China Evergrande Group’s liquidators have launched legal proceedings against the company’s former auditor PricewaterhouseCoopers (PwC) and valuer CBRE as part of an ongoing effort to recoup losses on behalf of the collapsed mainland developer’s creditors, as the firms face accusations… Read More>>
Liquidators Pursuing Evergrande Boss and Associates for $6B in Ill-Gotten Gains
Reported to be detained since September last year, life is getting worse for China Evergrande Group founder Xu Jiayin and some of his crew, as liquidators of the mainland developer are now seeking to recover $6 billion in dividends and… Read More>>
China Home Sales Slump Continued in July and More Asia Real Estate Headlines
China’s residential slump deepened in July, with that story leading Mingtiandi’s headline roundup today. Also making the list, a Hong Kong mansion sells for 60 percent of the asking price and China’s Gemdale unloads a Seattle apartment tower for $174… Read More>>
Asia Real Estate People in the News 2024-07-29
Central banking leads this week’s collection of personnel moves from around Asia, with Hong Kong renewing the head of its monetary authority for a fresh term. Also making the list is fresh China leadership for Singapore’s Mapletree and a new… Read More>>
NWD Sells Hong Kong Homes at Eight-Year Low Price and More Asia Real Estate Headlines
New World Development and Far East Consortium are marketing a residential project at the lowest prices in eight years, with that story leading Mingtiandi’s headline roundup today. Also making the list, Malaysia’s Johor has attracted more than 50 data centres… Read More>>
Hong Kong’s Wang On Declares $95M Loss and More Asia Real Estate Headlines
Hong Kong developer Wang On Properties has swung to a $95 million loss, thanks in part to write-downs on its project pipeline, with that story leading today’s headline roundup. Also in the news, mainland developer Sino-Ocean says it will miss… Read More>>
China May Home Prices Fell at Fastest Pace in a Decade and More Asia Real Estate Headlines
China’s home price slide accelerated in May, despite government efforts to support the sector, with that story leading Mingtiandi’s headline roundup today. Also making the news is developer China Vanke, which saw its shares drop after taking out a $565… Read More>>
$2.7B Data Centre Planned in the Philippines and More Asia Real Estate Headlines
A plan for the Philippines’ largest data centre leads today’s headline roundup at Mingtiandi as a 300MW project is announced north of Manila. Also in the news, a villa on Hong Kong’s Peak once belonging to China Evergrande’s CEO has… Read More>>
Assets Linked to Singapore Money Launderers Set to Sell and More Asia Real Estate Headlines
Singapore shophouses lead Mingtiandi’s headline roundup today as a set of properties linked to a money-laundering case in the city-state are said to be selling for over $74 million. London also makes the list as a Taiwanese developer checks out… Read More>>
Regulator Rejects Evergrande Founder’s Appeal as EV Arm Risks Land Confiscation
A top mainland regulator dismissed statements of defence provided by China Evergrande’s founder and former chairman, Xu Jiayin, and other executives penalised for their role in financial fraud and disclosure lapses at the bankrupt developer.
In a document dated 21… Read More>>
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