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Daryl Maguire

Country Garden Denies Bribing Politicians to Help Secure Sydney Area Sites

2018/07/17 by Michael Cole Leave a Comment

Australia’s real estate market has been scorching in recent years with brokers struggling to supply an adequate pipeline of sites to both local developers and a growing cast of mainland players hungry to build more homes in Sydney, Melbourne and… Read More>>

He Binwu China Jinmao

Boss of China Minsheng Real Estate Unit Out After China Jinmao Raided by HK Anti-Graft Body

2017/10/26 by Greg Isaacson Leave a Comment

The chairman of a Hong Kong-listed developer controlled by China’s largest privately owned investment group abruptly stepped down this week, on the same day that the executive’s former employer revealed that it had been raided by Hong Kong’s anti-graft body.

… Read More>>

Qiu He Yunnan

Leading Yunnan Official Detained Over Dodgy Real Estate Deals

2015/03/17 by Michael Cole Leave a Comment

The second ranked official from southwestern China’s Yunnan province headed to Beijing for the annual meeting of China’s legislature earlier this month, but failed to return home with the rest of his delegation after being detained over what are said… Read More>>

Hebei official's loot

Low Level Chinese Official Caught with RMB 120M Cash, 37 Kg of Gold and 68 Houses

2014/11/16 by Michael Cole 1 Comment

Ma Chaoqun never amounted to much in the ranks of China’s government, but this mid-level manager who spent decades at a state-run water company in Hebei seems to have made the most of it, and then invested the most of… Read More>>

Su Shunhu

Tracking Proceeds of Chinese Corruption to Australia’s Real Estate Market

2014/10/27 by Michael Cole Leave a Comment

The head of China’s top graft buster launched “Operation Fox Hunt 2014” just three months ago to track down fleeing officials and their fraudulent gains, and the new anti-corruption initiative already seems to be leading to Australia’s booming real estate… Read More>>

distressed residential

How Xi Jinping is Helping Jack Ma Sell 41,000 Properties on Taobao

2014/10/23 by Michael Cole Leave a Comment

When President Xi Jinping launched his anti-corruption drive last year by declaring war on “tigers and flies” few could have imagined that he was also helping Internet magnate Jack Ma to launch a whole new ecommerce initiative.

Now Ma’s Taobao.com,… Read More>>

CY Leung UGL DTZ

How CY Leung Legally Collected $6.5M Fee on DTZ Sale (Really)

2014/10/14 by Michael Cole Leave a Comment

Most observers agree that Hong Kong chief executive CY Leung did nothing illegal in extracting a $6.5 million payment for his part in the $124 million 2011 sale of DTZ to UGL.

However, as more details emerge about the timing… Read More>>

Agile Property Chen Zhuolin

Agile Property Boss Falls into Official Custody – Developer Cancels Rights Issue

2014/10/12 by Michael Cole Leave a Comment

Struggling China real estate developer Agile Property took a serious tumble last week when it announced the cancellation of an upcoming rights issue and the detention of Chairman Chen Zhuolin by government authorities.

Mr Chen was said to be confined… Read More>>

Baby Zeng Jie Fantasia Holdings

Developer Fantasia Adjusts Sales Target as Profits Fall 68 Percent

2014/08/18 by Michael Cole Leave a Comment

Hong Kong-listed Fantasia Holdings became the first mainland developer to cut its sales target this year after it announced late last week that it had suffered a 68 percent fall in profits during the first half of 2014.

The Shenzhen-based… Read More>>

Zhou Yongkang

Zhou Yongkang Felled for Corruption Amid Questionable Real Estate Deals

2014/07/30 by Michael Cole Leave a Comment

China’s Xi government took down the biggest trophy to date in its campaign against corruption, and the fall of former politburo member Zhou Yongkang can be attributed in part to a pattern of using political influence to win lucrative business… Read More>>

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