Psst! Me Old Cocker. Got 175 Rock? London's Most Expensive Gaff For Sale In Whisper Listing
Real Estate
Office Landlords Shifting To Tiered-Membership Model In Hong Kong
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Suck It Up: Dyson Takes Multimillion-Dollar Loss On Singapore Digs
"An offer of S$62 million has been accepted for the "super penthouse" – or a drop of more than 15% from Dyson's purchase price. -
Swire Properties Sells 21-Story Hong Kong Building For $1.27 Billion
"Swire Pacific attributed its interim loss to the slump in the business of its Cathay Pacific Airways unit.
The Latest
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China Unveils 1 Trillion Yuan Rescue Package for Crisis-Hit Property Sector
China has announced a comprehensive rescue package for its crisis-stricken property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, while local governments are set to buy "some" unsold apartments. 
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China's Property Market Sees Sharp Decline in May Day Home Sales
China's real estate sector faced a significant setback during the recent May Day holiday period, with average daily home sales plummeting by 47% compared to the previous year, according to a private survey released on Monday. The data, compiled by the China Index Academy, indicates a worrying trend of declining demand in the housing market, prompting calls for urgent policy interventions to stabilize the industry. 
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China Vanke's Stocks and Bonds Dip Following Downgrade and Executive Probe
In a tumultuous week for China Vanke, shares and bonds of the property giant took a hit following a downgrade by S&P and the revelation that a company executive is under investigation. The Shenzhen-listed stock of China's second-largest developer by sales fell 1.8%, hitting its lowest point since May 2014, while its Hong Kong shares also dipped to a record low. 
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Mortgage Rates Inch Higher as Housing Market Remains Stalled Amid Affordability Crisis
Mortgage rates have risen slightly this week, further compounding the ongoing housing affordability crisis and dampening homebuyer demand. According to Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, the average rate on the benchmark 30-year fixed mortgage increased to 6.82% from 6.79% last week, while the average rate on the 15-year fixed mortgage dipped slightly to 6.06% from 6.11%. 
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Dalian Wanda Group Partially Divests Mall Unit in $8.3 Billion Deal with PAG Consortium
China's Dalian Wanda Group has agreed to relinquish majority control of its influential mall unit, in a strategic deal valued at $8.3 billion. 
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Catastrophic Risks Prompt State Farm to End Renewals for 72,000 California Properties
State Farm, a leading insurance provider, has announced a significant shift in its operations in California, opting not to renew policies for 72,000 homes and apartments starting this summer. 
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China Evergrande's Flagship Unit Accused of Inflating Revenue by $78 Billion, Founder Hui Ka Yan Banned for Life
China Evergrande Group founder Hui Ka Yan has been barred from the securities market for life and fined 47 million yuan ($6.53 million) after the China Securities Regulatory Commission (CSRC) accused the group's flagship unit, Hengda Real Estate, of inflating results, engaging in securities fraud, and failing to make timely disclosures. 
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Country Garden Faces Financial Strain, Misses Bond Coupon Payment Amid China's Housing Slump
Country Garden Holdings Co., a significant player in China's real estate industry, is grappling with severe financial difficulties, underscored by its failure to fulfill a coupon payment on a yuan-denominated bond. 
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Asset Liquidation Continues as Evergrande Chairman's Mansion Hits the Market
The unfolding saga of China Evergrande Group's financial collapse has taken another turn with the sale of a second mansion in Hong Kong linked to the company's chairman, Hui Ka Yan, as the beleaguered property giant continues to grapple with its debt crisis. 
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Country Garden Faces Liquidation Suit Amid China's Real Estate Turmoil
Amid escalating concerns in China's real estate sector, Country Garden, once a leading property developer, is now at the heart of a liquidation crisis that could have significant repercussions for the industry.
