With RMB 35.9 billion in debts coming due this year, financially troubled developer Logan Group is selling 40 percent of an expressway project in southwestern China to Hong Kong’s New World Group for RMB 1.9 billion ($290 million).
Amid China Property Downturn, A Naked Grab For Attention
Chinese property firms’ naked grab for publicity has bared for all in the mainland an indecorous and unsurprisingly effective marketing peccadillo: the use of nude young women to sell splashy hot condos.
As China’s real estate market takes a turn… Read More>>
Logan Group Plans 383-Metre Tower in Chinese City of 1.8M People
A Hong Kong architecture firm today unveiled their plans for Nanning Logan Century, a 383-metre tower that would give Logan Property Group the tallest building in Guangxi province, and one of the biggest skyscrapers in China.
Hong Kong architecture firm Dennis… Read More>>
Chinese Real Estate Developer Gets 13 Years for “Storing” Tiger Penises
A Chinese property developer went to jail this week after killing three tigers, eating their flesh, and apparently storing their penises in his refrigerator.
The wealthy real estate investor from the southern province of Guangxi was only identified by his… Read More>>