would mean for New Yorkers specifically.
Gop senators are urging Biden’s administration to reverse its “disastrous” decision to give U.S. COVID-19 medical technology and intellectual property to China
