Now the 66-year-old doesn’t even figure among China’s top 30 richest people, having lost about $32 billion of his personal fortune in less than six years — the most for any tycoon in that period.…
Tagged By property
China’s property market abuzz as authorities walk tightrope to recall illegal loans
China’s property market was abuzz last week after a photo distributed online showed a bank letter demanding early repayment of a personal loan of nearly 300 million yuan (US$46 million). The letter, … ( read…
Singapore Property Dynasty’s China Deal Is a Cautionary Tale
When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy. Almost a year later, it has … ( read original…
China’s new home prices accelerate in February, property investment soars
BEIJING (Reuters) – New home prices in China rose at their fastest pace in five months in February, official data showed on Monday, as red-hot demand for property in the world’s-second largest economy … (…
Singapore Property Dynasty’s China Deal Becomes Cautionary Tale
When Singapore’s richest property family invested in a Chinese real estate group, the deal was touted as “game-changing” for its expansion in Asia’s largest economy. Almost a year later, it has … ( read original…
CDL, Sincere Property disagree over the Chinese developer’s missed debt payment
SINGAPORE – Sincere Property Group was already one of the largest real estate developers in Chongqing city in central China before it made headlines here when Singapore’s City Developments Limited’s … ( read original story…
China’s Ant says to not issue loans to minors, prevent loans flowing into stocks, property
China’s Ant Group on Friday said its consumer loan platforms will not issue loans to minors, and will prevent small business loans from flowing into stock and property markets. ( read original story …)
Singapore Developer Spats With China Unit After Bond Lapse
(Bloomberg) — An escalating feud between Singapore’s richest property family and its troubled Chinese unit … it dubbed the deal as “game changing” for its expansion in China but it has since … ( read…
China’s runaway house prices may ease as centralised land sale forces developers to curb spending spree
Developers will be forced to rethink their land buying needs as the government sets auction frequency to three times a year under the new centralised scheme. ( read original story …)
‘Go Back to China!’: Real Estate Agent Loses Job After Racist Rant Caught on Camera
A real estate agent living in Brooklyn, New York is now out of work after telling an Asian gym manager to “go back to China.” The incident, which was caught on video, occurred at a…
China omits property tax from 2021 legislative agenda
China omitted mention of a property tax in its 2021 legislative plan on Monday for a second consecutive year as the government focuses on boosting consumption to cement an economic rebound from the … (…
China Fortune Land Becomes First Victim of ‘Three Red Lines’
China Fortune Land Development Co. has defaulted on a $530 million dollar bond, becoming the nation’s first real estate firm to suffer a repayment failure since Beijing tightened controls of the … ( read original…
China to fully improve property right system
China will fully improve the property right system, according to a draft outline of the 14th Five-Year Plan for national economic and social development and the long-range objectives through the year … ( read original…
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