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Related Special Reports
...Breit discloses other metrics more commonly used by public real estate investment trusts....
...PwC was Evergrande’s auditor when the developer listed in 2009, and signed off its books as it expanded rapidly using eye-watering leverage during China’s real estate boom....
...The Securities Association of China launched its “Guidelines for Securities Companies to Establish a Robust Remuneration System” in 2022....
...PAG, which invests across Asia including in credit and real estate as well as private equity, had raised roughly $3bn for its planned new fund by the beginning of this year, according to four people with...
...Expect these companies’ valuations to improve as the value of their real estate holdings rises....
Property prices in China could take yet another hit from deconstruction of the indebted developer
...This week, however, it caused a frisson in the real estate world....
...Official data on Monday showed China’s real estate sector crisis was continuing....
...Hengda Real Estate, Evergrande’s mainland business, was also audited by PwC Zhong Tian, a mainland entity affiliated to PwC’s network....
...Vanke’s commitment to cut debt by Rmb100bn over the next two years aligns with a long-standing push from Beijing to deleverage the real estate sector....
...Xi has often said that China must move towards what he calls “high-quality growth” — eschewing debt-fuelled investment in real estate and moving up the manufacturing value chain....
...“We really see real estate bottoming from a valuation standpoint,” Gray told the Financial Times last month....
...The company, which aside from real estate has a string of interests in sports, entertainment, finance, health, cars and agriculture, started its descent into insolvency after it missed coupon payments on...
...of securities....
...That need has become more pressing over the past year as global investment interest in China has fallen off, while Japan’s real estate and mergers and acquisitions markets have rebounded strongly, and Tokyo...
...“A cut to the five-year LPR is part of the policy package to boost the demand side of the real estate market,” said Yang Chang, policy analyst with Chinese brokerage Zhongtai Securities....
...Meanwhile demand for loans in the real estate sector and from local government financing vehicles have fallen drastically in recent years....
...Hsu adds that China has also seen “what not to do” from studying Japan’s 1990 real estate-induced market collapse....
...The US commercial real estate market has been stressed by rising rates and the structural shift towards remote work, which accelerated during the Covid-19 pandemic....
...Global real estate, squeezed by rising interest rates, is in the midst of the worst slump since the financial crisis. Office occupancy and valuations have plummeted, especially in the US....
...The sell-off has been driven by a lack of confidence in the outlook for the world’s second-largest economy and an ongoing liquidity crisis in the country’s real estate sector, which has weighed on domestic...
...With liabilities of about $200bn against $340bn for Evergrande, Country Garden is an important part of the country’s real estate sector, which typically accounts for more than a quarter of overall economic...
...The unlikely corporate raider In December 2020, veteran property executive Paul Weightman retired from the Australian real estate business he had founded more than two decades before....
...Since 2021, the Chinese economy has grappled with a wave of real estate developer defaults that have frozen construction activity and weighed confidence in the market, pushing down home sales....
...The property developer launched the EV business in 2019, as it worked to diversify beyond real estate....
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