In this week’s edition of People in the News, the chairman of a major Shenzhen-listed developer has retired after 14 years in charge, while the chief executive officer of Asia’s biggest developer steps down from chairing the executive committee of… Read More>>
After 12 years of enjoying rock-bottom interest rates, mortgage-holders in the world’s most expensive city in which to buy a home saw their days of cheap financing come to an abrupt end this past week as some 13 banks announced… Read More>>
A six decade old Hong Kong company is shaping a new future in London, after branching out from injection molds. Also in the news, Wong Chuk Hang continues to be a hot spot after the opening of the South Island… Read More>>
Hong Kong’s neighbors from the north continue to make a big noise in the city’s property markets this past week as mainland firms continue to buy, lease and otherwise grab hold of more bricks and mortar in the city. On… Read More>>
It’s nearly time to wrap up those summer vacations and get back to work, and many of Asia’s real estate professionals will be returning from their summer road trips to start driving new desks this month. Leading off this week,… Read More>>
WeWork is known for providing a workspace for startups, freelancers and other smaller entities so the company’s GM for Hong Kong, Australia and Korea Henek Lo might have been a little surprised when banking giant HSBC called up to rent… Read More>>
Foreign banks seem to be coming under pressure to cut back on US dollar lending to Chinese borrowers as HSBC has suspended new mortgages for some mainlanders buying American homes.
The London-based bank, which was formerly known as the Hong… Read More>>
This week appears to be promotion week in Asia Pacific for one of the big commercial agencies, with a squadron of senior team members moving up a notch, and even some new faces joining. Elsewhere we have a Hong Kong… Read More>>
Attempts by Kaisa Group to stonewall its creditors in the face of serial defaults appear to be backfiring after bank accounts belonging to the Hong Kong-listed developer were frozen, and bond-holders began banding together for legal action.
The defaulting developer’s… Read More>>
Kaisa Group, which defaulted on a $51.6 million loan last week, is said to have become the biggest of China’s real estate developers to go bankrupt today when the Hong Kong-listed company decided that it was ceasing all activities until it could… Read More>>