Bank of China joined a growing list of Chinese companies terminating contracts with PwC as the collapse of China Evergrande put the auditor's work in doubt.
Caixin

PwC loses largest China client in wake of China Evergrande storm

Penalties on professional services firm over 'negligence' likely to come soon

22 August 2024
A real estate property developed by Kaisa Group Holdings in Beijing. The company's losses continue to pile up.
China debt crunch

China developers' loss warnings exceed $8bn in past week alone

Kaisa reports more red ink; Sunac takes big blow despite Xi's 'bright prospects'

22 August 2024
A boy swims in a pool at a Vinhomes condominium complex in Ho Chi Minh City: Demand for housing in Vietnam's big cities outstrips supply, buoying prices.
Property

Vietnam's housing market sees green shoots of recovery

Fears of crash subside but apartment shortage persists

22 August 2024
A Kaisa construction site in Shanghai in December 2021: Kaisa says 34% of one creditor group and 36% of another agreed to subscribe to newly issued senior notes and convertible bonds with later maturities.
China debt crunch

Distressed Chinese developer Kaisa gets breather from major creditors

Other players continue to scramble against winding-up petitions and mounting losses

20 August 2024
The Grand Outlet currently houses about 120 shops, featuring international brands such as Coach, Nike and Adidas, and the number will increase to 150 in the future. (Photo by Tomoyoshi Oshikiri)
Retail

Mitsubishi Estate takes on Simon Property in Indonesian outlet malls

After collaborating in Japan, property giants now pursue separate development projects

17 August 2024
Condominiums on the outskirts of Beijing in February. China's biggest cities have seen housing prices fall in the past three years, though not as much as smaller regional hubs. (Photo by Mizuho Miyazaki)
Property

China home prices down 8% from peak, with no end to decline in sight

Government rebuffs IMF call to support property sector despite continued woes

16 August 2024
The Cheung Kong Center II, developed by CK Asset Holdings, in Hong Kong. The conglomerate founded by tycoon Li Ka-shing has been snapping up assets in the U.K. this year.
Companies

Li Ka-shing's CK Group empire accelerates pivot to Europe

London listing, new acquisitions dilute exposure to Hong Kong and mainland China

15 August 2024
Workers at a commercial housing complex under construction by China Vanke in Nanjing, Jiangsu province. Labor disputes involving the property and manufacturing sectors have swelled in the first half of 2024 due to an economic slowdown.
Economy

Strikes hit China's property, manufacturing sectors as growth slows

Labor disputes reflect disparities in the country's social safety net

12 August 2024
Kaisa Group Holdings is one of several Chinese property developers facing winding-up petitions.
China debt crunch

China's Kaisa Group liquidation hearing adjourned by Hong Kong court

Property developer hopes to strike deal to restructure $12bn in offshore debt

12 August 2024
Tokyo Skytree is seen through condo buildings in the downtown of Japan's capital city. (Photo by Konosuke Urata)
Property

Condo prices in Tokyo's Roppongi triple 10 years after built

Foreign buyers see Japan property as relatively inexpensive

11 August 2024
China's central government is encouraging local governments to acquire property and build affordable housing on it. (Photo by Mizuho Miyazaki)
China debt crunch

China taps public debt to buy unused land from developers

New response to property slump risks further financial woes for local governments

9 August 2024
Swire owns exclusive rights to manufacture, market and distribute Coca-Cola products in 11 Chinese provinces and the city of Shanghai.
Food & Beverage

Swire's China Coca-Cola business mired in 'subdued' spending

Group turns toward Southeast Asia with 'appetite' for residential property

8 August 2024
Workers get lunch from roadside stalls near buildings under construction in Shenzhen's Qianhai New District, a commercial development sector of the city. The city government has begun to convert unsold apartments within its jurisdiction into affordable housing 
Property

Shenzhen throws weight behind China's drive to absorb unsold homes

City joins nationwide plan to convert abandoned projects into affordable housing

8 August 2024
Daiwa Securities aims to keep more of its wealth management services in-house by offering the loans.
Wealth Management

Japan's Daiwa to launch property loans in wealth management push

Group renews focus on high net worth clients by financing deals $2m and up

8 August 2024
China Evergrande Group has more than $300 billion in liabilities.
China debt crunch

Evergrande unit Kailong hit with investor liquidation petition in China

Mainland court reviewing case filed by Shenzhen-listed appliance maker Vanward

7 August 2024
Pre-owned homes for sale displayed at an real estate agent on June 26.
Caixin

Hong Kong pre-owned property prices hit eight-year low

While house prices continue to fall, rental market remains robust

7 August 2024
The skyline of Shenzhen, China. The country has been struggling to recover property investment sentiment since it launched a crackdown in 2020. (Photo by Yusuke Hinata)
Market Spotlight

As China's property market slumps, foreign investors get pickier

Singapore capital ticks up while Western buyers shy away from commercial sites

5 August 2024
President Xi Jinping must know property-related tax reform is needed, but party cadres with vested interests stand in his way. (Nikkei montage/Source photos by Yusuke Hinata)
China up close

Analysis: 'Chinese dream' gives way to an urban legend in Shenzhen

Real estate heartache leads to a tale of couples feigning divorce to get a loan

1 August 2024
Plaza 66, located on the ritzy Nanjing Road in downtown Shanghai, is the major breadwinner for Hong Kong's Hang Lung Properties but has suffered from changing consumer behavior.
Property

Hong Kong developer Hang Lung's shares sink 15% after profit cut

Revenue decline at high-end mainland shopping malls 'worse than expected'

30 July 2024
A Country Garden construction site in Kunming, China, in September 2019. The embattled developer's wind-up case in a Hong Kong court has been adjourned until January 2025.
China debt crunch

China property winding-up sagas show difficulty of recovering assets

Country Garden gets six-month respite as other cases highlight 'enforceability' problem

29 July 2024
Stream article image
Environment

NIKKEI Film: Wooden skyscrapers in the city of the future

Designers dream of 'green' high-rise buildings surpassing 350 meters

27 July 2024
China has "come to the end of its growth model" as the property slump continues to weigh on its economy, said GIC chief investment officer Jeffrey Jaensubhakij.
Property

GIC shifts to 'niche' real estate deals in China amid oversupply

Singaporean investor to reorient local team to make bets more granular

24 July 2024
The number of supposedly zero-energy homes that do not fully meet the qualifying criteria continues to increase in Japan, driven by the government's relaxation of subsidy standards aimed at encouraging their construction.
Datawatch

Over 30% of Japan's zero-energy homes fall short of requirements

An increase in below-standard houses could hamper its decarbonization efforts

20 July 2024
Though nickel is also used in EV batteries, its primary use is in stainless steel.
Commodities

Nickel prices hit 5-month low on sluggish China consumption

Country's ongoing property slump saps demand for new building materials

18 July 2024