*COGO H1 net profit down 31 pct, cuts FY sales target 22 pct. HONG KONG, July 31- A number of small developers- the kind that by sheer weight of numbers dominate China's vast property sector- are set to report big drops in earnings or even losses as the industry grapples with tight credit, sluggish sales and excess supply.» Read More
SEOUL, South Korea— For the developers of the world's sixth tallest building near Seoul, a mysteriously shrinking lake and the appearance of small sinkholes in residential neighborhoods couldn't have come at a more inopportune time.
China's slowing property market tops the list of major economic risks, but some say the sector's stocks are "dirt cheap" and now is the time to buy.
LONDON/ BRUSSELS, July 24- The European Union's proposed sanctions against Russia, targeting sensitive technology, take aim at Gazprom's huge South Stream gas pipeline project to Europe and Novatek's Arctic Yamal liquefied natural gas facility.
Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.
SHANGHAI, July 18- A Chinese construction company at risk of declaring a landmark bond default on nearly $65 million is getting local political support to hold off creditors and get cash, state media reported on Friday, citing sources at the struggling firm.
HONG KONG, July 18- China shares were slightly higher on Friday, as outperforming property developers and the consumer staples sector trimmed gains in the afternoon. The CSI300 of the leading Shanghai and Shenzhen A-share listings rose 0.3 percent.
HONG KONG, July 18- China's third largest property developer, Evergrande Real Estate, has joined smaller peers in offering zero-interest downpayment loans, a practice reminiscent of the U.S. housing boom that precipitated the global financial crisis.
China's shadow banking firms slashed lending to property developers, potentially spelling trouble for the sector and the economy.
HONG KONG, July 16- China's shadow banking firms slashed lending to property developers in the first half of this year, closing off a crucial funding avenue just as the housing market cools, potentially spelling trouble for the sector and the broader economy.
June's headline 73 percent plunge in Singapore's new home sales may look worrying, but some analysts are pointing the blame at the World Cup.
HONG KONG, July 11- China shares edged up on Friday, lifted by solid gains for carmakers and property developers, which investors expect to benefit from policy changes. On Thursday, Jinan in eastern Shandong province removed restrictions on home purchases, sparking hopes more cities will follow suit.
Rising real estate prices across the U.K. are pushing developers to close pubs and convert their locations to other uses. NBC News reports.
HONG KONG, July 7- China shares finished barely changed on Monday, as weakness in the energy and pharmaceutical sectors offset solid gains from property counters. Property developers extended gains, with the CSI China Mainland Real Estate index up 1.6 percent to its highest since April 14. Poly Real Estate added 2.4 percent.
China's slowing property market may draw comparisons with the U.S. housing bust, but some are calling a recovery and see bargains in developer stocks.
Dubai's property slowdown may call up the specter of its spectacular crash during the financial crisis, but analysts say it's different this time.
William De Vijlder, Vice-Chairman, BNP Paribas Investment Partners, says global investors remain concerned about China's property sector.
While high commercial real estate rents can impede a state's growth, they can also exemplify the value of a location.
China property vacancies have climbed to more than 20 percent of sold units, but analysts are divided on whether a real estate crash is in the offing.
As more of Asia's population heads for the cities, Singapore can offer clues for planning livable urban spaces, including by controlling pollution.
HONG KONG, June 4- Hong Kong's main stock index slipped from a five-month high on Wednesday, hit by a slumping property sector as investors sold off the shares of developers after recent strong gains.