Fulcrum Global Rebrands VZ Properties to NEXIS Property, Continues to Deliver First-Rate Asset Management Services to Customers

HONG KONG, Sep 8, 2022 – (ACN Newswire via SEAPRWire.com) – Fulcrum Global (Hong Kong) Limited (“Fulcrum Global” or “the Group”), a premier platform for international property investments, is pleased to announce that the trading name of its wholly owned subsidiary VZ Properties / V Properties UK will be changed to NEXIS Property (“NEXIS”), effective […]

Some China state-backed financiers cold shoulder property rescue call: Sources

HONG KONG/SHANGHAI (REUTERS) – Some of China’s state-backed financial institutions are pushing back on Beijing’s calls to support the embattled property sector due to concerns about the impact of such exposure on their balance sheets, seven people with knowledge of the matter said. Without explicit financial backstop from Beijing, senior executives at some of the […]

REDSUN SERVICES’s 2022 Interim Profit Attributable to Equity Shareholders Increases 15.8% to RMB69.3 million

HONG KONG, Aug 23, 2022 – (ACN Newswire via SEAPRWire.com) – Redsun Services Group Limited (“Redsun Services” or the “Group”), a fast-growing comprehensive community services provider with a strong presence in the Yangtze River Delta region, has announced its interim results for the period ended 30 June 2022. The Group reported collaborative development in its […]

China property crisis threatens to drag down steel industry

BEIJING (BLOOMBERG) – China’s steel industry is entering a precarious new era as a worsening property crisis imperils demand and Beijing’s construction-led growth model looks increasingly untenable. Almost a third of China’s steel mills could go into bankruptcy in a squeeze that’s likely to last five years, Li Ganpo, founder and chairman of Hebei Jingye […]

PropertyBT Podcast: Opportunities in overseas property

Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT by The Business Times shares insights on all things Singapore property to help you on your property investment journey. Episodes feature views and insights from property analysts. Is it a good time to shop for a home overseas, especially since homes in Singapore are expensive, yield may be low, and […]

China central bank eyes $205 billion bailout for cash-strapped developers: FT

BENGALURU/HONG KONG (REUTERS) – China will help property developers by issuing 1 trillion yuan (S$205 billion) in loans for stalled developments, the Financial Times said on Thursday (July 28), as the government tries to revive the debt-stricken sector and relieve pressure on the economy. Once a key pillar of growth, China’s property sector has been […]

KWIH launches Navale in Shanghai and Sierra in Nanjing, First batch of units fully subscribed on the first launch day

HONG KONG, July 18, 2022 – (ACN Newswire) – K. Wah International Holdings Limited (“KWIH” or “the Group”) (stock code: 00173) launched premium residential property projects, Navale in Pudong New District, Shanghai, and Sierra in Jianye District, Nanjing, for sale this June. Both recorded satisfactory results. The first batch of units nearly sold out on […]