Chinese state developer Poly Developments and Holdings will cut jobs at its Australian real estate arm as it moves to slow capital investments in Australia amid a coronavirus pandemic-led downturn and … ( read original…
Tagged By property
Blackstone’s China Real Estate Head Tim Wang Leaves After 10 Years
Tim Wang, a senior managing director at Blackstone Group Inc., is leaving after 10 years at one of the world’s biggest alternative asset managers, people familiar with the matter said. ( read original story …)
Chinese Property Tycoon Who Called Xi Jinping A ‘Clown’ Imprisoned For 18 Years
A Beijing court has sentenced Ren Zhiqiang, a former real estate executive, to 18 years in prison on corruption charges, months after he called Chinese President Xi Jinping a “clown” for his handling … (…
China’s middle-class dream of a second home in Malaysia dashed by coronavirus and geopolitical tensions
Many Chinese people, having left the tropical Southeast Asian nation amid the pandemic, are opting to cut their losses and sell their Malaysian homes remotely, at a steep loss. ( read original story …)
Chinese Real Estate Billionaire Scrambles To Raise Cash As Debts Reach $123 Billion
Hui Ka Yan is finally taking steps to reduce the massive debt pile at his property developer China Evergrande Group, but the costs of doing so are piling up rapidly. ( read original story …)
Justice Department slams China in hacking scheme for ‘stealing intellectual property, stifling freedom’
Five members of an alleged Chinese hacking group have been indicted for their role in a scheme to hack into more than 100 companies in the U.S., the Justice Department announced. ( read original story…
China’s home foreclosures soar as nation’s debt-fuelled property bull run sputters on falling income and dim job prospects
Nowhere is the problem more serious than in Guangzhou, where 33,000 foreclosures were reported in a city whose economy shrank 2.7 per cent last year, more than the national average of 1.6 per cent. (…
China’s Jan-Aug property investment rises 4.6% y/y
August from a year earlier, official data showed on Tuesday, accelerating from the 3.4% growth seen in the first seven months of the year. ( read original story …)
China’s Demand for Condo Butler Service Sparks 390% Stock Gain
Surging demand for butler-like concierge service at the millions of condominiums in China is creating one of the hottest sectors in the nation’s stock market. ( read original story …)
Eastern Chinese city to tighten property market curbs
The eastern Chinese city of Changzhou will impose tighter restrictions on property transactions in a bid to defuse speculation in a market quickly recovering from the coronavirus crisis, the official … ( read original story…
Beware Chinese Property Firms in Tech’s Clothing
Investors are willing to pay a premium for KE Holdings, trying to disrupt the world’s largest housing market, but the fast-rising valuation of the Chinese real-estate platform could limit its further … ( read original…
UPDATE 1-Chinese property firms weigh cutting home prices after Evergrande’s deep discounts
Country Garden, China’s top property developer, and smaller real estate firms are weighing bigger discounts on homes after Evergrande announced its steepest ever discount, analysts and a source said. ( read original story …)
Chinese property firms weigh cutting home prices after Evergrande’s deep discounts
Country Garden, China’s top property developer, and smaller real estate firms are weighing offering bigger discounts on home buys after rival Evergrande unveiled its steepest ever discount this week, … ( read original story …)
