You can now buy a second-hand Shanghai skyscraper that once belonged to a disgraced tycoon. But only if you act now, and only on Taobao.
The sale of Tomorrow Square, once the tallest building in Shanghai’s Puxi area, includes only… Read More>>
Former China Development Bank Boss Arrested, Said to Have Funnelled Loans to HNA
The former head of a major Chinese policy bank has been officially arrested for “suspected serious violations of discipline” according to official government statements late last week.
Hu Huaibang, who had served as chairman of China Development Bank… Read More>>
Troubled Mainland Investor Sells Wan Chai Office Floors for HK$1.8B in Liquidation Sale
Troubled investors from mainland China continue to generate activity in Hong Kong’s real estate market, with a set of three office floors belonging an energy firm having recently sold in Wan Chai just over a year after the company’s chairman… Read More>>
CEFC Europe Deals Hit the Wall as Investment Firm Defaults on $327M in Bonds
One of China’s most troubled cross-border investors became the mainland’s latest default story this month as a unit of China CEFC Energy informed the Shanghai stock exchange that it had failed to fulfill obligations for bond payments totalling RMB 2.09… Read More>>
CITIC Comes to CEFC’s Rescue in Europe and More Asia Real Estate Headlines
At the top of today’s new roundup, China’s CIITC Group has once again come to the rescue of a troubled overseas project as the state-run investment giant announces a European JV with scandal-plagued CEFC.
And if joint ventures don’t light… Read More>>
China’s CEFC Lights Up $3.2B Real Estate Fire Sale as Founder Under Investigation
CEFC China Energy, whose founder has reportedly been detained for questioning, is said to be selling properties in mainland China, Hong Kong, the US and Europe valued at over RMB 20 billion ($3.2 billion) as it struggles to repay debts… Read More>>
Trump India Partner Accused of $147M Fraud and More Asia Real Estate Headlines
Apparently not content with dominating US political news, the Trump Organization has oozed into Asia’s real estate headlines today, with the story that an India based partner of the US president’s company is accused of running off with at least… Read More>>
CEFC Chief Invested Billions in Real Estate – Now Said Detained
CEFC China Energy emerged from obscurity to buy up a horde of overseas assets from energy firms to European real estate. Now the ambitious but secretive mainland conglomerate is in trouble.
The head of CEFC has reportedly been detained for… Read More>>
Czech It Out: China Heads Further into Europe With $312M Prague Deal
New York was too hot, London might be getting too cold, but it seems Prague was just right for the latest Chinese conglomerate looking for cross-border real estate investments.
Privately held CEFC China Energy last week acquired the Florentinum office… Read More>>