BEIJING :Chinese government revenue from land sales climbed a mere 3.5per cent last year, a sharp slowdown as the country's property developers grapple with a liquidity crunch caused by regulatory efforts to rein in the sector's ballooning debt.
Sentiment in the Chinese property market, which accounts for a quarter of GDP by some metrics, has been increasingly shaken by the liquidity crisis that has engulfed some of the country's biggest and most indebted developers. "We think state-owned developers may continue to dominate the land market in higher-tier cities in 2022, while private developers' acquisitions will remain muted, especially in the first half of 2022, as their funding conditions have yet to recover meaningfully," Fitch Ratings said in a report this week.
It’s inevitable for the slow land sales in China. It will get worse with the coming months. Going to take at least a year or more for the China property market to stabilise.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China solar capacity rises by record 54.9 GW in 2021 - energy authoritySHANGHAI : China's connected a record 54.9 gigawatts of solar power capacity to the grid in 2021, up 14per cent compared to the previous year and amounting to 31per cent of its total capacity additions over the period, China's energy authority said.China's total solar power capacity had reached 306.56 GW
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
2021 was Singapore's second-wettest year since 1980, with 33% more rain than average: Met ServiceSINGAPORE — Singaporeans who thought 2021 was unusually wet were not mistaken. It was the country's second wettest year since 1980, with yearly total rainfall at the Changi climate station 33 per cent above the long-term average.
Source: TODAYonline - 🏆 1. / 99 Read more »
Fiscal stimulus powers US economy in 2021 to its best performance since 1984WASHINGTON: The US economy notched its strongest growth in nearly four decades in 2021 after the government pumped trillions of dollars in COVID-19 relief, and is seen forging ahead despite headwinds from the pandemic, strained supply chains as well as inflation. A surge in gross domestic product in the fo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Keppel DC REIT Reports 7.4% DPU Increase for FY 2021: 5 Things You Should KnowThe data centre REIT has just reported another encouraging set of earnings. The post Keppel DC REIT Reports 7.4% DPU Increase for FY 2021: 5 Things You Should Know appeared first on The Smart Investor.
Source: YahooSG - 🏆 3. / 71 Read more »
Crypto money laundering rises 30% in 2021 -ChainalysisCybercriminals laundered $8.6 billion in cryptocurrencies last year, up 30% from 2020, according to a report from blockchain analysis firm Chainalysis released on Wednesday. Overall, cybercriminals have laundered more than $33 billion worth of crypto since 2017, Chainalysis estimated, with most of the total over time moving to centralized exchanges. The firm said the sharp rise in money laundering activity in 2021 was not surprising, given the significant growth of both legitimate and illegal crypto activity last year.
Source: YahooSG - 🏆 3. / 71 Read more »
Taiwan GDP storms to decade high in 2021 on strong exportsTAIPEI: Taiwan\u0027s economy grew last year at its fastest pace in more than a decade, driven by a surge in tech exports during the COVID-19 pandemic to support a trend of people working and studying from home, as well as global demand for chips. For 2021, initial gross domestic product (GDP) growth was put at
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »