
More recent developments

Beijing issues roadmap for new urban renewal effort
Central authorities have just launched a major new round of urban renewal. On Thursday, the Party Central Committee and State Council issued guidelines on upgrading aging urban areas. The guidelines provide a roadmap for upgrading cities, including: Renovating older buildings,… Read More »

Vanke gets more love from state backer
Authorities are helping to pay back property developer giant Vanke’s debt – again. On Wednesday, Vanke announced it had secured an RMB 1.55 billion loan from its biggest shareholder, state-owned Shenzhen Metro Group. The three-year loan will help cover debt… Read More »

Henan city mulls fully abolishing housing presales
Xinyang – a third-tier city in Henan province – may become the first city to completely ban housing presales. Some context: In China, most new builds are presold, requiring upfront payment years before delivery. But developer defaults have delayed the… Read More »