Chinese Real Estate Market Troubles
Hong Kong courts heard four liquidation suits against Chinese developers, signaling trouble for the Chinese real estate market. The market is facing a second wave of restructurings, with creditors pressuring developers to pay overdue bills. Despite government stimulus measures, the housing market remains sluggish, with home prices falling and consumer confidence low.
Key Points
- Hong Kong courts heard four liquidation suits against Chinese developers
- Chinese real estate market facing trouble with impending liquidations
- Creditors pressuring developers to pay overdue bills
- Government stimulus measures not boosting housing market
- Housing sales and new home starts at low levels