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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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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. 
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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. -
Evergrande Faces December Deadline for Debt Restructuring Proposa
China Evergrande Group, the heavily indebted Chinese property behemoth, finds itself at a crucial crossroad. The Hong Kong High Court has extended a five-week grace period for the beleaguered developer to finalize a deal with its creditors. If Evergrande fails to offer a concrete revised restructuring proposal by December 4th, the firm could face imminent liquidation, per Justice Linda Chan's directive. -
China Evergrande Reworks Debt Restructuring Amid Mounting Challenges
China Evergrande Group, the beleaguered property giant ensnared in a massive debt crisis, is in the process of amending terms of its previously proposed $20 billion offshore debt restructuring deal. The move comes in response to evolving circumstances for the firm and the demands of its creditors, according to a disclosure on Friday. 
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U.S. Home Sales Plunge to a 13-Year Nadir Amid Mounting Rates and Prices
September saw a sharp decline in the U.S. housing market, with sales of existing homes plummeting to their lowest levels since 2010, according to data released by the National Association of Realtors (NAR). The decline underscores the headwinds faced by potential homeowners, as a combination of rising mortgage rates and surging home prices diminished affordability. 
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Turbulence in China’s Real Estate: Country Garden Faces Payment Delays and Stalled Overseas Ventures
In a new twist to China's tumultuous real estate sector, leading property developer Country Garden has failed to make a $15 million coupon repayment. This lapse has raised alarms, with sources revealing that bondholders, anxious about potential defaults, are now pushing for immediate discussions with the developer. 
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Country Garden's Founding Family Steps In Amid Financial Strain: A Glimpse into China's Real Estate Turbulence
The founding family of Country Garden Holdings, one of the nation's largest real estate firms, has reportedly provided a substantial interest-free loan to the company. Amidst the backdrop of a broader financial crunch in the Chinese real estate sector, this development offers a window into the challenges and responses of major players in the industry. 
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Country Garden's Financial Struggles Deepen Amid China's Real Estate Crisis
In a stark reminder of the ongoing real estate crisis in China, Country Garden, once the nation's largest real estate developer, has issued its second warning in just over two months about a potential default on its staggering $190 billion debt. This development comes as the company grapples with a liquidity crisis, compounded by a persistently weak property market and challenging refinancing conditions. 
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Vietnam's Real Estate Tycoons in Hot Water: Billions in Fraudulent Fundraising Exposed
Last year, Vietnam's Ministry of Public Security arrested Zhang Meilan, the chairperson of the board of directors of Wanshengfa, along with other senior executives of the company, on charges of fraudulently acquiring assets. These executives were also believed to have ties to the Saigon Commercial Bank, leading to a brief run on the bank. 
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Evergrande Saga Deepens: Chairman Hui Ka Yan Investigated Over Offshore Transfers
In a recent development that has sent shockwaves through the financial world, Hui Ka Yan, the chairman of China's debt-laden property giant Evergrande Group, is under investigation by Chinese authorities. The probe is centered around suspicions that Hui attempted to transfer assets offshore while the company was mired in a quagmire of unfinished projects. 
