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 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. -
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. -
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. -
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. -
U.S. Housing Market Struggles Continue with Mortgage Applications Falling Amid 7% Rates
This downturn is mirrored by a concerning trend that sees home-buying demand nearing its lowest point since 1995, as mortgage rates remain steadfastly above the 7% mark.
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Country Garden Faces Liquidation Petition Over Unpaid $204M Loan, Shares Tumble
Country Garden Holdings, a prominent Chinese property developer, is facing a significant challenge as it received a liquidation petition from Ever Credit Limited, a creditor, over an unpaid loan totaling 1.6 billion Hong Kong dollars ($204.4 million). -
Hong Kong Court Orders Evergrande Liquidation, Deepening Property Crisis
The Hong Kong High Court's decision to order the liquidation of Evergrande Group, the globe's most indebted real estate developer, has sent ripples through the financial markets, exacerbating concerns over the already fragile state of China's property sector. -
Warning from Fitch: 88% of Major U.S. Cities Have Overvalued Housing Prices
According to reports, Fitch Ratings' latest report indicates that 88% of housing prices in major U.S. metropolitan areas are overvalued. -
Evergrande's Unit Takes Legal Action Against Parent Company Over $279 Million Pledge Guarantees
Evergrande Property Services Group, through its subsidiary Jinbi Property Management Company, has initiated legal proceedings against Hengda Real Estate Group Company and its parent, China Evergrande, among others. -
China Evergrande's New Equity Offer Draws Bondholders' Doubts Amid Debt Challenge
China Evergrande's latest attempt to address its mounting debt crisis involves a proposal for offshore bondholders: convert their debt into nearly a 30% equity stake in each of the developer's two Hong Kong-listed subsidiaries. However, the embattled property firm's proposition is meeting skepticism, as it grapples to prevent a potential liquidation.