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Yang Huiyan Country Garden

Country Garden Sells Project to SOE for $387M and More Asia Real Estate Headlines

2024/03/25 by Ponrath Sopannarath Leave a Comment

Country Garden has agreed to sell its stake in a Guangzhou commercial building to a government owned company in a $387 million deal, with that story leading Mingtiandi’s headline roundup today. South Korea’s second-biggest financial group also makes the list,… Read More>>

China Probes PwC Role in Evergrande Fraud Case and More Asia Real Estate Headlines

2024/03/22 by Ponrath Sopannarath Leave a Comment

Chinese authorities are examining the role of bankrupt developer Evergrande’s former auditor, with that story leading today’s headline roundup. US-based DigitalBridge is also making news as it readies a bid for Australian data centre firm AirTrunk, while Japan’s Seibu is… Read More>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan (Getty Images)

Evergrande Founder Xu Jiayin Banned From China Securities Market Over Fake Reports

2024/03/19 by Christopher Caillavet Leave a Comment

A top mainland financial regulator has slapped China Evergrande’s founder and former chairman, Xu Jiayin, with a lifetime ban from the country’s securities market after concluding that the now-bankrupt developer reported two years of bogus results and issued bonds based… Read More>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

$64M Hong Kong Mansion Marketed by Receivers as Evergrande Liquidation Continues

2024/03/01 by Kevin He Leave a Comment

A second Hong Kong mansion linked to China Evergrande Group’s fallen chairman Xu Jiayin has been put up for sale after being seized by receivers, as creditors liquidate assets in the wind-up of what was once China’s largest developer.

Receivers… Read More>>

Hui Ka Yan or Xu Jiayin, a Chairperson of Evergrande Group

Evergrande Founder’s Ex-Wife Sues Son for $128M and More Asia Real Estate Headlines

2024/02/27 by Ponrath Sopannarath Leave a Comment

The ex-wife of Hui Ka Yan, China Evergrande founder, files a lawsuit against his second son over $128 million, with that story leading Mingtiandi’s headline roundup today. Also making the list, Hong Kong’s beleaguered property industry is hoping that relief… Read More>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

Evergrande Liquidators Said Exploring Legal Action Against Former Auditor PwC

2024/02/19 by Kevin He Leave a Comment

The liquidators of China Evergrande Group are reportedly considering a lawsuit against the builder’s former auditor PricewaterhouseCoopers (PwC), as creditors holding $23 billion of the bankrupted company’s offshore debt scramble for compensation.

Appointed last month to liquidate Evergrande’s Hong Kong-listed… Read More>>

Goldman Sachs Gives Up Office Floor in Hong Kong and More Asia Real Estate Headlines

2024/02/11 by Ponrath Sopannarath Leave a Comment

US investment bank Goldman Sachs has relinquished a floor in Hong Kong’s Causeway Bay, with that story leading Mingtiandi’s headline roundup today. Also in the news, data centre group Equinix announces its first long-term renewable energy deal in Asia Pacific… Read More>>

China Home Price Rebound Gains Pace and More Asia Real Estate Headlines

2024/02/01 by Ponrath Sopannarath Leave a Comment

China’s relaxation of home purchase restrictions has spread into the country’s wealthiest markets in recent weeks and average home prices are already starting to drift upward, with that story leading Mingtiandi’s headline roundup today. SGX-listed Daiwa House Logistics Trust also… Read More>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

Hong Kong Court Orders Wind-Up of China Evergrande as Liquidators Appointed

2024/01/29 by Kevin He Leave a Comment

China Evergrande Group was issued a wind-up order by Hong Kong’s High Court on Monday, setting in motion the liquidation of a company once ranked as China’s largest developer as it struggles with $329 billion in debts against $240 billion… Read More>>

Evergrande Selling Stake in Guangdong Project and More Asia Real Estate Headlines

2024/01/26 by Ponrath Sopannarath Leave a Comment

China Evergrande’s Hengda subsidiary is selling its entire 65 percent stake in a project in Guangdong province for $19.4 million, with that story leading today’s headline roundup. Also making the cut, mainland developer Jingrui fails to repay a $165 million… Read More>>

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