Investing

Goldman Sachs to invest $1.3M in Japan real estate this summer

Goldman Sachs Group Inc. announced plans to launch a private real-estate investment trust in Japan this summer, according to news reports.

Chinese developers face survival test as funding crunch intensifies

The funding crisis for mainland Chinese property developers is intensifying, ratings agencies say, with real-estate builders facing spiking borrowing costs and a limited ability to raise cash at a time when sales and economic growth are slowing.

China disperses $10 bln of public housing funds

China's Ministry of Finance said on Thursday it had given 66 billion yuan ($10.5 billion) to local governments to help build public housing for rent, one of five categories of state-subsidised affordable housing.