China's housing sector risks falling into bear market, Citi says

HONG KONG (BLOOMBERG) – China’s home prices are at risk of “meaningful downside” regardless of what happens to China Evergrande Group, according to Citigroup analysts, in what would be a further drag on the country’s economic growth. “It seems clear that even in an orderly restructuring, the property sector in

China's escalating property curbs point to Xi's new priority

BEIJING (BLOOMBERG) – After a years-long campaign to tame property prices, China is upping the ante to break a stubborn cycle of gains that has made homes increasingly unaffordable. In recent days, China raised mortgage rates in a major city, vowed to accelerate the development of government subsidised rental housing and

S'pore private home prices rise 2.1% in Q4, fastest pace since mid-2018: Flash URA data

SINGAPORE – Prices of private homes in Singapore rose for a third consecutive quarter, defying the Covid-19 pandemic and a recession. The overall price index for private residential properties climbed 2.1 per cent in the fourth quarter of 2020, faster than the 0.8 per cent increase in the third quarter,