Country Garden has won approval from its creditors to extend payments for an onshore private bond, according to sources and a document seen by Reuters, in a major relief for the embattled Chinese ...
Explainer-Country Garden: How bad are the Chinese property developer’s debt problems?
China is grappling with a slowdown that has rattled global markets, with the spotlight now focused on troubled developer Country Garden's debt crisis in the property sector, which accounts for roughly ...
How Evergrande’s downfall signaled China’s property crisis
Hitting up employees for funds was just one of a number of unusual practices employed by the real-estate empire before it came to the brink of collapse under the weight of hundreds of billions of ...
Country Garden: How bad are Chinese property developer’s debt problems?
China is grappling with a slowdown that has rattled global markets, with the spotlight now focused on troubled developer Country Garden's debt crisis in the property sector, which accounts for roughly ...
Tycoon Chen Hongtian’s seized US$86.7 million Frank Gehry-designed Hong Kong flat sells at 38% discount
Chen bought the 5,154 sq ft flat in the Frank Gehry-designed Opus Hong Kong development for HK$387 million (US$49 million) in 2015 The property was one of three assets seized by creditors earlier this ...
Chinese wary of buying property despite stimulus
STORY: Fears about the economic slowdown are stopping Shanghai residents from buying property.Despite a raft of measures rolled out by the Beijing government this week to revive the economy and target ...
‘Too afraid to buy’:China’s slowing economy overshadows property easing moves
Real estate agents have been calling Daisy Wu non-stop to get her to buy an apartment in the southern Chinese city of Shenzhen, but the 28-year-old said she was too worried about the slowing economy ...
Hong Kong’s mortgage loans drop 18.2% in July: HKMA
Applications also fell to 8,086. Hong Kong saw lower demand for mortgages in July, according to data from the Hong Kong Monetary Authority (HKMA) The number of mortgage loans approved was HK$28.1b in ...
Hong Kong cannot afford to be caught off guard by arrival of Saola
As city goes on disaster alert for super typhoon, the warning is to be prepared and remain vigilant Weather forecasting is much less an inexact science than it once was. But typhoons still pose a ...
Inside the downfall of embattled property developer China Evergrande
By Engen Tham, Julie Zhu, Clare Jim SHANGHAI/HONG KONG -In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pay ...
How Evergrande’s collapse foreshadowed China’s property crisis
In the beginning, Hui Ka Yan followed a simple formula. Borrow to buy land. Sell homes on the site before they are built. Use the cash to pay lenders and finance the next real estate project.
The 40-year mortgage is an indictment of Britain’s failing property market
Is there nothing HSBC won’t do in the name of making the world a better place? From the bank that became a money-laundering hub for Mexican drug cartels and has recently been accused by MPs of ...
Country Garden: Debt crisis-hit China property giant in record loss
Country Garden, one of China's biggest property developers, has become the latest real estate giant to warn that it could default on its debts. This came as the crisis-hit company reported a record $6 ...
Chinese cities ease mortgage rules in bid to revive property sector
BEIJING/HONG KONG (Reuters) -Two of China's biggest cities eased mortgage curbs and the country's top banks flagged mounting risks from the deepening property sector turmoil on Wednesday, as Beijing ...